What to expect financially when you’re expecting

Globe & Mail
October 7, 2022.

Financial and family planning are one and the same. Starting a family can be one of the most important and expensive decisions of someone’s life. To ensure that they’re best equipped from a financial perspective, starting a conversation with an advisor early can ensure they’re coached along the way.

With an expensive housing market, rising interest rates, inflation, and a potential economic recession looming, daily living expenses and childcare are becoming increasingly out of reach.

As parents work to ensure their child’s health, safety, and education in a more unpredictable environment, planning for a child’s financial security is an important way to safeguard their future.

An experienced advisor can work to ensure a client’s financial house is in order starting with setting up a registered education savings plan (RESP), educating clients on the childcare deductions available, recommending a life insurance plan, and updating wills to reflect their wishes.

*Globe Advisor subscription required.

Read more.

Related articles


Advisors welcome scrutiny on ESG funds but say there are still many challenges facing investors

December 20, 2022 - The heat is on environmental, social and governance (ESG) investing, with regulatory scrutiny growing over greenwashing and sustainability assurance providers beginning…

2 minute read


Why investors need to understand redemption freezes before getting into alternatives

December 15, 2022 - Ida Khajadourian shares that "under extreme circumstances, a fund might freeze redemptions, known as “gating” to prevent investors from pulling their…

2 minute read


Financial planners Lynn MacNeil and Fadi Ephtimios are partners in business and life

December 11, 2022 - Lynn MacNeil and Fadi Ephtimios, a husband-and-wife team of financial advisors with Richardson Wealth Limited, have been in their chosen profession…

2 minute read