Daily Business Banking
4 min read

What should I do with my investments?

By Linda Larouche on May 7, 2020 12:25:34 PM

The global pandemic has changed our lives. As we stay home and adjust our lives to suit our new physical and financial realities, many of us are wondering about our financial future. Every week I hear from Members asking important questions: What will happen to my investments? How can I plan for life after the COVID-19 crisis? The good news is you can plan for life after the pandemic.

Topics: Financial Advice Investing Financial Planning
3 min read

Living with your investments and yourself post-retirement

By Trevor Lagerwerf on May 26, 2019 5:19:50 PM

At PenFinancial, we know that retirement is both a goal and a destination. I meet many people that have planned for how to get to retirement, but have no idea what to do with their finances or their time when they get there. They struggle to answer when I ask what their plans are for retirement. Some say they’ll enjoy staying home every day. It may sound great for a while. Lounging in your robe and not having to deal with coworkers is great. But what happens when you start to go stir crazy? What happens when you want more from your retirement? Staying home every day isn’t as great when you don’t have enough money to do anything…or any idea of what you want to do.

Topics: Saving for the Future RRSP Investing Financial Planning
3 min read

Curveballs and dreams: Investing in your pre-retirement years

By Trevor Lagerwerf on Apr 25, 2019 10:16:07 AM

As a kid, I thought that hitting a baseball would be easy. Until I tried to hit a curveball. I wanted that homerun. So I had to learn how to adapt to the ball that was thrown at me. Then I had to learn how to hit a fastball. With each pitch, I learned it wasn’t about just hitting a baseball, or avoiding being hit by that baseball! It was about hitting the baseballs I was thrown. And running the bases with all my heart.

Topics: Retirement Planning Financial Advice Investing Financial Planning
5 min read

Learning and becoming involved: How to be an empowered young investor

By Trevor Lagerwerf on Mar 30, 2019 4:12:39 PM

Ben Franklin said, "Tell me and I forget. Teach me and I remember. Involve me and I learn." When I found that quote I realized something: it sums up PenFinancial’s wealth advising nicely, especially for young investors. We offer a personalized education to empower you and help you achieve your dreams.

Topics: Financial Literacy Personal Budget Financial Advice Financial Planning
4 min read

So, what exactly is a Wealth Advisor?

By Trevor Lagerwerf on Feb 7, 2019 1:17:27 PM

The banking world is full of helpers and specialists. Member Services Representatives. Financial Services Specialists. Wealth Advisors. The list goes on. Who are these people and what do they do? Well, that depends where you go!

Topics: Financial Advice Financial Planning
3 min read

Building blocks for your future: Learning to invest in your 30s

By Chris Heckley on Apr 10, 2018 7:26:08 PM

Welcome to your 30s! You’ll be spending less money on fun and more money on necessities. You’ll be spending less time with friends and more time at work. Your 30s are a time defined by one thing: change.

Topics: Saving for the Future Personal Budget Financial Planning
5 min read

Cold feet and a warm financial plan

By Catherine Palmer on Oct 13, 2017 1:26:08 PM

Millennials. Gen-X & Y’ers. Baby boomers. Canada is a mosaic filled with diverse cultures and multiple generations of wisdom. I was reminded of this recently when a member met with me to plan for her joint finances with her common-law husband. Did you automatically picture a young person sitting across from me? Bright-eyed and rosy cheeked and damned if she was going to make the same mistakes as her mother? You’d be wrong. Debbie was a 56-year-old divorced woman who had “shacked up” with her new partner, Ron, a year earlier. It seems that millennials aren’t the only ones skipping the walk down the aisle these days.

Topics: Financial Planning
5 min read

Holiday gifts that keep on giving

By Catherine Palmer on Dec 19, 2016 10:16:47 AM

I believe in social responsibility and values. As a credit union employee, I get to put those values into action every day. I help members achieve their financial dreams.  I educate and empower my community. I get to skip through rows of pine trees and chop down the best Charlie Brown tree to decorate my office. Ok, that may not be a credit-union sanctioned activity, but it is fun!

Topics: Managing Debt Financial Planning
3 min read

Investing 101: Explaining the magic

By Trevor Lagerwerf on Jul 26, 2016 4:40:29 PM

Investing: [verb] confusing process involving magic and midwifery, in which your money is swept away today with the hopes of producing more money in the future. See related terms: dreams, confusion, fees, retirement, and future.

Topics: TFSA RRSP Investing Financial Planning
5 min read

Hawks, vultures, elephants, oh my: Predatory lenders vs. credit unions

By Christian Baranowski on Jun 1, 2016 12:35:38 AM

It happens to the best of us: poor credit. It isn’t hard to develop. One unpaid $100 mobile phone bill and 4 years later, and your credit history is poor enough to make a banker shut their laptop so fast it blows your hair back. No loans for you. No mortgage.  No line of credit. No further questions.

Topics: Financial Literacy Personal Credit Managing Debt Financial Planning