John Barabe is a Trusted Regina Financial Management Consultant and he has an unwavering commitment to quality and service which has enabled him to build and retain a successful practice in Regina. He and his team of Regina financial professionals and support staff believe that planning with honesty and integrity are cornerstones to improving their clients' quality of life. He applies his knowledge to help clients make the right choices when considering all the product and service options that exist in today's marketplace. In his latest Trusted Regina financial expert article, he shares information on investment strategies and how to keep up with the pace of inflation.
If you need $1000 per month for expenses and you have $1,000,000 in deposit accounts (for example a guaranteed investment certificate, term deposit, or savings account) earning 1.2% you are set, right? Well, if inflation is 2% the expenses will increase from $12,000 to $14,628 in 10 years and to $17,831 in 20 years. Your investment falls short of the income you need so you end up spending your original capital to make up the shortfall.
What you need is a return that will allow you to draw an income that keeps up with the cost of living.
Let’s simplify further with an example of the poor current deposit account returns:
In 1991 $150,000 invested in one year GIC’s earned enough to purchase a new Ford.
In 2011 $150,000 invested in 1 year GIC’s earned enough to purchase the same 1991 Ford.
Despite record low interest rates, you still need an income from your investments. If your investment return is coming from a guaranteed deposit account currently, you may not even be keeping up with inflation.
What if there were a way to get a better return, a reasonable return, and still remain low risk?
Unfortunately many people that need income for retirement or even just an investment return that is reasonable are not getting this direction. I will provide you with access to unique methods to reduce risk, while allowing you the returns you deserve with the objective of maximizing your returns. I want to assure you there are investment strategies that can outpace inflation and provide you with reasonable retirement income.
I thank you for reading this article and would like to offer you a value-added service for your time. I will make myself available to act as a sounding board. Please understand, you do not need to become a client to take advantage of this service. The reason I do this is because I became a financial advisor to help people make informed choices with their financial future. It’s very gratifying. One of two things typically occurs when going through this process; either I validate for you that your current approach is fundamentally solid, or I reveal a few minor flaws that you might want to consider adjusting. As you know, minor adjustments can often lead to major improvements down the road. Either way, I will make myself available and ensure that this is a great investment of your time.
John Barabe, Madison Schenher and team.
John Barabe has an unwavering commitment to quality and service which has enabled him to build and retain a successful practice in Regina. He and his team believe that planning with honesty and integrity are cornerstones to improving clients' quality of life. He applies his knowledge to help clients make the right choices when considering all the product and service options that exist in today's marketplace.
Here he shares a tip on Estate Planning Strategies.
Estate Planning Strategies
Many families are not aware of the estate planning options necessary to ensure their intentions are carried out on death. Estate planning is complicated enough without adding family dynamics into the mix making preparation important.
With the current trend of living together without getting married many couples think that the same marital status that applies to taxation also applies to estate. It does not.
Upon death, without a valid will, a common law partner is not recognized as a spouse and would be excluded from a share in the estate.
Consideration and selection of an appropriate nominee guardian for minor children is an integral part of the estate planning process. Why risk courts and government agencies intervening to make decisions. You need certainty that the care of your child’s life is in the right hands. Emotional toll is only compounded with the potential of inheritances that may be tied up and or depleted in the process.
Although a will only makes up a portion of an estate plan, there are many unintended mistakes that are commonly made. For example, many people enter into identical wills with their spouse or partner.
What few are aware of is by law the survivor may not change or revoke his or her will after the death of their partner. Changes could be contested causing family problems and unintended beneficiaries.
What if the surviving spouse develops additional needs? What if one of the children divorce and both are beneficiaries? What if a surviving spouse wishes to make special arrangements for a caregiver or charity that helped either party in a time of need? The variations are endless. This common problem is solved by adding a simple provision to your wills.
Sometimes seemingly small word changes can have unintended but substantial legal ramifications that result in dramatic changes to the distribution of assets from what was planned. Small changes can undo best intentions and unfortunately family conflict can result.
The process John follows for estate planning includes:
- Complete an estate planning checklist.
- Meet with you and your spouse or partner and clarify and confirm desires and objectives
- Ensure the people involved with your estate are aware of the intentions. This can include beneficiaries, executors (or executrixes), trustees and guardians.
- Then implement. All the other steps are not valuable without action.
Make sure your beneficiaries are taken care of, according to your wishes.
and his team carefully consider your needs, goals and dreams in order to implement a well-constructed financial strategy, so that you can have peace of mind about your hard-earned money and financial future. They can simplify your life by addressing your complete financial well-being, which encompasses everything from:
The opinions expressed within this article/communication are those of the Financial Advisor and are not necessarily those of Keybase Financial Group Inc. Any data provided is for illustration purposes only. Clients and prospective clients should always read a product prospectus and fully understand all of the risks associated with the product before purchasing.
Third party publications are not prepared by Keybase Financial Group Inc.The opinions, estimates and projections contained in the publication are those of the author as of the date of the indicated and are subject to change without notice. Keybase Financial Group Inc. makes no representation or warranty, express or implied, in respect therein and accepts no liability whatsoever for any loss arising from any use of or reliance on the reports or its contents. The provisions of the publication are not to be constructed as an offer to sell or a solicitation for or an offer to buy any securities.
The Trusted Regina directory community welcomes another amazing new partner to the Regina Directory of excellence in the Financial Services category
Our Regina team works for YOU, the public and we work extremely hard to find the Trusted local businesses we feature on the Regina Directory. We do all the running around and checking on those businesses so YOU don't have to, the Trusted verification process is intense and we take our job very seriously.
Let us tell you why John Barabe is the latest Regina business to be 'Given the Thumbs Up' by the Trusted Regina Directory of Excellence and why we recommend them.
John Barabe is a Trusted Regina Financial Advisor.
John's unwavering commitment to quality and service has enabled him to build and retain a successful practice in Regina. He and his team
believe that planning with honesty and integrity are cornerstones to improving clients' quality of life. He applies his knowledge to help clients make the right choices when considering all the product and service options that exist in today's marketplace.
John takes a unique approach to discussing complex financial matters with an easy to understand story, analogy or metaphor.