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Advice for Life Fall Newsletter
By Alterna Team
October 27, 2023
97 Articles found

Back-to-school shopping isn’t just about shopping for school supplies; it’s also the perfect time to plan for your child’s future. As parents, we’re constantly looking for ways to secure a bright future for our children. Alongside academic success, fostering financial literacy is important for preparing them for the journey ahead.

Statistically, women outlive men, which necessitates a well-thought-out financial plan to support them for a longer duration including planning for now, retirement, and wealth transfer to the next generation. At Alterna Wealth we are committed to helping women secure their financial future through expert advice, enabling them to embrace the opportunities that await with knowledge and inspiration.

While Canadians saw a brief pause in increases after over a year of rising interest rates, the Bank of Canada announced another hike in June. Our colleagues at NEI Investments released an update on the recent increase and the state of the Canadian economy.

Over the past decade, I’ve witnessed firsthand the transformative power of responsible investing in today’s financial landscape. In an era where profit and purpose are not mutually exclusive, it has become increasingly vital to partner with a specialist who can help you navigate the complex world of investments while staying true to your ethics and values.

Entering a second marriage or common-law relationship is an exciting new chapter in life. You need to be open from the beginning to secure your financial future together. Approximately 26% of Canadians find themselves in a second marriage or common-law relationship; these relationships typically come with additional financial considerations.

The cost of living in Canada has been steadily on the rise, leaving many families feeling the impact of inflation. To combat this, the Bank of Canada has implemented measures to dampen inflation, including raising interest rates. While these measures can have long-term economic benefits, they present immediate challenges for Canadian families.