Before you get started, it’s good to review some basic reasons for getting a will. Number one is to establish orderly succession. “You want the assets to go to the people you want it to go to, and minimize family disputes,” says Cynthia Kett, a Chartered Professional Accountant and Certified Financial Planner at Stewart &
Since banks and other lenders started offering Canadians the option to defer their payments – on mortgages, credited cards, student loans and more – thousands have taken the opportunity to press pause while the COVID-19 pandemic affects our pockets. Yes, you’ll owe more Cynthia Kett, a principal with Stewart & Kett Financial Advisors in Toronto,
Those in the personal finance industry want to encourage people to take steps to disaster-proof their finances so they aren’t caught unaware when another crisis emerges. “This is an unprecedented situation,” said Cynthia Kett, a principal at Stewart & Kett Financial Advisors in Toronto. “There hasn’t been anything other than the world wars that has
Morningstar, Diana Cawfield For many pre-retirees or those entering retirement, the repercussions of COVID-19 and market turbulence have added new fears to their financial future. Yet this is the very time for these investors to carefully prepare for the future. Ideally, that preparation should have begun earlier, according to Cynthia Kett, an advice-only financial planner
The Globe and Mail, Joel Schlesinger While broaching the subject with clients can be tricky for advisors as they run the risk of appearing opportunistic, discussing life insurance has more merit than ever before, says Cynthia Kett, principal at Stewart & Kett Financial Advisors Inc. in Toronto. “I probably bring [insurance] up pretty close to
Cynthia Kett, a principal at Stewart & Kett Financial Advisors Inc. and also a member of the Foundation’s Professional Advisors Council, adds that organizing your finances helps you prioritize your financial goals, including establishing funds for charitable giving. If such planning seems daunting, Kett says the process can be broken down into manageable steps. The
The Globe and Mail, Content from: Randall Anthony Communications A principal of Stewart & Kett Financial Advisors, Ms. Kett says there are many estate-planning strategies to simultaneously benefit individuals and the Foundation. Examples include giving gifts of shares with unrealized capital gains, life insurance and, in some circumstances, registered accounts like registered retirement savings plans
The Globe and Mail, Joel Schlesinger Most Canadians understand how term life insurance protects their families. However, financial advisors can find themselves with much explaining to do around using permanent life insurance as a financial and estate planning tool. Still, permanent life insurance is a big financial commitment compared to term insurance. Cynthia Kett, principal
As co-founder and Principal at Stewart and Kett Financial Advisors Inc., Cynthia Kett has more than 30 years of experience advising families on retirement, estates, and philanthropy, including tax planning. We asked her to explain everything endowment-related, just as she would to a client.
“If you haven’t done any retirement planning,” says Cynthia Kett, advice-only financial planner at Toronto-based Stewart and Kett Financial Advisors, “this is the time to do it, in your 60s.” When transitioning into retirement, Kett “strongly” recommends that individuals do what’s called an investment policy statement.