An annuity can help you turn a portion of your savings into regular income payments, providing you with a steady stream of income during your retirement years. Learn about how annuities work, the different types of annuities, and how annuities can work for you in your retirement.
Watch M. Paul Bloom, CIO at Bloom Investment Counsel, Inc. review Q3/22 and share his thoughts on investment markets for the remainder of 2022.
Volatile stock markets are a reality, but do not need to be a hindrance to building wealth over the long-term. Bloom Investment Counsel, Inc. is a Toronto-based independent investment manager who has been building wealth since 1985 through various market cycles for high-net-worth individuals, family offices, foundations, corporations, institutions, and trusts. In this article, we provide some suggestions help deal with investing during periods of stock market volatility even when there is no perfect way to foresee such periods, predict how long they will last, or predetermine the depth of decline they may cause.
Life happens, and business owners would be wise to plan an organized, tax-efficient transfer of assets in the event of an untimely or unexpected death or incapacitation. Business owners work hard to accumulate wealth, so most probably don’t want their wealth to be used in ways that go against their wishes or for their heirs to be left with a significant tax liability. Two primary goals of estate planning, therefore, are to 1) distribute assets according to the owner’s wishes and 2) minimize tax liabilities.
Estate planning in Canada is not as difficult as many may think. This article covers the basics of estate planning for Canadian business owners.
Dividend yield on a stock means how much dividend income you will likely receive relative to the current price of the stock. It is the ratio of a stock’s annual dividend payment compared to its current price. However, dividend yield can, at times, be misleading to the average investor looking to invest in dividend-paying stocks. Learn more about dividend yields in this article.