Carol Plaisier, CFP®, FMA, AMP

Investment Advisor, HollisWealth, a division of Scotia Capital Inc.
Insurance Advisor, HollisWealth Insurance Agency Ltd.

Oceanside's Financial Expert, With Over 30 Years Experience

Carol Plaisier

Oceanside's Financial Expert

Carol Plaisier - Financial and Mortgage Expert

Women and Finances Revisited

Monday, 10 July 2017

Women and Finances Revisited

Women typically earn less than male counterparts for similar positions, often spend a number of years out of the work force to have and raise children and women also have longer lifespans than men on average; so how do women save enough money to have a comfortable retirement?

Here are some top tips to achieve this goal:

  1. Take control of your finances, be an active participant in managing family finances, do not leave the financial decision making to your spouse. Educate yourself about investing and money management, don’t rely on someone else to provide your financial security. Don’t be scared to talk about money with your spouse. It is very important, especially if you have opposite spending habits (saver vs spender).
  2. Know and understand your risk tolerance – consider how much risk you are willing to take in exchange for the potential to earn higher returns. Guaranteed investment certificate rates are very low; so low that you are not keeping up with inflation and the purchasing power of your dollar declines every year.
  3. Invest more, do not count on CPP or OAS to provide a comfortable retirement. The secret to creating wealth is spending less than you earn.
  4. Always be conscious of your debt load and reduce spending where possible.
  5. Participate in employer plans – if you are one of the lucky ones where your employer matches contributions, maximize your deduction.
  6. Take advantage of tax planning; registered plans, including the TFSAs (Tax free Savings Accounts)  allow you to enjoy the benefits tax free compounding over time.
  7. Get help – a qualified financial advisor can develop your financial plan, or can help you stay on track. Don’t let the fear of losing money or fear of the unknown stop you from investing.

Your financial security depends on your attitudes towards money and your commitment to taking your financial future into your own hands.

Take charge of your financial future in 2017, call an advisor today!

For further information, Carol Plaisier, CFP®, Investment Advisor with HollisWealth, a division of Scotia Capital Inc. & Insurance Advisor with HollisWealth Insurance Agency Ltd. can be reached at the HollisWealth office in Parksville (250) 248-2399, or by email:  www.carolplaisier.com.

This article was prepared solely by Carol Plaisier who is a registered representative of HollisWealth® (a division of Scotia Capital Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada) and HollisWealth Insurance Agency Ltd. Insurance products provided through HollisWealth Insurance Agency Ltd. The views and opinions, including any recommendations, expressed in this article are those of Carol Plaisier alone and not those of HollisWealth. ® Registered trademark of The Bank of Nova Scotia, used under licence.HollisWealth and the Scotiabank companies do not provide income tax preparation services nor do they supervise or review other persons who may provide such services.

The comments contained herein are general in nature and professional advice regarding an individual’s particular tax position should be obtained in respect of any person’s specific circumstances.

HollisWealth: registered: is a division of Industrial Alliance Securities Inc. (iA Securities), a member of the Canadian Investor Protection Fund (CIPF) and the Investment Industry Regulatory Organization of Canada (IIROC). iA Securities is a trade name and business name under which Industrial Alliance Securities Inc. operates. This information has been prepared by Carol Plaisier, Investment Advisor for HollisWealth: registered:, a division of iA Securities, and does not necessarily reflect the opinion of iA Securities. The information contained in this document comes from sources we believe to be reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces where she is registered. For more information about HollisWealth: registered:, please consult the official website at www.holliswealth.com .www.carolplaisier.com  is a personal trade name of Carol Plaisier.HollisWealth: registered: is a division of Industrial Alliance Securities Inc. (iA Securities), a member of the Canadian Investor Protection Fund (CIPF) and the Investment Industry Regulatory Organization of Canada (IIROC). iA Securities is a trade name and business name under which Industrial Alliance Securities Inc. operates. This information has been prepared by Carol Plaisier, Investment Advisor for HollisWealth: registered:, a division of iA Securities, and does not necessarily reflect the opinion of iA Securities. The information contained in this document comes from sources we believe to be reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces where she is registered. For more information about HollisWealth: registered:, please consult the official website at www.holliswealth.com .www.carolplaisier.com  is a personal trade name of Carol Plaisier.
Insurance products are provided by HollisWealth Insurance Agency Ltd.Mortgages by referral provided by InvisFor further information, Carol can be reached at the HollisWealth office in Parksville at 250-248-2399 or by email at