Luke Nelson - IG Wealth Management

This article emphasizes the need for single people to focus on retirement planning, as it can be more difficult to reach goals with a single income and a lack of spousal benefits.

https://www.theglobeandmail.com/business/article-tips-for-single-people-to-protect-their-income-and-save-for-retirement/

Tips for single people to protect their income and save for retirement Singles need to navigate a higher cost of living and fewer tax breaks compared with couples

This article goes through financial planning adjustments required for this common phenomenon. Deciding if and how much rent to charge your kids can be a discussion to have with a professional.

https://www.theglobeandmail.com/investing/personal-finance/retirement/article-retirement-downsizing-adult-children-living-at-home-housing-costs/

They planned to downsize in retirement. Then their kids moved back home Many older parents acknowledge things are tougher for younger generations, and are adjusting their plans to support them

Beyond financial planning, retirement involves life planning. Finding and/or maintaining passions and purpose beyond the working years is essential.

The Retirement Crisis No One Warns You About: Mattering Many of us plan for our future wealth and health. Few prepare for an equally essential aspect of retirement: how to continue to feel seen and valued.

A case study in how to tackle complex financial planning. This couple has major decisions to make including starting a family and going down to a single income. Being able to understand the impact on retirement by projecting various scenarios and see it through a planning scenarios can make these decisions less scary.

https://nationalpost.com/personal-finance/family-finance/how-this-toronto-couple-can-still-have-kids-and-a-six-figure-income-in-retirement/wcm/8e1d169e-96bf-4491-ba5d-cc11957a0959

How this Toronto couple can still have kids and a six-figure income when they retire Couple want to know if they should have kids and live on a single income, or forgo children altogether to retire well. Luckily, their real estate assets will help t…

There is an opportunity for Canadians to improve their financial literacy using AI tools. Personally, I would liken it to getting medical advice from an AI source. For small things, it can be helpful, but at a certain point it would be prudent to seek a professional.

https://www.theglobeandmail.com/investing/personal-finance/retirement/article-canada-needs-guidelines-for-ai-use-in-financial-advice-report-says/ #:~:text=The%20report%20argues%20that%20AI,mislead%20users%2C%20the%20report%20said.

Not only do we want to include inflation in our retirement projections, but we want to stress test our plan against various inflation scenarios.

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-retirees-often-forget-inflation-investment-strategy/

When crafting an investing strategy, retirees often forget to consider inflation Retirees often take a spend-and-hold approach, harvesting their dividends without cutting into their holdings

It's important to have estate planning conversation with your kids. Sometimes there are issues that are much easier to resolve while alive, rather than through a Will.

https://www.theglobeandmail.com/investing/personal-finance/article-inheritance-estate-planning-finances-bruinsma/ #:~:text=Advance%20knowledge%20can%20help%20kids,or%20just%20generally%20enjoying%20life.

As kids go back to school and resume academics, many parents will be the primary teacher of personal finance. Here are some lessons.

https://www.theglobeandmail.com/investing/personal-finance/article-financial-lessons-teenager-savings-bruinsma/

Financial lessons to instill this fall with your teenager It’s a good time to start healthy routines, such as sound financial habits

The Ontario Trillium Benefit combines the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit and the Ontario Sales Tax Credit. Make sure you are collecting, if eligible.

https://nationalpost.com/news/canada/ontario-trillium-benefit-payments-arrive-this-week-heres-what-to-know

Ontario residents to receive tax-free government payment. Who is eligible and how to apply? The OTB combines the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit and the Ontario Sales Tax Credit.

If you know anyone who may be eligible for the disability tax credit, feel free to share this. They may be eligible for a NEW $200 monthly benefit starting in July 2025. This is designed to help lift people with disabilities out of poverty.

https://www.cbc.ca/news/politics/canada-disability-benefit-program-applications-1.7567191

Applications open for Canada's new disability benefit program | CBC News Canada's new disability benefit — a program that provides eligible people with up to $200 a month — is now open for applications.

For those looking to enjoy traveling in Canada, there are some potential savings to be captured with the new Canada Strong Pass. This article outlines the features.

https://www.cbc.ca/news/politics/the-canada-strong-pass-launches-friday-to-promote-domestic-tourism-here-s-what-it-offers-1.7562215

The Canada Strong Pass launches Friday to promote domestic tourism. Here's what it offers | CBC News Heritage Minister Steven Guilbeault announced on Monday morning that the federal government will launch the Canada Strong Pass later this week, a move to promote domestic tourism that makes Canada's historic sites and parks free to visit and rail travel less expensive for young people.