June 2015 — Connect Wealth

Should I Buy or Should I Lease Now?

If you’ve ever gone through the process of researching a new car, you’ve likely considered your options: should I buy or should I lease? Although there are many working parts to both scenarios, it really comes down to personal preference and current situation. Recently I went through this same decision process last fall when we were looking for our next car. How did we make our choice? Let’s first take a deeper look into the main differences between buying versus leasing. Read more

June 19, 2015/by Andrew Gordon

Business Planning

Succession Planning – have you planned your exit strategy?

You may have built a successful business but have you planned your exit strategy?

Preparing for succession may not be at the forefront of every business – but it should be. Having a succession plan allows for employees, owners and the company itself to have a clear direction on how the company will move forward in its life cycle. Often, the best way to explain a concept is to share a real life story. Recently my Father, Phil Singer, and I were published in a nationally distributed magazine called Collision Quarterly. It is directed to members of the ARA (Automotive Retailers Association).

The article describes how our team at Singer Olfert assisted my Dad in the selling of his business a few years back. I will summarize the two-page article and you may click the link to read more about our story. Read more

June 19, 2015/by Vince Olfert

Insurance

Insuring Your Kids – Easily Overlooked!

No parent likes to consider the likelihood that one of their children could get critically ill, be diagnosed with a childhood disease, or even pass away. The reality is that the prevalence of many childhood diseases is rising (i.e. diabetes). The emotional and financial stress that the whole family experiences through these times is significant.

In light of these realities, what discussions should you be having with your advisor regarding insuring your children with a life or critical illness insurance policy? Read more

June 18, 2015/by Chris Wiens

Personal Planning

Mortgage or RRSP?

This is the question I have been asked the most in my financial career: Should I pay down my mortgage or put money into my RRSP?

The answer I give is: It depends! I know it’s probably not the answer you were looking for, so let me provide some rules of thumb and opinion on how to walk this through.

Have Questions? We’re here to help!