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.
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.
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.
Many people may tell you that buying a house is a good investment to build wealth—but is it, really?
Buying a house requires taking money out of your pocket for the initial purchase and an ongoing outlay of cash for property taxes, maintenance, insurance, and utilities, among others, for as long as you own the house. This article points out two additional, hidden, downsides of purchasing a house for investment purposes which you may wish to know before you decide to purchase your next investment property.