You recently heard about the sentencing of Bernard Madoff for his massive fraud, identified as a Ponzi scheme. While certainly not of the same size, an international fraud involving residents close to home was reported yesterday on the front page of the Edmonton Journal by Karen Kleiss. For a quick review of what a Ponzi scheme entails, and to [...]
You have likely heard the news of Bernard Madoff being sentenced by a U.S. District Court to 150 years in jail for his orchestration of a massive Ponzi scheme. Well, I was shocked when a financial advisor I know said yesterday that he wasn’t aware of Madoff and did not know what a Ponzi scheme [...]
In previous entries, I wrote about some of the financial planning basics that I address with clients. You may have worked through some of it, but my experience tells me that procrastination and a busy life often puts it to the side to be dealt with later. There may be a quicker way to get this [...]
If you know me at all, you likely know I completed the Master of Distance Education through Athabasca University in 2002. I continue to present distance learning/education as one of my passions. I want to write about it. So, rather than add the posts to this blog, I am going to write at http://tonyratcliffe.com. My [...]
You spend time worrying about risk management for your company, but do you periodically review your personal financial risk management needs? Knowing that the answer is often, “no,” here are a number of areas that you may wish to consider and discuss with an insurance/financial advisor. Buy-Sell Agreements As a shareholder or a partner in [...]
Also filed in Financial Planning, Insurance
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Tagged Alberta, business overhead expense, buy-sell, critical illness, disability income, disability insurance, Edmonton, financial advisor, group benefits, key person, living benefits, long-term care insurance, Lunch 'n Learn, personal financial risk management, travel insurance
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This article was originally published as a page on my site. I have decided to remove it and replace it with a blog entry. Here it is, slightly edited: I like being asked the question, “Do I need insurance?” This means that the person is not politely walking the other way once it is known [...]
Just as I published tipsheets some time back, I am going to prepare some considerations for business owners and executives. I’ve been sketching my ideas to share, but I also wonder what you are concerned about. If you think of personal financial security, or risk management, what questions or concerns do you have? Is there [...]
The question asks if you should contemplate using your RRSP for your down payment through the Home Buyers’ Plan. The answer? It depends! Let me first provide a link to Canada Revenue Agency’s Home Buyers’ Plan (HBP) information on their website. This program allows you to withdraw money from your RRSP to buy or build [...]
I’m pleased to present Steve Gillis’s first guest post on a blog. Steve has been a financial advisor and a junior/senior high school teacher. From our contacts, I know he is passionate about delivering financial information to high school students. Here’s what Steve has to say… Our schools have failed our children. Most students [...]
I’m pleased to share a guest post from Nancy Zimmerman, a Canadian Money Coach. Nancy makes it clear that she is not a financial planner! Rather, her blog focuses on “helping Canadians be savvy, informed and thoughtful about their money.” I met Nancy on Twitter where you can follow her as @moneycoach. Here today, Nancy [...]
Also filed in Budgeting, Finances for Women, Financial Planning
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Tagged @moneycoach, divorce, economic unit, Finances, financia strengths, Money, money coach, Nancy Zimmerman, partner
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Tony’s Distance and E-learning Blog