Jodi Dark 1/11/22 Jodi Dark 1/11/22

TIME TO GET ORGANIZED-2

KEEP ORGANIZING NY GATHERING YOUR FINANCIAL DOCUMENTS, BANKING, INVESTMENT AND INSURANCE INFORMATION

• Mortgage(s)
• Line of credit
• Loans
• Credit cards………..

KEEP ORGANIZING NY GATHERING YOUR FINANCIAL DOCUMENTS

KEEP ORGANIZING NY GATHERING YOUR FINANCIAL DOCUMENTS, BANKING, INVESTMENT AND INSURANCE INFORMATION

• Mortgage(s)
• Line of credit
• Loans
• Credit cards
• Safety deposit box number and key
• Non-registered accounts
• Registered Retirement Savings Plans (RRSPs)
•Registered Retirement Income Funds (RRIPs)

• Tax-Free Savings Accounts (TFSAs)
• Registered Education Savings Plans (RESPs)
• Pension accounts
• Life insurance
• Disability insurance
• Critical illness insurance
• Long-term care insurance
• Health and dental insurance
• Home and auto insurance

Jodi Dark 1/4/22 Jodi Dark 1/4/22

TIME TO GET ORGANIZED

WHY NOT START WITH YOUR IMPORTANT PERSONAL INFORMATION.

it’s a great way to make sure your loved ones know what to do in case of an emergency.

No one likes to think about it, but if something happened to you, would someone else be able to find your important documents? If you’re inquire - or worse - you’ll want a family member or an executor to be able to locate your financial and personal information, such as estate paperwork or health information, quickly and with the least amount of hassle possible.

Being prepared can help avoid potential delays or confusion during stressful times. Having important paperwork in order simplifies things for your loved ones or your executor, can help ensure that nothing gets overlooked.

The best part is that it doesn’t take much work to organize your documents. Simply creating special binders or folders and keeping it in a safe place will do the trick.

You just have to make sure you tell your loved ones or your executor where they can find it.

Stay tuned for more of this series

WHY NOT START WITH YOUR IMPORTANT PERSONAL INFORMATION.

it’s a great way to make sure your loved ones know what to do in case of emergency.

No one likes to think about it, but if something happened to you, would someone else be able to find your important documents? If you’re inquire - or worse - you’ll want a family member or an executor to be able to locate your financial and personal information, such as estate paperwork or health information, quickly and with the least amount of hassle possible.

Being prepared can help avoid potential delays or confusion during stressful times. Having important paperwork in order simplifies things for your loved ones or your executor, can help ensure that nothing gets overlooked.

The best part is that it doesn’t take much work to organize your documents. Simply creating special binders or folders and keeping it in a safe place will do the trick.

You just have to make sure you tell your loved ones or your executor where they can find it.

Stay tuned for more of this series

Jodi Dark 12/24/21 Jodi Dark 12/24/21

Merry Christmas

Wishing you a very Merry Christmas 🎄
Filled with family & fun
- Jodi, Michelle & Bonnie

Wishing you a very Merry Christmas 🎄
Filled with family & fun
- Jodi, Michelle & Bonnie

Jodi Dark 11/5/21 Jodi Dark 11/5/21

More Changes

Not only is our office nearing completion (and we are excited to share that with you soon!) but we are officially now part of the Investment Planning Corporation team.

WHAT DOES THIS MEAN?

We are partnering with a new company to help with our process and business development

Want to find out more check it out here:

Jodi Dark 10/29/21 Jodi Dark 10/29/21

Michelle's Office Changes

Here is a snapshot of Michelle’s Office Reno

We are very excited about the changes happening for us. We are also nearing the completion of our office renovation. The painting has been finished in our offices and we are waiting on our new furniture and flooring. So, as you can see, I am committed to you for many years to come.

Check out a Peak at Michelle’s Office

We continue to work hard to continue to provide you with exceptional service.

Here are a few photos, of our renovation in progress.

- Jodi

Jodi Dark 10/15/21 Jodi Dark 10/15/21

Bonnie's Office Changes

We are very excited about the changes happening for us. We are also nearing the completion of our office renovation. Here’s a peak at Bonnie’s Office…

We are very excited about the changes happening for us. We are also nearing the completion of our office renovation. The painting has been finished in our offices and we are waiting on our new furniture and flooring. So, as you can see, I am committed to you for many years to come.

We can’t wait for you to see it! Here is a look at Bonnie’s New Office Design

We continue to work hard to continue to provide you with exceptional service.

Here are a few photos, of our renovation in progress.

- Jodi

Jodi Dark 10/13/21 Jodi Dark 10/13/21

Jodi's Office Changes

We are very excited about the changes happening for us. We are also nearing the completion of our office renovation. The painting has been finished in our offices and we are waiting on our new furniture and flooring. So, as you can see, I am committed to you for many years to come.

We can’t wait for you to see it!

We continue to work hard to continue to provide you with exceptional service.

- Jodi

Jodi Dark 9/29/21 Jodi Dark 9/29/21

News

We have some exciting changes coming to our office that we want to share with you.

The first thing you may notice is that we are changing our email addresses.

As you can see above and right here, are our new contact emails:

Jodi Dark
jodi@financialbydesign.com
Michelle Currie
michelle@financialbydesign.com
Bonnie McPhail
bonnie@financialbydesign.com

This small change is just one part of continuing the branding of my personal, corporate name which is Financial by Design. Financial by Design is my corporate name that we have had, and used for 5 years. We are now choosing to use this brand for our email address

Next up-----OFFICE Renovation—follow along with our progress

If you haven’t been following us on social media you will be able to find us on all platforms by searching Financial By Design.

Jodi Dark 9/10/21 Jodi Dark 9/10/21

Pick a Debt Payment Method

PICK A DEBT PAYMENT METHOD

Do some research and find the method that works for you. Here are two types of debt payment methods…..

Jodi Dark 5/21/21 Jodi Dark 5/21/21

Women and Money

A Financial Advisor is a valuable resource for all your questions. They can help you take inventory of your current situation, identify what is important to you today and in the future, develop a customized investment plan, and help you work to get organized and put your dreams in place.

This could mean saving for a home, children’s education, retirement, or paying down debt. Putting a plan in place is the best way to make sure you have the money you need when you need it.

Once the plan is in place it is a good idea to review it annually to make sure things are on track and make adjust as needed.

This blog has been prepared by Jodi Dark who is a Financial Advisor for HollisWealth®, a trade name of Investia Financial Services Inc., and does not necessarily reflect the opinion of HollisWealth or Investia Financial Services Inc. The information contained in this blog comes from sources we believe reliable, but we cannot guarantee their accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication/blog and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities. The information contained herein may not apply to all types of investors. The Financial Advisor can open accounts only in the provinces in which they are registered.

Jodi Dark 5/14/21 Jodi Dark 5/14/21

Women and Money

Source: Fidelity Investments Money FIT Women Study, February 2015

Jodi Dark 5/12/21 Jodi Dark 5/12/21

Who needs to know?

Changing names is a matter of personal preference. We received requests for name changes for various reasons and often we are asked ‘who else do I need to notify?’

Changing names is a matter of personal preference. We received requests for name changes for various reasons and often we are asked ‘who else do I need to notify?’
Priority should be government identification. Many of these changes will require a copy of your marriage certificate and in some cases, they need to see the original.

Here are a few others who need to know:
• Drivers License
• Health Card
• Passport
• CRA
• Home Insurance
• Auto Insurance
• Car Insurance
• Life Insurance
• Employer
• Pension / Benefits
• Children’s School
• Will, Lawyer, Accountant
• Doctor, Dentist, Optometrist, Massage Therapist, Chiropractor
• Utility Provider (Gas, Cable, Hydro, Cell Phone)
• Notify the bank for your Mortgage or Landlord (tenant)
• Investment Accounts ( RSP’s TFSA’s etc)
• Bank accounts, credit cards

We help make the changes on your investments as seamless as possible.
-Michelle

This blog has been prepared by Jodi Dark or a member of her team. Jodi is a Financial Advisor for HollisWealth®, a trade name of Investia Financial Services Inc., and does not necessarily reflect the opinion of HollisWealth or Investia Financial Services Inc. The information contained in this blog comes from sources we believe reliable, but we cannot guarantee their accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication/blog and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities. The information contained herein may not apply to all types of investors. The Financial Advisor can open accounts only in the provinces in which they are registered.

Jodi Dark 5/7/21 Jodi Dark 5/7/21

Women and Money

Jodi Dark 5/5/21 Jodi Dark 5/5/21

What to do with at Tax Refund

Stop treating it like found money - Everyone is happy to receive a tax refund, but it is actually your money to begin with, so allocate wisely.

Stop treating it like found money - Everyone is happy to receive a tax refund, but it is actually your money, to begin with, so allocate wisely.

1) Pay off debt
If you have debt - credit card debt, student, or personal loans – using your tax refund to pay off high-interest debt is a smart move. Make sure to put it towards your debt with the highest interest rate.

2) Lump sum to mortgage
Think of it as the government helping you pay off your mortgage by letting you use pre-tax dollars as a reward for saving for your retirement. If you have a mortgage that allows you to make additional payments without penalty (and most mortgages will allow you to make an annual lump sum payment of 5 - 25% of the mortgage value), this might be the perfect opportunity to use that to your advantage. The more you pay now, the less you pay in interest later.

3) Fund your retirement
Whether you are 21 or 51, you should be thinking about saving for retirement and making sure you contribute on a regular basis. If you are young, getting a head start will mean that the money you set aside now will have more time to accumulate and grow through compound interest.
If you put the money in your RRSP, you may get a tax deduction for your contribution, which could result in a tax refund next year as well … that you can also put towards your retirement fund. It creates a great cycle of savings!
Make sure to check your RRSP contribution limit.

4) Post-secondary fund
One benefit of putting money into a Registered Educational Savings Plan (RESP) is that the government will help you by matching part of your contribution. The government deposits a Canada Educations Savings Grant of 20% on the first $2,500 (or less) of your contributions per child each year to your plan. That is up to $500 per child each year! If you missed out on contributing in other years, you can make extra contributions, up to prescribed limits, this year to take advantage of the grant.

5) Emergency fund
Expenses can come up unexpectedly- you might be facing reduced hours at work or your car might need new brakes next month. An emergency fund helps you navigate life's financial ups and downs more easily. If something unexpected happens, this can help to reduce your stress in situations that are already challenging. We recommend that you have enough in your emergency fund for between three to six months of expenses. You could also contribute to a tax-free saving account; this would allow you to potentially earn a slightly higher interest rate while you wait to use the money. Make sure you check your yearly TFSA contribution limits.

Find the right balance
You can choose to do any of the things above with your tax refund, or you might choose a combination depending on how much money you are getting back and what your financial priorities are.
Whatever you choose, make sure to also give yourself a small treat with the money – whether it's a take-out dinner from your favourite place or a new outfit or something else you enjoy. After all, you’re allowed to have fun too!

-Bonnie

This blog has been prepared by Jodi Dark or a member of her team . Jodi is a Financial Advisor for HollisWealth®, a trade name of Investia Financial Services Inc., and does not necessarily reflect the opinion of HollisWealth or Investia Financial Services Inc. The information contained in this blog comes from sources we believe reliable, but we cannot guarantee their accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication/blog and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities. The information contained herein may not apply to all types of investors. The Financial Advisor can open accounts only in the provinces in which they are registered.

Jodi Dark 4/23/21 Jodi Dark 4/23/21

Getting Advice

According to research, working with a financial advisor has a significant positive impact on your wealth.

According to research, working with a financial advisor has a significant positive impact on your wealth. Whether it’s being better prepared for retirement or developing a successful savings discipline, having a good relationship with your financial advisor can have a meaningful impacting your ability to reach you financial goals.

Source: Fidelity Investments Money FIT Women Study, February 2015

Jodi Dark 4/14/21 Jodi Dark 4/14/21

Planning For the Future

One thing that is very important when it comes to planning is to be prepared. Now may be a good time to do some homework on your estate plan.

One thing that is very important when it comes to planning is to be prepared. Now may be a good time to do some homework on your estate plan.
Pull out your Will (if you have one) and make sure it still reflects how you would like your assets distributed.

Here are some things you should consider:
Click here for a Will Planning Checklist

Also, use this time to update your personal records. In case of emergency let your loved ones know where you keep your important documents and keep this booklet with those papers.
Ask us for a Personal Record Keeper

Don’t forget to write in your digital accounts and passwords as well as things like air miles and rewards points.
After all, you don’t want your Facebook profile living on long after you’re gone.

Happy Planning
Jodi