Financial Planning Standards Council FPSC’s 2018 Money and Mental Health survey revealed that millennials aged 18 to 34 and parents with young children were most likely to feel pressure to “keep up” with the way their peers were spending money. And more than one fifth of all Canadians admitted to feeling financial peer pressure. Cynthia
The Globe and Mail, Kira Vermond “Wealth is a factor of not only how much you make, but how much you keep,” says Cynthia Kett, an advice-only financial advisor and principal at Stewart & Kett Financial Advisors Inc., in Toronto. When couples visit her office, she makes a point of involving the woman in every
The Globe and Mail, Chris Atchison Because lawsuits exceeding $2-million are commonplace nowadays, even less-wealthy individuals need substantial personal liability coverage, says Cynthia Kett, principal at Toronto’s Stewart & Kett Financial Advisors Inc. She advises her high-net-worth clients to carry umbrella liability policies, but she stresses that the amount of coverage doesn’t need to correlate
ADVISOR.CA, Michelle Schriver Are you trying to gain clients with your smarts? Cynthia Kett, principal at Stewart & Kett Financial Advisors in Toronto, offered an additional challenge: stretch your limits as a professional. “That’s when growth happens,” she said. But don’t simply take every opportunity that comes your way; rather, choose ones that advance your
ADVISOR.CA, James Dolan Cynthia Kett, principal at Stewart & Kett Financial Advisors in Toronto, says many of the estates she deals with don’t use a professional executor. “If there are a lot of assets in joint name, and everything is rolling over to a surviving spouse outright, that kind of estate would not need a
The Globe and Mail, Dale Jackson Ownership has advantages, but it also has risks. Cynthia Kett from Toronto-based Stewart & Kett Financial Advisors Inc. says much of that market risk is offset by the company’s contribution. A four-to-one share plan, for example, can be considered a 25-per-cent guaranteed gain before the shares even trade. Read
The Globe and Mail, Joel Schlesinger The math is simple. The more money you make, the more taxes you pay. Among the manoeuvres under review is “income sprinkling,” whereby earnings from the corporation are split among the business owner, a spouse and adult children to reduce the overall tax burden. One advantage that will remain
