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.
The Globe and Mail, Joel Schlesinger Cynthia Kett, a certified financial planner and CPA, says “giving” shares to children who are not adults by law is tricky. “Children under the age of majority can’t hold shares in their own name because they lack legal capacity to [enter into a] contract,” says Ms. Kett, a trust
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