An emergency fund is a nice thing to have, but it’s also acceptable to have a line of credit…
NEWS
Stewart & Kett featured in the media
Stewart & Kett in the Media
Our staff are regularly interviewed in the media discussing financial topics of interest to our clients
Canadians raiding their savings to splurge, if they save at all: survey
Andrew Seale, Yahoo Finance Canadian’s fake-it-‘til-you-make-it financial approach doesn’t seem to be working out. While 59 per cent of Canadians say they are dedicated to their savings plan, closer scrutiny shows otherwise with a third of Canadians regularly biting...
Gone with the windfall
Many lottery winners go through their new riches in no time. Here are five of their most common mistakes — and how they can be avoided with some help from a CPA.
Should you save for your retirement or child’s education first?
Global News, Brian McKechnie Interest earned on an RESP is also not taxed until the money is withdrawn. And if an eligible student — registered with a post-secondary institution — is the one who withdraws the money, the tax falls on them, not you. Financial advisor...
The future’s looking bright for advice-only advisors
Wealth Professional, Will Ashworth This past Friday WP had the pleasure of speaking with David Stewart, a partner in Toronto-based advice only firm Stewart & Kett. In the financial planning business since 1986, Stewart's partnered with Cynthia Kett for the last 20...
Pay down the mortgage? Or build up your RRSP?
Morningstar, Vikram Barhat How to decide? Cynthia Kett, a principal with the advice-only firm Stewart & Kett Financial Advisors Inc. in Toronto, suggests considering your mortgage rate on a pre-tax basis. "If you're in a 50% marginal tax bracket, your pre-tax...
Will I Ever Be Able to Retire?
Money Magazine, Cynthia Kett The secret is to not only be able to afford your current lifestyle, but to accumulate enough in savings and investments to fund your retirement lifestyle, too. One of the first questions many clients ask is: "How much will I need to save...
Too Soon to Retire? Consider a Sabbatical!
Money Magazine, Cynthia Kett I've just returned from a wonderful rock climbing trip to Maple Canyon, Utah; I wish I could've stayed longer. Perhaps you're having similar thoughts after your summer vacation. Is it too soon for you to contemplate retirement? Maybe a...
Should you skip the RRSP contribution and pay off your mortgage first?
The Globe and Mail, Kira Vermond The big push is on to convince Canadians to load their extra cash into registered retirement savings plan (RRSP) investments before the Mar. 3 deadline. But though it may seem as though contributing is the only option when it comes...
Should Eleanor, 67, sell her nest to fund retirement?
The Globe and Mail, JOEL SCHLESINGER Eleanor lives in a nice neighbourhood in Toronto in a heritage home that is a gold mine of equity. Yet that wealth is out of reach for the 67-year-old, single retiree, and she now wonders whether she should sell it to capitalize on...