Archive for November, 2010

h1

Growing Practice…how will you help?

November 30, 2010

Dec 1, 2010

 

Dear Friends,

Nothing gives me greater satisfaction than protecting my clients against the unexpected and helping them preserve and improve their quality of life. I work hard to offer each individual customized solutions that are right for them, based on their values and needs.

As you know, my expertise is in the area of investment strategies, savings and retirement strategies and for insurance needs including critical illness, disability and life options. As a Representative affiliated with Desjardins Financial Security Independent Network, I am supported by a strong network that gives me access to investment, savings, and insurance products from Desjardins Financial Security and all other major Canadian insurers and to more than 100 mutual fund distributors.

If you know anyone who might benefit from my services, please let me know. I would be pleased to meet with him (her) to discuss how I can help him (her) achieve financial security. Additionally I am offering $100 dollar gift card for each referral that leads to a successful relationship.

My life’s work is to help you build your financial future; I thank you for choosing my services.

 

Sincerely,

Jeff H. Barrett B.A., CIM

Life, Health, Investment Strategy

902-830-8615

902-444-7392

Jeffrey.barrett@dfsin.ca

 

® Registered trademark owned by Desjardins Financial Security

Advertisements
h1

Risk Averse, but no protection?

November 29, 2010

Cautious Canadians are taking risks

Katie Keir / November 24, 2010

A new survey suggests that while Canadians think of themselves as risk-averse, they are leaving themselves and their families open to massive liabilities by under-insuring.

According to the TD Insurance Risky Business Poll, the majority of Canadians say they’re cautious and avoid risk (55%), with only 8% saying they are risk-takers. No surprise, given the reputation of Canadians as careful and reserved.

However, when you look at their insurance coverage, a very different story emerges. Three in 10 Canadians don’t have life insurance, and 6-in-10 have no critical illness coverage.

“Canadians may say they’re risk averse, but when it comes to insurance many are making choices that would be outside of their comfort zone,” says Dave Minor, vice-president, TD Insurance. “It just doesn’t make sense to roll the dice when it comes to protecting your family and lifestyle. The right insurance can give you the peace of mind that comes from being protected against the unexpected.”

Of the 31% of Canadians who do not have life insurance, 40% say they don’t think it’s necessary, 23% admit they probably should have it and another 23% feel they can’t afford it. Additionally, one-third of Canadians worry about the adequacy of the protection offered by their insurance policies.

“Whether you need a policy to cover basic expenses or something more sophisticated, it’s worth contacting your insurer to find out how to make investing in insurance work for you, rather than leaving yourself open to risk and worry,” says Minor.

Perhaps not surprisingly, younger Canadians are the most likely to take risks and the least likely to have life insurance. For example, 15% of Canadians 18-29 considers themselves risk-takers. However, only 59% of Canadians in this age group have life insurance, compared to over 70% of Canadians between the ages of 30 and 59.

“It’s only natural to lose some of our adventurous spirit as we age and have more responsibilities,” says Minor. “Canadians are clearly less willing to take a gamble when they have more to lose but many are still leaving themselves open to risk. Whether you’re hitting one of life’s milestones or not, it’s important to re-evaluate your insurance and make sure that it still suits your needs.”

When asked what life events have changed their appetite towards risk, the top answer from Canadians was having children (48%), followed by buying a house (23%) and getting married (18%).

Results for the TD Insurance Risky Business Poll were collected through an Environics Research Group telephone omnibus, conducted October 27 – November 11, 2010.

(11/24/10)

Filed by Katie Keir

Originally published on Advisor.ca

 

h1

A great source for partnership.

November 25, 2010

Quickly summarized in the following note: http://on.fb.me/eaVdjV

h1

Future Priority?

November 22, 2010

Everyone worries about protecting your future income and planning for ‘Retirement.” Do you know that nearly 20% of people do not even make it to Retirement. For those who do, 50% of them will earn a combined household income of less than 25k! Think about it. Right now the average family household income (in Canada) is 63k per year. If we agree that that constitutes half of the population we are forced to ask: “how did half making 63k become half making less than 25k?” Probably a fanciful misunderstanding of what they would obtain for a pension, or a mid-term sickness, or simply lack of planning. Could you live with that type of dramatic reduction in family income? Most people cannot.

Back to the retired. Another 29% earn between 25k and 50k and the remaining 21% earns 50k or more during retirement. So nearly two-thirds of the population shifts to a dramatically lower-income bracket without changing their spending habits. After all, who can blame them? They worked for 35 years to be able to retire and live their dreams. However, we still have a major problem with people spending 145% of their income.

Not only that, 80% of mortgage foreclosures in Canada are related to a catastrophic health event of the mortgagee! These catastrophic health events are, in nearly 80% of cases, survivable but cost tens, if not hundreds, of thousands of dollars to treat (you may be thinking that provincial health care plans will kick in; well there is an 80 page list of drugs related to these health events that are NOT covered). In either case, your only source of liquid cash is your house, so you’re forced to sell your family home? This is a terrible situation. If you use your RRSP as “emergency” money it is a ridiculously costly scenario. To withdraw 100k from your RRSP you need its value to be 189k because you will receive a Revenue Canada bill for 89k if you were to withdraw 100k   (I can explain if need be). If you protected your current income (for very low cost) you wouldn’t have any of these worries.

Why then do we ignore the question of protecting today’s income as well as future income. This is something that it is my mission to address with you. Only then do we talk about growth of investments.

h1

Zen Living and your Finances

November 20, 2010

Excellent and common sense ideas that people painfully ignore:
http://zenhabits.net/financial-zen-how-to-get-financial-peace-of-mind/

h1

Business Partners

November 18, 2010

Here are some business partners I am affiliated with:

 

Darin Roche:

Fotography: http://www.drfotography.com/dr_foto/Welcome.html

Granville Records: www.granvillerecords.com

Centum Mortgage: http://www.clintonwilkins.com/agent-profile.aspx?uid=darin&pid=0

 

Sheva Solomon:

Sheva Hair Studio:

http://www.facebook.com/home.php?#!/pages/Halifax-NS/Sheva-Hair-Studio /149982935022019

http://www.shevamusic.com/

 

Nicole Earl-Barrett:

Piano Teacher: Kings Edgehill Private School, Acadia University, and Private Studio.

 

Derek Roche:

F6Design Logic: Custom Web Design-Development-Marketing: http://www.f6designlogic.com/

 

Andrew Patrick Murray:

“Modern Approach” Real Estate:  http://www.modernapproach.ca/modernapproach/index.lasso

h1

What can I do for you?

November 18, 2010

In today’s fast-paced world, you may find it a real challenge to keep your financial security portfolio up to date, even though you know it’s a matter of your financial health in the long-term. As a Representative affiliated with Desjardins Financial Security Independent Network, I can help you plan for the future, today.

Since your situation is unique, you need products and services that are uniquely right for you. My area of expertise is to help you determine which of the multitude of products on the market are best for you, and to advise you on growth, savings, and retirement strategies and on your insurance needs, including critical illness, disability and life options.

Desjardins Financial Security Independent Network is a major Canadian distributor of financial products and services. My affiliation with this network gives me access to a vast range of possibilities, making it possible to really target solutions that can help you achieve financial freedom and well-being.

If you would like assistance in planning your financial future or would like to review your needs, please feel free to contact me at 902-830-8615 or by email at the following address: jeffrey.barrett@dfsin.ca.

I look forward to working with you.

Sincerely,

Jeff H Barrett B.A. CIM
Life, Health, Investment Advice.

® Registered trademark owned by Desjardins Financial Security