March 10th, 2015 → 2:02 pm @ MacDev Financial Group| Stephen Devlin // No Comments
Canada’s government recently announced that it will be cutting budgets for veteran programs and services despite public outcry. Ironically, the budget for memorials to these very same veterans is increasing—by nearly 21%.
On the flip side, Parliament also recently approved a new policy increasing the age to which moderate- to severely-disabled veterans can continue to receive income payments past the current age of 65. Veterans Affairs Minister Erin O’Toole has enacted the new Retirement Income Security Benefit so that veterans can continue to receive monthly disability income for the remainder of their life.
While this is by far a positive development and vast improvement compared to the simultaneous program cuts happening, how could it be that up until now veterans’ income benefits STOPPED just as they were about to retire? It is heartbreaking and eye opening to know that this is how we treat those individuals who sacrificed their very lives to save ours.
If the honorable men and women who fought for our country cannot depend on the government to support them as they near retirement, who can?
That’s why we at MacDev Financial Group believe in a way that can help you now—and later. The My Bank My Way system utilizes whole life insurance, giving you the freedom, the money, and the security to know that no matter what, you will be taken care of.
It works like this: you pay premiums to your whole life insurance policy and when you need the money, you borrow it from yourself. The interest will remain the same so it’s a complete wash. You really are just making yourself into a bank.
To all of those who have served and fought so that we can be here today, first and foremost, we thank you from the bottom of our hearts and with the utmost respect. If there is any way we can help you with your retirement planning, please contact us today for a free consultation.
Tags: CPA, Financial Advice, retirement advice, retirement information, Tax Advice, Tax Information, Tax Tips
