KeatsConnelly Cross-Border Weekly Best of the Web 2015-10-16

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s articles focus heavily on personal financial planning matters. The first article focuses on something we are heavily turning our attention to at KeatsConnelly: year-end tax planning. The second article presents thoughts on a very difficult subject: teaching children about money. And the third article discusses a problem many would like to deal with: having more money than necessary to reach retirement goals.

Synchronize your watches: It’s time to start thinking about year-end tax planning ( – While October signals the start of postseason baseball, an exciting prospect for playoff-starved Blue Jays fans across the land, it also marks the beginning of year-end tax planning season as there are several things you must do before Dec. 31 to reap the benefits when you file your 2015 tax return next spring. Perhaps the most popular year-end strategy is tax loss selling, which has been a popular subject of discussion of late due to the rocky year we’ve experienced in most major stock markets. Tax loss selling involves selling investments with accrued losses prior to Dec. 31 to offset capital gains realized either elsewhere in your portfolio or from the sale of another asset, such as a vacation home or rental property…

Why kids should be taught personal finance in school – and at home ( – Every year, a Manitoba high school teacher asks his graduating students to create a budget for the next year. They write down their income and anticipated expenses, but they don’t see how it adds up — and whether they’re in the red — until the very end. “Every single time I’ve done this … they see that they’re $15,000 in the hole for the year,” says Kyle Prevost, a high school teacher and co-author of More Money for Beer and Textbooks…

How to plan your retirement finances if you know you’ll have more money than you need ( – If the planets are aligned just right, when you reach retirement you may find yourself with almost zero chance of outliving your money. You have worked hard, you did some smart things, and maybe you had some good fortune along the way as well. Now you have determined that you likely have more than you will ever need. If that is your situation, you likely have two key questions to answer: 1. What is the smartest way to fund your monthly expenses? 2. What do you do about all the extra money that you will likely not spend…

Come back in two weeks for more interesting news and articles. Enjoy your weekend!

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Cross-Border Series
The Border Guide
Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
A Canadian's Best Tax Haven
This book will show you how to realize your dream of living a lifestyle in a climate that allows for year-round golfing and sandy beaches while lowering your taxes and cost of living.
Taxation of Canadians in America
This book addresses individual US taxation and estate planning issues you will face as a Canadian living in the US.
Taxation of Americans in Canada
US citizens and green card holders are subject to US tax regardless of where they reside in the world. Are YOU at risk?

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