O'Neill Review | Fall 2022
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Dear Friends,
Fall is now upon us, and I like to look at it as a new beginning. It's like a second spring, with the changing of the season bringing a fresh start. School begins, gardens wrap-up and warm, cozy drinks are embraced. I had a large tomato bounty from my garden this year, so my pantry will be stocked with stewed tomatoes and I'm looking forward to some fall cooking. I wish you all a wonderful fall season and hope to have an opportunity to see you in person sometime soon.
Cheers,
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Evolving Landscape
of Health Care
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We're All on the
Path to Retirement
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Election Promises
and Your Finances
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Covid-19 Vaccination, Your Insurance and Misinformation
In August, Manulife announced that the dividend scale for Manulife PAR would continue at 6% for another year. Manulife’s approach with regard to setting the dividend rate for the Manulife PAR Whole Life plan involves looking to the future, anticipating how interest rates will behave going forward. This is a slightly different approach when compared with other insurers who look to interest rate history to determine their dividend rates.
Whole life insurance is the cornerstone of permanent insurance, an excellent financial planning tool. It provides tax sheltered growth and cash values that are accessible via leveraging or withdrawal. It is well suited to support objectives such as retirement planning, estate preservation and transfer of wealth.
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Evolving Landscape of Health Care
Access to quality healthcare remains a challenge for many Canadians. Many individuals do not have a family doctor, and for those that do, it can be up to a week to get an appointment. If you are lucky enough to get an appointment, you then often have to take time away from work since family doctors only operate during “normal business hours”. Sound familiar?
Virtual care has secured an important role health management over the last two years, spurred on largely by the global pandemic.
Click here to read more about what services are available
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Are we experiencing a Covid-19 Baby Boom? How may that affect your Financial Planning?
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We have noticed a bit of a surge in the number of baby announcements among our clients and business associates recently and it’s led me to wonder if we are seeing a baby boom.
With new family members comes the need to review your affairs to ensure all is in order. In addition to baby proofing your home and finding the best baby monitor, there are some important things you should consider.
Click here to read further.
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We're All On the Path to Retirement
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Retirement is an event which we know is coming, but many of us may find it hard to fully visualize and organize all the moving parts required for a financially safe and secure retirement.
Given the uncertainty of future events and how they affect our planning, one of the best tools we have is to give some thought to our planning regardless of where we are on the path to retirement. The following article provides some insights into some of the predictable, and less predictable factors involved, and provides some worthwhile considerations to bear in mind as we contemplate our retirement planning.
Click here to read more.
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New taxes, daycare and help for home buyers: How Liberal election promises will affect your finances
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The Globe and Mail
Rob Carrick - Personal Finance Columnist
Published - September 21, 2021
The same old Liberals will form the next government, but with a new agenda of measures that affects your personal finances if you’re a home buyer, a parent, a senior or a high earner, particularly one who owns bank stocks.
Affordability was an election theme for all parties and the Liberals were aggressive in promising solutions for people priced out of the housing market and parents struggling to afford the cost of child care.
Click here to read the full article from The Globe and Mail.
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