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Our Blog - Karma Financial - Karma Financial

 Our Blog

Karma Financial prides itself on providing our clients with informative content and up to date news regarding our services

The Power of Compound Interest

Why do we invest our money? Well, one of the key reasons is compound interest – meaning, the money we invest today has the ability to grow if placed in the proper investment accounts. The idea is that if we invest $100 today at a 5% annual interest rate, it will grow...

The Family Divide: Policy Transfers Amongst Family

As life’s circumstances change, a family may one day want to transfer ownership of personally owned life insurance to another member of the family, such as a spouse or child. With an ownership change, the life insured remains the same, although the new owner may...

The Estate Wedge – Your Peace of Mind Option

Your financial goals will change throughout the course of your life and the focus will eventually shift from asset accumulation and growth (saving! saving! saving!) to estate preservation and wealth transition (enjoying the sweet fruits of your labour). An estate...

Things to Consider When Renewing Your Term Insurance Plan

When it comes to choosing life insurance, term insurance offers several benefits including simplicity, predictability and affordability. Lower premiums in the early years allow you to maintain the same standard of living while providing you with crucial income...

Changing Gears – From Accumulation to Decumulation

You’ve been diligently stashing away some money from every paycheque, contributing to your RRSP and/or TFSA. Perhaps you have a defined contribution pension or, if you’re one of the lucky ones, the defined benefit version. Whatever your process, when it comes to...

Protecting Your Estate

You’ve worked hard throughout your lifetime and this hard work has finally paid off. Perhaps you’ve accumulated assets beyond even those that you may need to enjoy a carefree and relaxed retirement that will eventually be passed on to your heirs. However, some of...