New Lives, New Challenges
As you move through the major events of life with your family, you'll need to be financially prepared to meet those obligations – that's where thinking ahead and investing comes in. Some of the more common life events include:
Starting A Family
It's often said that nothing changes your life quite like starting a family. No matter if you're expecting or adopting, welcoming new members into your family fold will affect your priorities. Now more than ever, you have more reasons to invest for tomorrow. Growing your assets will allow you and your family to fulfil the dreams and goals that you set. It's important to take the time to ensure you are doing things right financially.
Planning For Post-Secondary Education
It goes without saying that to have a rewarding future, your children will need to have a post-secondary education. The sooner you start saving, the more opportunities your children will have. A tax-effective way to save for your children's education is through a Registered Education Savings Plan (RESP). Contributing to an RESP can provide your children with the funds they need to pursue post-secondary education and potentially open up a multitude of possibilities for their futures.
Marking Your Children's Maturity
No matter how you plan to mark your children's transition into adulthood, by planning ahead and investing properly, the more likely you can ensure the celebration can truly be a memorable occasion for all. As your children move on to marriage, setting aside funds for their wedding or for getting their lives started can provide them with a better head start.
Safeguarding Your Family
Your income can be significant to the financial well-being of your dependents. By planning for unexpected costs, you can feel confident that your children are taken care of should anything happen to you or your spouse. Incorporating life and wealth protection solutions can give you that peace of mind.
Al these considerations can seem overwhelming. Your CIBC Wood Gundy Investment Advisor can offer you expertise to find the solutions that are right for your family. To find out how we can help you, use our Find An Advisor tool to locate a CIBC Wood Gundy Investment Advisor near you.
The information contained herein is considered accurate at the time of posting. CIBC and CIBC World Markets Inc. reserve the right to change any of it without prior notice. It is for general information purposes only.
Insurance services are available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are available through CIBC Wood Gundy Financial Services (Quebec) Inc.