Sightline Wealth Management recently hosted a LIVE financial planning webinar to help families avoid common pitfalls and missed opportunities as they enter the new year. During this webinar, Sightline Wealth Management spoke with an expert on this topic: Nancy Grouni, a financial planner at Objective Financial Partners. As one of the estimated 150 fee-only, advice-only financial advisors in Canada, Grouni used her decades of experience to simply and unbiasedly explain common financial dilemmas, and the steps families can take to successfully navigate them.
The specific financial planning mistakes discussed in this webinar include:
- Not understanding the financial landscape
- Failing to look at the big picture
- Relying on retirement rules of thumb
- Identical asset allocation across all accounts
- Buying high and selling low
- Deferring taxes at all costs
- Not planning, period
In addition to these financial planning pitfalls, Grouni also discussed common tax traps, such as a lack in corporate tax planning, missing opportunities for your trusts, utilizing RRSPs and not having enough liquid assets for capital gains taxes.
As always please contact us at (416) 945-6228 with any questions.
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