In this month’s newsletter, we explore the knotty subject of inheritances and some of the issues you might face when giving your children an advance on theirs. Then, financial educator Vanessa Stoykov looks at how bad money habits are formed and what we can do to break them.
We also explain how account-based income streams work and discuss some ways you might be able to tell if a comfortable retirement is within reach. Finally, Nicole Pedersen-McKinnon offers a few tips for anyone wondering where to put their spare money.
Enjoy the edition.
5 traps to avoid when giving an early inheritance
An early inheritance can make all the difference in your child’s life, but there are plenty of issues you’ll need to be aware of before parting with your cash.
Vanessa Stoykov: Unlearning the bad money habits holding you back
For financial educator Vanessa Stoykov, changing our attitude towards money means first understanding all the things that shaped it in the first place.