FreeBird Wealth

Anyone paying attention to housing market crisis in China? Why does that matter, because they are the 2nd largest economy in the world.

China has lowered the interest rates but that's not helping either. Stay tuned to see if government would throw more stimulus package to help the market.

Canada's inflation data out this morning...

"StatCan says mortgage interest costs booked another record year-over-year gain, ranking again as the largest contributor to headline inflation."

So they increase interest rates to bring inflation down which ironically adds to inflation measures. Let that sink in...

Hot inflation 'blew the doors off' in July, but core measures 'good news' for BoC Canada's annual inflation rate climbed more than economists expected in July.

🏥Life Insurance🛟

According to the UNA, Alberta nurses are paid 1x base salary for life insurance. **This may be different if you are in another province.

On average, as a full time employee, you may work an extra 10-20 hours of overtime. If your base salary is approximately $80,000/yr. With worked overtime your lifestyle is more likely accustomed to $120,000/yr

If your life insurance plan is paid out at 1x base salary, your family will be paid based on an $80,000 salary.

Did you know you can supplement your current benefits with private insurance?

There are many types of life insurance products, the one I will highlight today is participating life insurance.

A PAR (participating) policy provides the following benefits.

1. Tax free payout to beneficiary
2. Cash Value Growth
3. Possible Dividend payouts

Earn income in your life insurance policy allowing it to grow as an investment as well as insurance!

To learn more about each of these and many other options available to you, contact us today to schedule a consultation.

A ⭐Nurse⭐ is Basically a SuperHero in Scrubs 👏

But as a nurse, are you saving enough for retirement?

Are you utilizing tax strategies efficiently?

Do you know what you will be paid if you take long or short term disability?

Do you understand your pension plan?

Is 1 x BASE salary enough for your family if something tragic happened to you? Remember all that overtime you worked.....it doesn't count as your base salary, but your lifestyle includes your overtime pay.

Watch this space over the next few days to learn more about investing and saving so you can have peace of mind while saving lives!