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All posts tagged financial planning
21
JunHaving uncomfortable financial conversations with your kids
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There’s always an uncomfortable pause when I ask my clients whether they talk to their kids about wealth. Read more
21
JunMaking your kids part of your pharmacy plan
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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
24
MayWhat’s the right formula for your Return on Investment?
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Time saved = time to reallocate = money. This is possibly true. Read more
22
FebRRSPs or TFSAs? What’s the best option for pharmacists?
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The RRSP deadline looms the end of February, so it's time to make some decisions about your tax-free savings options. Read more
21
SepThink it’s time to buy a pharmacy? Know the pitfalls first.
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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
17
AugInflation and your pharmacy business
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Pharmacists are not just healthcare providers. Many are also investors. 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
22
JunMaking the most of TFSAs
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Most pharmacists would opt to pay fewer taxes and save more of their money for a rainy day. Read more
15
JunLife insurance can help your business succession planning
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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
01
JunWhat’s TVM…and why should you care?
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Proper financial planning takes time and the help of a good financial planner to determine your current and long-term financial goals. Read more
25
MayHow much is your pharmacy worth?
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Whether you are a pharmacy owner or a potential pharmacy buyer, it is always important to understand what a pharmacy business may be worth. Read more
