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KC & ASSOCIATES, Financial Services
Specialists are here to assist you in your Insurance & Investments Needs Lawyer Chris Temple, Injury Lawyer For your Well-Being!
Specialists are here to assist you in your Insurance & Investments
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A few of my favorite Insurance & Investment Rules
High Cost Of Waiting
Theory Of Decreasing Responsibility
Gross-up
Rule Of 72
Power Of Compound Interest
Debt Stacking
Pay Yourself First
These are concepts you need to know about!
High Cost Of Waiting
Theory Of Decreasing Responsibility
- Solutions
- Financial Needs Analysis - (FNA)
- Who Could Benefit From an FNA?
- Anyone with children, anyone who plans to retire someday, anyone with debt, anyone who lacks a strategy for financial independence,
-
FNA's five basic
- Education Funding, Income Protection, Building Your Financial Future, Retirement Income
Debt Solutions
- Term Life Insurance - Death Benefit & LIVING BENEFIT, “Term insurance is pure protection, like fire insurance or auto insurance. Its sole function is to support your family if you die. You can buy large amounts of coverage for modest amounts of money - and big policies are what your spouse and children need.”
- Investments - Seg funds & Mutual Funds
- RRSP - Gross-up
- Disability Insurance - Business Overhead, CRITICAL ILLNESS, Dental Benefits, Disability Insurance, FRACTURE ACCIDENT, Medical Benefits, Travel Emergency
- Debt Consolidation
- Pre-Paid Legal Services - We all sometimes need advice
- Publications - Mutual founds
We have more solutions available just ask.
- Solutions
- Financial Needs Analysis - (FNA)
- Who Could Benefit From an FNA?
- Anyone with children, anyone who plans to retire someday, anyone with debt, anyone who lacks a strategy for financial independence,
-
FNA's five basic
- Education Funding, Income Protection, Building Your Financial Future, Retirement Income
Debt Solutions
- Term Life Insurance - Death Benefit & LIVING BENEFIT, “Term insurance is pure protection, like fire insurance or auto insurance. Its sole function is to support your family if you die. You can buy large amounts of coverage for modest amounts of money - and big policies are what your spouse and children need.”
- Investments - Seg funds & Mutual Funds
- RRSP - Gross-up
- Disability Insurance - Business Overhead, CRITICAL ILLNESS, Dental Benefits, Disability Insurance, FRACTURE ACCIDENT, Medical Benefits, Travel Emergency
- Debt Consolidation
- Pre-Paid Legal Services - We all sometimes need advice
- Publications - Mutual founds
Karen Sharon Kirk is Karen Sharon Chartrand otherwise known as KC & ASSOCIATES,
Call Now! 604-835-7242
Shorter amortizations can cost you less interest and help you pay off your mortgage sooner. Since we’re pointing out the obvious, we should also note that making a bigger down payment and buying a cheaper house save interest as well. This is the type of generic advice that some mortgage commentators like to give while applauding the recent amortization reductions. Few media types have acknowledged that extended amortizations are actually a valuable tool when used... intelligently.
It seems that publicly advocating longer amortizations has become semi-taboo, almost like promoting legalized marijuana. But a borrower’s best interests are absolutely not always served by the shortest mortgage. When choosing an amortization, folks must ask two questions right off the bat: (i) Can I comfortably afford my mortgage if rates rise 3%, and (ii) Is there a better use of my cash flow than making larger payments on my mortgage? If the answers to these questions are both yes, then the longest possible amortization may be appropriate. In truth, lower amortizations provide net savings only if you have no better alternatives for the money that would have gone towards paying down your principal.
To put it another way, eliminating your mortgage quicker can actually cost you money if: a) the return on your excess disposable income is greater elsewhere, and/or
b) you have insufficient contingency funds. Certain types of people need to pay extra attention to the opportunity costs of shorter amortizations. They include:
• Investment property owners (who need to minimize payments to maximize cash flow)
• Self-employed borrowers (who need to reinvest in their business)
• Commission earners (who need to build contingency funds for lean months)
• Investors (who invest in higher-returning assets)
• Families (who need to pad their contingency funds, pay down higher interest debt, top up registered retirement accounts, or build education savings).
So before you jump on a shorter amortization because talking heads say it’s the right thing to do, carefully consider if lower payments would further your financial goals more.
(SOURCE: Mortgage Trends) Blessings. Sharon Chartrand
Call us
Make an appointment with a expert to get your custom quote!
Call Now! 1-604-835-7242
Make an appointment with a expert to get your custom quote!
Call Now! 1-604-835-7242
Le Natural Mall Live Better. Shop Local. Incorporated
Abbotsford, BC V2T-3L3
Life-Insurance Quote FORM
KC & ASSOCIATES,
Financial Sales and Service Representative
Dental / Medical Group or Single Plans, Life Insurance
For General Insurance
- HOMEOWNER
- RENTER
- COMMERCIAL
- CAR INSURANCE
KC & ASSOCIATES,
Cindy Makonin
If you want to grow rich in all areas of you life, please go visit my site,
Thank you.
Call Sharon or read Sharon's article...
Canada Revenue Agency is a source to double check your Advisor is telling you the truth .
Individuals and families
- File a tax return
- Authorize or cancel a representative
- Change my address
- Make a payment
- Start/change direct deposit
- Contact the CRA
- Find a form or publication
Popular topicsTaxesAll about your tax return
Get, complete, and send in your tax return, NETFILE, payments, refunds.
Life events
When someone has died, when someone becomes disabled, when you move, and when you get married.
GST/HST for individuals
GST/HST credits, rebates, homeowners.
Voluntary Disclosures Program
Taxpayers may avoid penalties or prosecution if they correct their tax affairs by making a disclosure.
Learning About Taxes
A course to help you understand the fundamentals of the Canadian tax system and to teach you how to file a basic income tax return.
All rates
Federal and provincial/territorial tax rates, prescribed interest rates, prescribed interest rates for leasing rules, exchange rates, mileage rates.
Community volunteer income tax program
Get or provide help filing income tax returns.
CPP/EI rulings
The CPP/EI Rulings Program is responsible for providing clients with rulings that indicate whether a worker is an employee or is self-employed.
Benefits
Child and family benefits
CCTB, GST/HST credit, UCCB, WITB, related provincial and territorial programs, child disability benefit, and benefits calculator.
Savings
Registered savings plans
RRSP, Registered education savings plan (RESP) and Registered disability savings plan (RDSP). Includes HBP, LLP and RRIF.
Tax-Free Saving Account (TFSA)
Eligibility, types of investments, withdrawals.
Businesses
- File a tax return
- Authorize or cancel a representative
- Change my address
- Make a payment
- Start/change direct deposit
- Contact the CRA
- Find a form or publication
All about your tax return
Get, complete, and send in your tax return, NETFILE, payments, refunds.
Life events
When someone has died, when someone becomes disabled, when you move, and when you get married.
GST/HST for individuals
GST/HST credits, rebates, homeowners.
Voluntary Disclosures Program
Taxpayers may avoid penalties or prosecution if they correct their tax affairs by making a disclosure.
Learning About Taxes
A course to help you understand the fundamentals of the Canadian tax system and to teach you how to file a basic income tax return.
All rates
Federal and provincial/territorial tax rates, prescribed interest rates, prescribed interest rates for leasing rules, exchange rates, mileage rates.
Community volunteer income tax program
Get or provide help filing income tax returns.
CPP/EI rulings
The CPP/EI Rulings Program is responsible for providing clients with rulings that indicate whether a worker is an employee or is self-employed.
Benefits
Child and family benefits
CCTB, GST/HST credit, UCCB, WITB, related provincial and territorial programs, child disability benefit, and benefits calculator.
Savings
Registered savings plans
RRSP, Registered education savings plan (RESP) and Registered disability savings plan (RDSP). Includes HBP, LLP and RRIF.Tax-Free Saving Account (TFSA)
Eligibility, types of investments, withdrawals.
Featured Products
Phone: 604-835-7242