Tyler Hirsche
404 scenic Drive South T1J 4S3 Lethbridge, AB, Canada

By the end of the year you turn 71, the law requires you to close your registered retirement savings plan (#RRSP). When doing so, there are 4 main options you can choose from. You can: 1. Take it in cash 2. Purchase an annuity 3. Transfer it into a registered retirement income fund (RRIF)... 4. Some combination of the above Before you decide which way to go it’s best to get all the facts with the help of some expert guidance. Why? Because once you make a decision, it’s very hard to undo it.

Many people have the intention of one day writing out their will and estate plans but for whatever reason have put it off. There is no better time than now, when you’re healthy and sound of mind.

Did you know that deep breathing is one of the best ways to lower stress in the body? When you breathe deeply, it sends a message to your brain to calm down and relax. Here’s a quick step-by-step guide to help get you started.

Regular mental health assessments play a part in our wellbeing. Learn why mental health check-ins are important and how to get in the habit of it here. #LuminoHealthy #MentalHealth #Wellbeing

Wishing everyone a safe and happy Christmas. #HappyHolidays #Family

Reminder: March 1st is the deadline to contribute to your RRSP for the 2020 tax year. Now’s the time to think about contributing so you don’t miss out.

If one of your goals for 2021 is to purchase a home, there are some important rules you need to know first. #mortgage #protection

Do you have trouble seeing clearly while you’re driving at night? If so, you may suffer from night blindness. Here are some #tips to help you see better after dark. #LuminoHealth

The rush to provide emergency aid in the early months of the pandemic, led to some benefits confusion. As a result, more Canadians may need to repay the CERB before the end of 2020. Learn more here.

If you were to retire today, do you know how much CPP you would receive? Understanding your CPP Statement of Contributions can be difficult. Let me help! Contact me today.

Stressful situations come at us all the time. Understanding how to compartmentalize emotions can be an effective way to manage stress, as long as you don’t bottle them up completely. Learn more here. #LuminoHealthy

Looking to estimate how much life insurance coverage you need to take care of your family? Try this 2-minute calculator today. @SunLifeCA #insurance #planforthefuture

The CRA is sending letters to anyone who received CERB payments twice and asking them to repay by December 31st.

Our mental health affects every aspect of our lives and practising self-care and checking in on ourselves is of the utmost importance. I encourage you to do a mental health checkup to make sure you’re taking the best care of yourself. #MentalHealth

If becoming debt-free in 2021 is a resolution of yours, starting early is a great idea. Here are 5 expenses experts say may be worth cutting out in order to help eliminate your debt. #goals #personalfinance

Hope you are all doing well. With all the news going on around the world, and stresses in everyone’s lives at this time I wanted to send out an update to help ease your minds around the market ups and downs over the past week. The media is dominated with increasing Covid-19 cases and comments around the US election. These events are important and make good news but they are really just short term events. If you look at things from a longer term perspective the short term ...news doesn’t actually matter as much as you might think. The world will eventually get past this pandemic and the US election will come and go. Financial markets move up and they move down in short periods but over the longer term they always move higher, so don’t stress about the short term events because we know if we are patient things will move higher. Look at what happened earlier this year, the markets got hit by early Covid-19 news but if you just waited a month or two they recovered. I have been through many market ups and downs over my 18yr career and can tell you that staying the course is the best option. I have provided some comments below and also some attached material for you to read which supports my thoughts. Also, please watch the attached video clip from Sadiq Adatia fund manager with SLGI Global Investments. In this economy some parts of the market are finding it hard like travel and leisure but some parts of the economy like technology are benefiting big time. In an economy like this it is important to have expert money managers making the decisions. Each of you has the backing of global money managers leading your investments so you have no need to stress. Please let us know if you have any questions or concerns. I am available through email or phone so please don’t hesitate to reach out to me and my team. Thanks and stay safe. https://www.bnnbloomberg.ca//recommending-a-barbell-strate See more

Consolidating your savings into one place can make managing your money easier. It can lead to less confusion, stress and may even mean more money for retirement. Check out this great video to learn more. #SunLifeCA

It’s a common misconception that our government health insurance will cover all of our health-care costs. There are a lot of expenses that might not be covered if unexpected health changes occur. That’s why it’s important to have continued protection in every stage of life. Need help choosing the right plan for you? Contact me today.

Last week the government began accepting applications for the Canada Recovery Benefit (CRB). Given that it will likely be the primary benefit available to workers not eligible for EI, here’s what you should know.

A change in season is an ideal time to develop new heathier and more productive lifestyle habits. The cool, crisp air represents a fresh start so why not start now? Here are some great reasons to make your resolutions in the fall instead of waiting until January.

Feeling anxious about the #holidays? A registered psychologist has #tips for getting through the season in the era of #COVID-19.

RRSP season has passed but that shouldn’t mean you’re done saving for the year. Regular contributions to your savings accounts is one of the best ways to grow your money. #saving #money

Wanting to build an emergency fund but aren’t sure where to start? Here are 5 simple guidelines when it comes to saving for the unexpected. Have questions? Reach out to me today.

Chances are you know someone or have a family member who has required long term care due to an accident or illness. Having financial protection in place will help relieve some of the stress put on loved ones and help ensure your needs are taken care of. Learn more here. http://bit.ly/LTCISLF

Consuming too much negative news can impact our physical and #mentalhealth. Here’s why #doomscrolling is bad for you and how to stop. #LuminoHealthy

Too many people make the mistake of thinking that they just need to earn more money in order for them to save. That isn’t the right mindset. The best formula for getting out of debt is to change your habits. Here are 6 important tips to help get you started. #personalfinance #budget

If you deferred your mortgage payments in the wake of COVID-19, the 6-month waiver ended September 30th. If your mortgage payments are starting back up and you’re not ready, here are some options you could try.

There’s an old saying: an ounce of prevention is worth a pound of cure. This is a good reminder for us that it’s better to get supports in place sooner rather than later. If you’re caring for an important senior in your life, here’s a list of providers that can assist them with their health and wellness. #luminohealthy #health

Since the TFSA was introduced over 10 years ago, 60% of Canadians have opened one. As simple as this account may seem there are a few restrictions to be aware of. Making mistakes could end up being costly. #TFSA #Save