Karen Shaw, TEP, CFP®, CIWM Giving a kid an allowance can go one of two ways. Either it’s loose change handed over every Sunday and spent by Monday — or it’s the start of a money conversation that lasts a lifetime. At Birch Bay Wealth Management Inc. we believe it...
Karen Shaw, TEP, CFP®, CIWM Mortgage. Retirement. Childcare. Post-secondary education. Groceries. Emergency fund. Entertainment. The list goes on and on. If you’re between 25 and 44, chances are you’re juggling more financial priorities than any other life stage....
Your 50s can be a golden window for retirement planning. For many, the kids are (mostly) launched, the mortgage is manageable, and peak earning years are in full swing. But while retirement may still feel distant, now is the time when a few smart decisions can...
Shifting from a savings mindset to an income mindset may have you feeling a little like the miller’s daughter having to spin straw to gold. Each year you watched your investments rise and felt a sense of accomplishment and moving forward. Now that it’s...
We’ve all heard of families that have been torn apart because of an estate issue. No one wants a family rift, yet many estate plans (or a lack of an estate plan) lead to exactly that. Whether it’s unequal distributions, outdated wills, or unspoken expectations,...
