Precision Wealth Management
147 Harrison Ave V9P 2H7 Parksville, BC, Canada

Worried about retirement? Specifically, about the cost of retirement and whether you will have enough money? If so, you’re not alone. This weeks article breaks down how much money you really need to retire. https://precisionwealth.ca//how-much-do-you-need-to-retire/

No matter how you invest, certain principles are important to maintain the boundaries of risk exposure and the return of your portfolio. This week’s article explains how to make diversification work to your financial benefit, and how it can protect your portfolio. https://precisionwealth.ca//investing-reminders-diversifi/

As bitcoin continues to hit record highs, it has garnered much attention and fuelled an ongoing debate: Is bitcoin the next gold? This week's article explores the current economic environment helping to support bitcoin as the alternative asset of the future. https://precisionwealth.ca//the-rise-of-cryptocurrencies-/

Success in building wealth has always started with #saving. Our article breaks down an easy savings method using just $30, to show you the power of time and #compounding when saving for your future. https://precisionwealth.ca//wealth-creation-how-much-is-3/

In light of fluctuating market conditions, the federal government reduced the 2020 minimum withdrawal amounts for Registered Retirement Income Funds (RRIFs) by 25 percent in March. Should retirees withdraw less from the RRIF? Here are some factors to know.

Scientists and health care professionals across the globe are learning more about COVID-19. Here is a positive news story with encouraging information about immunity.

Discover the advantage of using a dollar-cost averaging (DCA) program to build your long-term investment portfolio. With this strategy, there is no need to focus on predicting market fluctuations. Find out more.

In uncertain markets, it may be tempting to take a conservative approach to protect investments from the downside. If you to want to take action, here are some constructive opportunities to help you maintain a balanced portfolio.

Is the office era over? For many office workers, working from home became the new normal this spring. If you work from home, there are tax implications to consider. Here is some helpful information about tax deductions for home office expenses.

In light of COVID-19, many people are considering their estate plans. While creating a will is easier than ever, there may be good reasons why more thoughtful planning can be beneficial.

With the US Election approaching in November, how will the presidential outcome impact the stock market? Here is a look at these questions from a historical perspective, how markets have performed based on differing presidents and political parties.

With COVID-19, we have experienced change that has occurred at unprecedented speeds. We understand the challenges that come from an uncertain near-term outlookbut, as much as possible, investors should try to stay focused on their long-term goals.

The risks involved in investing can never be eliminated, and the markets will inevitably encounter surprises along the way. As Advisors, we act as 'risk managers' to help protect investors from potential changes. Read up on the various ways we can control risk.

Uncertain times often highlight the mistakes that investors can make with their portfolios. Here are some common investing errors.

From everyone at Precision Wealth Management, we wish you a bright, fun-filled and fantastic Canada Day with your family and friends!

Do you own a business? Life insurance for business offers financial protection for your employees and your businessensuring that your business survives long into the future. Here are life insurance solutions for business owners.

If you based your investing strategy on major news headlines, you would not be blamed for never investing. Headlines can be overly negative because that is what sells. So what should investors do? Stay invested long-term with a diverse investment portfolio.... Read more

As a result of many recent changes due the COVID-19 pandemic and short-term economic effects, many investors are asking What is the economic path forward

RRIF Tax Warning If you hold a Registered Retirement Income Fund (RRIF), it's important to know that withdrawals are treated as taxable income. Withdrawal considerations should be part of a larger retirement withdrawal strategy. Read up on some considerations, based on your situation.

Saving on taxes is a year-round exercise, and now is the time to maximize tax savings for 2020! Here are 4 ways to help minimize payables to the CRA.

Starting Tuesday May 19th, we are implementing the latest COVID-19 protocols to safely re-open our office slowly as part of Phase Two of BC's Restart Plan. Find out what measures we are taking to ensure the health of our clients, couriers, staff, advisors, and families.

As an investor, we can't control the direction of equity markets, but we can control how we spend and save our money. We recommend creating a personal cash flow statement, which is a visual map of your income sources and expenses. This can be an eye-opening experience, and can significantly impact your future wealth.

Back by popular demand, here are stories from the Precision Wealth Management team about working from home, changing routines, and finding the perseverance to continue serving clients under changing conditions.

The novel COVID-19 has brought countless changes to our daily lives. Read what our Wealth Advisors have to say about working from home as they shifted gears to continue serving clients and balance family. We look forward to serving you in-person again soon!

During the COVID-19 crisis, a key piece of advice for the young is to start saving an emergency fund early. Save 10% each month toward emergencies, future retirement, and then make your money work for you by hiring a financial advisor.

Earth Day is a day of celebration and promises to make earth a happier, healthier and greener planet for generations to come. Happy Earth Day 2020!

Do you have a Registered Retirement Income Fund (RRIF)? If so, new legislation allows you to lower your minimum payment by 25% for 2020. A lower RRIF payment would reduce your taxable income for 2020. Contact your Advisor to take advantage of the reduced RRIF minimum.

Market volatility can be a stressful and a difficult obstacle for even the most seasoned investor. Check out 3 tips for wealth management planning in an uncertain global economy.

Warmest wishes to you and your family on this Easter long weekend from your friends at Precision Wealth Management.

COVID-19 has redrafted the way we live our lives for the time being. So without our usual hustle and bustle, here are some great activities to help you and your family during these quieter times.

As market conditions change due to COVID-19, stay informed with our special resources section that draws on the experience our firm has in dealing with recent market volatility. Please forward to your networks.

Social distancing is critical during this surreal period, and no doubt we will get through this. Today seems more about what we can do to tame the viral beast, so lets focus on that. Read more.

COVID-19 is an unprecedented health scare, a time to focus on defence. We are NOT going through an unprecedented time in capital marketsinstead there are sale prices and discounts on stocks. Find out more.

CLOSURE OF ALL PARKSVILLE PLAYGROUNDS Until further notice, all City of Parksville playgrounds are closed to help prevent the spread of COVID-19 and encourage social distancing. Signage will be posted at the playgrounds as soon as possible. Our parks remain open for your use.

Leader of Strategic Development at Precision Wealth Management, Cliff Broetz, provides insight and encouragement to be steadfast and patient with investments during the global health crisis surrounding COVID 19.

Finding truth in reporting can be difficult, and media coverage of the Coronavirus is one such examplewhat can we believe? To help calm your frayed nerves, here is a superb TED Talk on the Coronavirus that appears to be truth...

Are you a parent or guardian of a child between six and nine years old? If so, dont be among the 40 percent of families who arent taking advantage of the the B.C. Training and Education Savings Grant. After all, its free money!

Congratulations to the beautiful couple, Jessi Broetz and Adam Morgan, on their recent nuptials held on January 4th in Maui. From everyone at Precision Wealth Management, we wish you a wonderful journey as you build your new life together!

In recent years, we have undergone rapid changes and growth, welcoming a generation of advisors to the team who bring fresh perspective and insights. Change often brings about other change. We are saddened to announce the departure of longtime advisor Stuart Kirk, along with our newest associate, Ron Hickey. They have chosen to depart, and this shall be effective March 1, 2020.

A potential coronavirus (COVID-19) pandemic has caused the equity markets to fall, with an increase in sell-offsan emotional reaction to world events. We look at this as a great buying opportunity, as market corrections like these can make it very attractive to enter at a lower price. (Reminder: RRSP contribution deadline is Mar. 2nd!) Click to read more about how this news may affect your portfolio.

Slower global economic growth has marked the beginning of a new decade. While there will always be uncertainty, it's notable that Canada has continued its longest economic expansion on record a great reason to look optimistically ahead!