Family offices are firms designed to serve high-net-worth families by providing them with a wide range of services tailored to their unique needs. The main responsibilities of a family office include administration, managing client cash flows, and managing family assets so clients can enjoy their lifestyle. While the main goal of a family office is [...]
Tax Credits and Deductions Claiming tax credits and tax deductions is an easy way to lower your amount of tax owing and increase your chances of having a larger refund. While there are hundreds of credits and deductions available, weâve identified a list of the most common ones below. Â Common Tax Deductions Childcare Expenses [...]
Life insurance is not just a financial decision, itâs also an emotional decision. Most of us donât want to think about what will happen in the event of our death, but that doesnât mean we should ignore it. Life insurance provides a financial safety net that helps safeguard yourself, your loved ones, or your business [...]
Recent spikes in inflation are thought to be a temporary result of an unbalanced economy due to the pandemic, but are expected to return to a normal rate by 2023. However, While the bond market helps to produce forecasts on inflation for the coming decades, there is no way to be certain of what lies [...]
As a physician, you are subject to higher taxation rates, which can make it difficult to maximize your wealth and reach your long-term financial goals. The main reasons why physicians incorporate are to benefit from the tax savings, which in turn will help build savings faster, as well as give you greater access to capital, [...]
Purchasing a home is one the largest investments you will make over the course of your life. Many physicians will begin to think about purchasing their first home some time after residency. Once they have determined where they will be practicing, they are often eager to plant their roots and start the next chapter of [...]
Being a doctor is more than just a career, itâs a lifestyle. When youâve been in a routine for 20, 30, sometimes even 40 years, itâs only natural that your work becomes a large part of who you are â your meaning and purpose in life. Research shows that 30 percent of doctors are 60 [...]
No one could have foreseen this pandemic nor the impact it has had on all of us. It has caused us all to stop, pause and ask ourselves how could I have been better prepared for this? More importantly, what steps can I now take to ensure I am prepared and my family is protected. [...]
Estate planning can present the greatest set of challenges for financial advisors. Doing it right means helping clients confront their mortality, employ an array of financial strategies and navigate potential tension among family members. The stakes are high. What works best? And what should advisors avoid when it comes to estate planning? Start with simply [...]
Choosing a financial advisor is tough. There are generally a lot of options so how do you differentiate the crème de la crĂŠme of advisors who you can really trust to manage your hard-earned money? Why donât you test drive a few models before you make a final purchase? Most financial advisors offer a âfree [...]
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