Learn more about wealth management as Melany Goodhue, financial advisor and founder of Pulse Wealth Management, shares financial advice, industry news, and other valuable insights to help you build your wealth.

EXCITING TAX CHANGES IN 2023

“Tax news” doesn’t exactly sound like something you’d be excited to read about. But you should be. (Or at the very least, your Certified Financial Planner ® should be excited to tell you about it!)

WHEN DOES A BAD FINANCIAL DECISION MAKE SENSE?

Have you ever held back on something because it would “cost” too much? Because you couldn’t justify it, financially?

WHY FINANCIAL PLANNING MAKES SPONENAITY POSSIBLE

It only took 8 days after Cindy called. A 40-minute phone call, and 8 days later we were in Costa Rica. In just over a week after one phone call, I was walking

ARE YOUR ASSETS SAFE AFTER YOU DIE?

If you have a Will, you expect that it will be followed. If you designate your RRSP to your surviving spouse, for example, you expect them to receive it.

Should You Get a Prenup?

Whether you are engaged or already married, you should have a prenuptial agreement (or a marriage contract if you’ve already tied the knot). Yes, even if you don’t have vast sums of wealth or assets. The reason why might surprise you.

Financially Preparing for Divorce

Divorce is hard – there is no question about that. Separating two lives from each other comes with its own unique financial challenges. But you can take steps to make the process easier on yourself.

PETS

Recently, my client had to give up her dog, Macey. It was a heart-wrenching decision, but it was the right one for her. Lauren has been diagnosed with some health issues that mean

HOW TO CHOOSE THE RIGHT FINANCIAL PLANNER FOR YOU

A friend of mine recently broke up with her hair stylist. She was always happy with the cut and colour itself. But, my friend is exceptionally introverted. She prefers silence over small talk.

3 THINGS YOU SHOULD KNOW ABOUT RESP'S

If you have kids, you probably already know the basics of Registered Education Savings Plans (RESPs). They are fantastic tools that allow you to take advantage of free government money while you save for you child’s education.

IS COST TOO BIG A FACTOR IN YOUR DECISIONS?

If you were deciding between two things, would how much they cost be the thing that sways you one way or the other? What if that “thing” you were deciding on was what retirement residence your aging parent should live in, or which daycare to send your child too?

SHOULD YOU STAY INVESTED DURING A DOWNTURN?

When the markets dip, it can feel like a punch to the gut. It can be tempting to cut your losses and get out, if only to slow the tide of anxiety that

DO YOU KNOW WHAT FINANCIAL RISKS YOU FACE?

There are risks associated with everything. Driving your car. Eating at a restaurant. Using your phone. But there are ways to mitigate those risks so you can still accomplish what you want: getting from point a to point b, eating something delicious, staying connected.

WHY YOU SHOULD GIVE TO CHARITY IN YOUR WILL

Have you considered continuing to give, even after you’re gone? Including a gift to charity in your Will can have several positive impacts: on the organization itself AND on your other beneficiaries. Read my latest blog to find out how.

HOW TO FINANCIALLY NAVIGATE A SECOND MARRIAGE

A second marriage is an amazing thing. It’s another chance at love and happiness. But it can also be much more financially complex than a first marriage.

IS YOUR EMERGENCY FUND ENOUGH?

If you had to shell out $12,000 for an unexpected household repair like my client did recently, how would you pay for it? Do you have an emergency fund you could use to cover it? Or would you be dipping into other savings to get things done?

THE PULSE SMILE FUND

I got into financial planning because of a cleft lip and palette. I am the first to admit that the story of how I got into this industry isn’t exactly typical. I didn’t grow up admiring the Wolf of Wall Street and ...

WHAT SHOULD YOU DO IF YOU RECEIVE AN INHERITANCE?

Receiving an inheritance can feel like a mixed blessing. It means that someone you love is gone. It also means that someone cared enough about you to want to financially provide for you

ARE YOU PREPARED?

What would happen if everything in your life changed, practically overnight? Would you know who to call and how to manage your finances to shift gears quickly enough to land on your feet? Do you know exactly what protections you have in place, and how and when they would kick in?

ARE YOU SAVING TOO MUCH?

I recently received a surprising referral from an existing client. My client is in her mid-thirties. I’ve been working with her for several years, and we’ve accomplished a lot together. I

Are Low Management Fees Costing More Than You Think?

Paying less in fees for your investment accounts sounds like a good thing. Many big advisory firms advertise low fees. But lower fees can come with some surprising costs. Read my latest blog to find out how fees aren’t always as straightforward as they seem.

IS YOUR FINANCIAL PLANNER CERTIFIED?

Did you know that in Ontario, there is no certification requirement to practice as a Financial Planner? In fact, any financial professional can freely refer to themselves as a Financial Planner. But there is a rigorous certification available.

SHOULD YOU BUY A HOUSE?

For many people, buying a home (or income property) seems like an obvious financial goal. But is it really the best decision?

IS REFINANCING YOUR HOME A SMART MOVE?

Sometimes the best financial decision isn’t the most obvious. In fact, sometimes the best financial decision isn’t even one you were considering at all. For example: have you considered refinancing your mortgage?

WHEN SHOULD YOU INCORPORATE?

You started out helping friends redecorate their houses for fun. Turns out, you are really good at it. Soon people start telling you “you should charge for this!” and suddenly your hobby has become a hustle.

DO YOU WORRY ABOUT OUTLIVING YOUR MONEY IN RETIREMENT?

Do you fear reaching age 75 or 80 and having no way to generate the money you need to live on? This is a legitimate fear, especially if you don’t have a so-called gold-plated pension plan.

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