Welcome back to the Capital Newswire blog and most of all welcome back Spring!
Spring is finally here! And for a lot of people, coming out of hibernation is when the big dreams start happening. That big summer trip. That new deck project. Or maybe it’s the scary news – floods and wildfires – that gets you thinking about your “WHAT IF” plan. How would you financially plan for bad things happening? We're here to help with some of those plans, so keep reading!
In this post we have lots to cover so let's get started:
- How to start small for something BIG
- RRSPs or TFSAs?
- What do you think about Cancer coverage without all the paperwork?
- And what about the kids?
- Changes are coming
- And now for something fun
How to start small for something BIG...
We lead financial wellness sessions all over the Province. And when we do that, we see people running into a constant problem with saving: people are usually trying to save what they have left over at the end of the month. And what’s left over at the end of the month? Usually, not much.
Instead, we want to encourage you to “Pay Yourself First”. Find out more here!
Should I contribute to an RRSP or a TFSA?
Great question! And one that we get a lot.
The great news is, it has an easy answer: It depends...!
We have developed a handy side-by-side comparison to make it a bit easier. Click here for the full comparison
Already have it all figured out? Ready to apply? Click here for your RRSP and TFSA applications
What do you think about Cancer coverage without all the paperwork?
As an ATA member or an Alberta School Board Employee, you may have heard about your Group Critical Illness plan through your Voluntary Benefits Program – this group plan is a way to get a cheque for $25,000 up to $300,000 tax-free if you're diagnosis with a life-changing illness – such as Cancer, Heart Attack, Alzheimer’s or MS.
If it seemed daunting to apply because of all the paperwork, there is good news…
As a member of the Alberta Teachers Association, or an employee at any School Board in Alberta – or you’re married to someone who is, you can now apply for your Group Critical Illness plan online!
This takes away one more barrier for people who have been waiting to apply. Do it now! It only takes a few minutes to apply and this could be the few minutes that make the biggest difference down the road.
But what about the kids?
For anyone that has young people in their lives, imagining one of them getting sick is just about the worst thing you can think of. But we know that at some time in their life, it could happen. How do we help protect them now from something that could happen well into the future?...
The Capital Kids' Critical Illness Coverage was designed to help protect the young ones in your life … for most of their life.
Interested? Click here for more details on how to protect your kids
Changes are coming!
If you’ve invested your savings with us as part of your Group RRSP / TFSA / RRIF, you probably know that our Pension Fund Administrator is Great-West Life. They have name changes coming next year, and word is starting to trickle out about the change.
There is no need to worry, we're in the loop and we are here to share with you the changes and how they may affect you. Read more about the changes.
And now for something fun!
Don't dig up that Dandelion! Did you know that dandelion flowers are one of the first spring sources of nectar for the bees? Lately, there has been lots of conversations about the declining bee population and luckily, there are a few things that we can do in our own gardens to help the bees and their fellow pollinators.