Ryco Financial Inc.

Review of 2022 2022 - what a year Inflation soared to levels we haven't seen in 30+ years, Current geopolitical situation has been described as "New Cold War", Ongoing Global Pandemic influencing our way of life, policy decisions, and supply chain, The only year since 1926 US stocks and bonds both fell by more tha

https://www.investmentexecutive.com/newspaper_/news-newspaper/pandemic-revealed-benefits-of-stock-picking/

Pandemic revealed benefits of stock-picking | Investment Executive Mutual fund families that bought bargains performed well in 2020

Do you like paying taxes?
If not, you can reduce your Income tax for 2020 by making an RRSP contribution before March 1st (Monday).

What is ESG investing? A spectrum of approaches | Manulife Investment Management In a wide-ranging interview, two environmental, social, and governance (ESG) investment leaders from Manulife Investment Management discuss how ESG is transforming investing globally and how their active approach sets them apart.

2021 TFSA limit announced | Investment Executive Federal tax brackets have also been updated for 2021

Check out our new website!
www.ryco.ca

Ryco Financial Inc. - St. John's, NL Financial Peace of Mind with Frank and Darren Ryan of Ryco Financial in St. John's Newfoundland. Financial Services and trusted advice near you in Insurance, Wealth Investments, Group Benefits, Pensions, Retirement and financial planning and Tax solutions, partnered with Manulife Securities.

A(nother) random walk down Pennsylvania Avenue | Manulife Investment Management There are two things that are essentially inevitable every four years, a U.S. presidential election and, not coincidentally, an increase in investors’ questions about how the outcome will impact the financial markets. But does it even matter?

"The average Canadian worker will need to accumulate 10.9 times their final pay to maintain the same spendable income after retirement..."

Are you surprised?

Average worker needs 11 times final pay to retire: Report Many employees would have to delay retirement to 70 to be financially ready

Congrats to Frank Ryan for completing the Fellowship in Group Benefits designation from the International Society of Certified Employee Benefits Specialists (ISCEBS) this week.

The ISCEBS Fellow is the pinnacle of Employee Benefits designations. It demonstrates an extensive knowledge of group benefits plans and current affairs within the benefits world.

Thinking about Investing / Financial Planning?
Here's something to consider... if you're taking a boat out to sea, you'd probably want to leave harbour on a fine day, right?
If you are going out to sea in a boat though, wouldn't you want your boat to be able to withstand some waves, just in case the weather got worse? ... weather can change quickly and as we know in NL, the forecast is just a forecast.

What if your destination was a 5, 10, or 30 year sail/steam from where you are now? Would you like to just go for it yourself? Or, would you like an advisor/navigator?

When we build a plan to make someone's retirement dreams a reality, it's all about risk management:

- We avoid unnecessary risks (like investing with fund managers we don't trust)

- We transfer some risks to insurers (life, disability and critical illness insurance), &

- We accept some short-term or low impact risks in an effort to meet long-term goals.

Managing risks is paramount, unless you never plan to leave the harbour... or reach your destination.
It's very difficult to become wealthy or enjoy retirement by simply earning a salary alone. Having a plan, putting insurance in place, investing monthly, and keeping a long-term view will help you reach your destination and give you peace of mind along the way.

Now get out and enjoy summer in NL!