Pharmacy U
Join our community

All posts tagged financial planning

Boosting your bottom line with tax-free money

Comments Off on Boosting your bottom line with tax-free money
Jaczko_Mike_8570
Most pharmacists would opt to pay fewer taxes and save more of their money for a rainy day. Read more

RRSPs or TFSAs? What’s the best option for pharmacists?

Comments Off on RRSPs or TFSAs? What’s the best option for pharmacists?
Jaczko_Mike_8570
The RRSP deadline looms the end of February, so it's time to make some decisions about your tax-free savings options. Read more

Having tough financial conversations with your kids

Comments Off on Having tough financial conversations with your kids
Mike Jaczko photo
There’s always an uncomfortable pause when I ask my clients whether they talk to their kids about wealth. Read more

The strategic use of life insurance for your business succession planning

Comments Off on The strategic use of life insurance for your business succession planning
Jaczko_Mike_8570
Estate planning ensures that an individual’s or family’s assets are distributed according to their wishes after death. Life insurance is often used as a solution to problems and needs identified in the estate planning process. Read more

When is the best time to talk finance with your kids?

Comments Off on When is the best time to talk finance with your kids?
Jaczko_Mike_8570
When I speak with established pharmacy owners about what worries them, health, work stress and retirement readiness all make the list. As I help prepare them for succession, another concern often emerges – wanting to ensure their children grow to be happy, productive and successful adults. Read more

Why should you care about the Time Value of Money (TVM)?

Comments Off on Why should you care about the Time Value of Money (TVM)?
Jaczko_Mike_8570
Proper financial planning takes time and the help of a good financial planner to determine your current and long-term financial goals. Read more

Pssst! Wanna buy a pharmacy? Read this first.

Comments Off on Pssst! Wanna buy a pharmacy? Read this first.
0005_Walling_PB-July-2014_Top-Ops
When pharmacist Mark Scanlon purchased a small pharmacy in Peterborough, Ont. in December 2013, he was more prepared than most would-be entrepreneurs for the many challenges of ownership. Read more

What do pharmacist-investors need to know about the effects of inflation?

Comments Off on What do pharmacist-investors need to know about the effects of inflation?
Mike Jaczko
As investors, you need to understand the effects of inflation on your investment portfolio. Here’s an introduction to the world of nominal and real investment rates. Read more

Investing in a retirement residence? Here’s what you need to know

Comments Off on Investing in a retirement residence? Here’s what you need to know
An aging Canadian population is fertile ground for seniors’ housing. Read more

Pharmacy planning: What’s the right formula for Return on Investment?

Comments Off on Pharmacy planning: What’s the right formula for Return on Investment?
PHU Using Sales and Marketing Skills to Grow Your Practice
Time saved = time to reallocate = money. This is possibly true. Read more