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Take control of your financial destiny with great insights, tips and advice from Senior Financial Planners Rob McClelland and Mike Connon at The McClelland Financial Group of Assante Capital Management Ltd.
Episodes
Thursday Jun 22, 2023
Thursday Jun 22, 2023
With mortgage rates continuing to climb, many people are diverting money earmarked for education savings to cover their newly acquired interest payments. Listen here to find out what your strategy should look like.
Key points:
(00:58): Mortgage rates are still on the rise
(02:01): What do you need to earn to offset those new terms?
(02:33): What are people doing to make up for that increase in their mortgages?
(03:32): What’s the most important thing to maintain when you find yourself in this predicament?
(06:47): Securing your education fund
(08:34): RESP strategies
(09:05): What is an in-trust account?
(00:58): Mortgage rates are still on the rise
(02:01): What do you need to earn to offset those new terms?
(02:33): What are people doing to make up for that increase in their mortgages?
(03:32): What’s the most important thing to maintain when you find yourself in this predicament?
(06:47): Securing your education fund
(08:34): RESP strategies
(09:05): What is an in-trust account?
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