MWFS' January Newsletter has been published. 

Click above to read our digital newsletter, including financial insights, portfolio reports, and online client access.

Many Canadians are surprised to learn that extended health care costs, such as prescription drugs, dental care, and certain medical services, are not fully covered by public health plans.

Guaranteed health coverage can provide a straightforward solution.

If you would like to explore whether guaranteed health coverage is appropriate for you or your family, your MWFS Account Manager would be pleased to discuss available options.

Click above to learn more. 

For many families, their home represents both a personal sanctuary and a significant financial asset. While insurance provides important protection, prevention plays a key role in minimizing risk and disruption.

Simple steps, such as maintaining smoke alarms, using space heaters safely, and keeping electrical systems in good repair, can significantly reduce the likelihood of a home fire. Taking preventative measures today can help protect both your property and your long-term financial well-being. Beneva has prepared a helpful resource outlining practical fire-prevention tip. 

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Many people have taken responsible steps to plan financially through a will and Power of Attorney. However, an important aspect of planning is often overlooked, health care decision-making.

An Advance Directive and Representation Agreement allow you to express your health care wishes and appoint someone to make medical decisions on your behalf if you are unable to do so. This planning is especially important in later life, as it can significantly reduce stress and uncertainty for loved ones.

Advance care planning is not just a legal document, it is a conversation. We encourage clients to discuss their wishes with family members and ensure their financial and health plans work together.

Click above to learn more and to access downloadable forms. 

With the passage of time, even well-prepared estate plans can become outdated. Changes in family relationships, asset values, tax rules, or beneficiary designations may unintentionally create complications or inefficiencies.

A helpful overview of common estate planning pitfalls is available in the following article prepared by Sun Life.

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MWFS' December Newsletter has been published. 

Click above to read about our digital newsletter, financial insights, portfolio reports, and online client access.

Looking for coverage options later in life or with a health condition? Guaranteed Life Insurance may be worth considering.

RBC Insurance provides a helpful overview of who this type of coverage is designed for and how it works. 

Click above to learn more.

Whether you already have a RRIF or LIF, or you're converting your RRSP or LIRA as you near age 71, understanding these accounts can help you plan your retirement income more confidently. 

Canada Life explains how RRIFs and LIFs work, including similarities, differences, taxation, and withdrawal requirements. 

Click above to learn more. 

Another common year-end consideration is your Tax-Free Savings Account (TFSA). As year-end approaches, many clients review their TFSA contribution room. You can contribute now or wait until January 2026 to access new contribution room and catch up on unused room from previous years. 

Not sure how best to use a TFSA? Sun Life offers helpful ideas and strategies for making the most of this versatile savings vehicle. 

Click above to learn more.

Fraud can happen to anyone, but seniors are particularly targeted by increasingly sophisticated scams. Staying informed and alert is one of the best ways to protect yourself. 

Beneva shares practical insights to help you spot warning signs and protect your financial wellbing. 

Click above to learn more.