
8 financial tips to adopt in times of economic turbulence
ReadWe explain why it's important to stay focused on your savings goals despite the current economic context.
In times of geopolitical uncertainty and market volatility, it isn't always easy to keep your cool and stay focused on your savings goals. Here at the Fonds, we are committed to helping you manage your savings and make informed decisions.
The current economic context may seem worrying, but it's normal for your investments to fluctuate when you have medium- or long-term savings goals. However, we know from historical precedent that downturns are generally followed by a strong recovery.
Depending on your savings goals, staying invested is generally the best long-term solution.
At the Fonds, the management structure of our portfolio was designed to make it more resilient in volatile periods, such as the one we've been experiencing since early March. This means that, generally speaking, the distribution of our assets makes the Fonds returns less volatile than those of the stock markets.
Be sure to take into account your savings' investment horizon.
Read our file on keeping a cool head and making good savings decisions.
Make sure you have the right disbursement strategy. Our FlexiFonds advisory team is here to help with no pressure or commission.
If you withdraw all or part of your savings from the Fonds in anticipation of retirement, you will no longer be eligible for the 30% in tax credits[1] for the year of withdrawal. Keep in mind that this represents an additional tax savings of up to $1,500 per year until the end of the fiscal year in which you turn 64. Think carefully before making a decision!
Our diversified portfolio enables us to adapt and remain focused on the long term in order to achieve a reasonable return. Our unique model puts your savings to work in the local economy and saves jobs.
Whether you're ahead of the game or think you've fallen behind in your retirement planning, you can use our online tool to test different scenarios and start building a solid plan.
FlexiFonds mutual fund advisor and financial planner Sébastien Lafontaine is an expert with our retirement income calculator. Using the case of a saver 10 years from retirement, we provide an overview of the tool and what makes it so useful.
Would you like to review your retirement plan or disbursement strategy? We can help you stay on track and avoid making hasty decisions that could get in the way of your savings goals.
Call the FlexiFonds Advisory Centre at 1-833-383-2121
Monday to Thursday, from 9 a.m. to 8 p.m., and Fridays from 9 a.m. to 5 p.m.