A shout out to my dear friends Frank De Lio and Mauro Arturi
A shout out to my dear friends Frank De Lio and Mauro Arturi, Senior Executive Directors who lead a group of more than 500 advisors in the FML Organization of Experior Financial Group.
We’ve spoken over the last few years about developing an advanced training program for their top advisors to learn how to work with HNW and UHNW clients.
Our 2 hour kick-off session yesterday was attended by 2 dozen of the top Executive Directors in the FML Organization!
I explained the importance of being problem solvers and building a team of professionals to help sophisticated clients understand the importance and use of tax-exempt insurance for business owners, entrepreneurs, professionals and affluent families.
They especially loved learning about the use of strategic philanthropy to help clients convert taxes into charity.
Two hours went by so quickly.
Mark was interviewed today by Jeff McArthur on Global News Radio AM640 Toronto.
We discussed the findings of a just-released RBC survey that indicates retirement levels are expected to surge after the pandemic.
(By the way….when does ‘after the pandemic’ happen?)
A recent FP Canada survey says 40% of Canadians aged 55+ cite saving for retirement as their top source of financial stress.
Jeff sought my suggestions on how ‘about-to-retire’ people should be preparing now.
I explained the importance of a changing mindset from investing to planning and shared my 3 top recommendations: preserve what you have, maximize income and optimize tax efficiency.
If you speak to a professional planner to help navigate, you will likely find out you actually CAN retire and not run out of money.
GREAT event last week for supporters of @St. Joseph’s Health Centre Foundation.
As a member of St. Joe’s Promise Legacy Council, it’s especially gratifying to share ideas that raise money for the hospital while helping people convert taxes to charitable gifts.
My zoom presentation on June 16 was titled “Create YOUR Family Legacy: Maximize Giving, Minimize Taxes”
I explained how we create Accidental Philanthropists™ and presented several wonderful ways to be remembered for leaving more to charity and family instead of a large sum to the tax department.
Many thanks to Maria Dyck, Steven Presser, Carrie Gemmell and the entire Foundation team for organizing such a successful event.
If you are involved in Philanthropy, I’d be delighted to speak to your colleagues and community.
Fundraising In Challenging Times
Delighted to announce that Steve Lloyd, Publisher of Foundation Magazine, has invited me to write a regular column on Philanthropy.
My column is called "The Accidental Philanthropist”.
Here is my inaugural article “Fundraising In Challenging Times”.
It’s a great publication.
https://foundationmag.ca/
Foundation Magazine | The Business & Spirit of Philanthropy
Consider subscribing free if you have a connection to charities, foundations and non-profit organizations.
Create YOUR Family Legacy: Maximize Giving, Minimize Taxes
9 Generous Ways to Use CPP Benefits
WHAT ARE YOU DOING AT NOON THIS THURSDAY ?
“Swerve To Avoid Tax Hikes Ahead”
It’s April 30th - Personal tax returns (and payments) are due today
My interview yesterday with Jeff Andreas of CHNL radio
Video of my Recent Interview With Brian Crombie
Check your finances just as you’d visit the doctor
Investor’s Digest of Canada published my article “Check your finances just as you’d visit the doctor”.
It explains the importance of understanding the details of insurance policies you currently own, and presents several important planning opportunities to consider now.
Despite 30 years of professional practice it continues to amaze me that so many successful people don’t know what they own until it’s brought to their attention, and sometimes it’s an ugly surprise.
Many people, after buying life insurance, simply ‘file and forget’.
Don’t be one of those people.
Contact us for a thorough review, with no cost or obligation.
All In the Family - Make A Family Participation Plan
“Why Philanthropy is a Good Investment: It’s not always obvious”.
Future Attractions. When and How Much?
That’s the title of my latest article published in The TaxLetter®
It recognizes significant tax increases ahead and presents several opportunities to preserve wealth and lessen the tax bite now.
As we patiently await our vaccines and the re-opening of world economies, right now is the perfect time to focus on “incompletions” in your estate planning, including wills, powers of attorney and life insurance.
Now, for the first time ever, our clients can get up to $5 million of Life Insurance with NO medical underwriting, NO blood/urine samples and NO in-person meetings, all in a 15 minute phone call.
They are topping up coverage and buying new policies for spouses, children and grandchildren for basic protection, estate tax planning or charitable giving.