Think Smart with TMFG

Nobody likes to pay more taxes than they should but have you ever heard of hidden taxes? They look like a tax and act like a tax, yet they are not called a tax. Listen here today, as Financial Advisors Rob McClelland and Mike Connon discuss some of these covert culprits. 

 

We often have difficulty as Financial Advisors quantifying what it is we do. The truth is that the numbers don't lie. In the long term, working with an advisor is in your best interest. Cookie-cutter solutions cannot make the same claims. A financial plan tailored to you, your risk tolerance, spending habits and all that makes up your financial persona is invaluable. Join us today as we run the numbers and define where exactly you will see that effect on your bottom line.

They may look like the next best thing, but the truth is they may not be reliable investments. Huge companies can rise to the pinnacle of their creation only to be in the red when it comes to the bottom line. Join us today as we examine Great Products, Horrible Investments.

Advisors Rob McClelland and Mike Connon take a behind-the-scenes look at active mutual funds. Why is it that mutual funds continue to underperform their benchmarks? You may be surprised to know that many funds do not survive; many close or consolidate. You may have put your money into one fund only to find out that it has completely changed its parameters without you even realizing it. Of those funds that do survive, only 23% beat the market 10 years out, and on the fixed income side, only 31% 10 years out beat the market, and the numbers only go down from there.  Join us today as we take a deep dive into the active mutual fund industry and review the recent study “The Mutual Fund Landscape".

The housing market is on fire in Toronto and Vancouver. Entry-level houses are selling for well over 1 million dollars. Today we dig deep to understand what the housing data is showing us. Financial Advisors Rob McClelland and Mike Connon discuss the many obstacles parents and children face as first-time homeowners. Is it a good idea to help your kids with this purchase?  If so, where should the money come from? This is a list of best practices for parents to consider here on Think Smart.

The goal of this company has always been to add value for our clients. You might be surprised to know that building your portfolio is one of the easier parts of what we do. Join us today as we examine our value proposition and which parts of it are geared towards doing a better job for our clients.

Many people try their hand at doing their own tax returns with the thought that they can save money or that it's not really all that complicated. But we're here to tell you that there are a number of easy mistakes that people make when filing their income taxes. Listen here to find out what they are and how you can avoid them.

 

Today on Think Smart Financial Advisors, Rob McClelland and Mike Connon, discuss the ins and outs of dying in Canada. From the types of taxes, you face to some pretty simple things you can do to ensure that as much of your accumulated wealth as possible can be passed on to the next generation. 

We all know change is inevitable, but the pandemic has brought change to the forefront of many technological discussions. Outdated modes of communication are on their way to becoming a thing of the past. Join us today on Think Smart as we discuss the changes and innovations that we should expect in the coming years. 

Is your savings rate at the right level for you to be able to retire? This is one of the 10 numbers that you should know when it comes to your financial life. Today on Think Smart Advisors Rob McClelland and Mike Connon discuss everything from the Rule of 72 to how to calculate your financial independence and net worth.