Who ordered the tropical weather?! We asked for summer and we got it! While we hope you’re enjoying your summer so far, it sure has been a struggle to keep cool lately. We have been keeping busy in the office (with A/C) following a few developments within the company. We hope that as summer winds down you enjoy the remaining long, sunny days.
While I would normally start off with any company news, so much has happened so far this year that Rick will field the changes we’ve gone through over the past few months and milestones we’re celebrating in 2018 in this newsletter. Our mutual fund dealer, Quadrus, is also making some improvements to their platforms and introducing, in the near future, e-statements for your accounts! More information on signing up for this will be available in the coming months.
The markets haven’t produced anywhere near as much to talk about as the political climate and trade agreements around the world. While these events unfolding can have an effect on stock market returns, the future remains, as always, uncertain. Rick and Patricia talk more about the returns last quarter in Market Watch.
I had run across an interesting article that discusses the breakdown of spending within the average American household. What was interesting is not only the breakdown itself, but the categories that increased between 2015 and 2016. You can see more details on these categories in my article.
One of the categories that had increased was spending on retirement savings vehicles and pensions. Given the rapid approach of retirement for a large group of the North American population, this statistic is not surprising. But what do you do with your RRSP when you are set to retire and take income from your plan? Patricia discusses the options of closing your RRSP in her article.
-- Natalie LeBlanc
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Market Watch
Rick Irwin, CFP, CLU; Patricia Bell, PFP
The theme of the markets seems to be “uncertainty” as trade regulations and relationships around the world are tested. The returns of the last quarter posted by major corporations were undermined by advancing disruptor stocks. The Bank of Canada’s decision to increase interest rates also played a role in mutual fund returns.
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When do I have to close my RRSP?
Patricia Bell, PFP
There’s always a lot of discussion around when exactly is the right time to take funds from your retirement savings but do we know the basic rules around these assets and when some things have to happen?
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Trinity Wealth Company News
Rick Irwin, CFP, CLU
2018 marks the year of a number of milestones for Trinity Wealth Partners. With these milestones came a few changes within the office in terms of our roles and staffing. Through these changes, we strive to provide the best quality of service for you, our clients, and your families.
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Household Spending Habits
Natalie LeBlanc
Do you think you spend too much money going to the movies every week? What about your grocery bill? While some of our expense categories (like healthcare) may not be comparable to our American counterparts, the U.S. Bureau of Labor Statistics prepared a report of household spending through the 2016 calendar year that highlights some interesting facts.
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