Search
Close this search box.

Single

Single
Running a single-person household has a unique set of challenges. Not only is there the emotional pain of separation, a new host of financial problems can arise.

Your other half is gone, and now the other half of the income is gone too. It’s like taking a 50% pay cut at work – except you have more responsibilities than ever before. The mortgage, groceries, and all the other bills still cost the same, but now you have only half of the money to pay them. If you have multiple children, juggling all of your time and energy can feel like an Olympic feat.

Successfully managing a single-person household involves recognizing the different priorities you now have. 

Some things you may have thought were optional before are now mandatory. Everyone knows how important life insurance is, but what about disability and critical illness coverage? This is something you may have waved off previously, but now, it becomes more important than ever before. If you suffer a serious injury, how will you take care of yourself or your children? Other health benefits may also become a priority. You may need help managing the financial issues of a divorce settlement or estate distributions.

Separation can feel overwhelming in every aspect of your life. 

A Financial Planner can help you with some critical financial details so you can focus on recovering from your loss.

Financial Plan

Many people will offer you advice on which investments to buy. But there’s more to your financial life than your RRSP. Estate taxes, income taxes and education funds for…

Income Taxes

Taxes are a fact of life. They affect every Canadian in most aspects of their lives. Whether it’s earning an income, making a purchase, owning real property, investing, running a…

Estate Plan

Many people assume that estate planning is only for the wealthy. So, it must come as a shock to the families of all the Canadians who die every year without a will..

Retirement Planning

For most Canadians, retirement is a major financial goal that requires considerable financial commitment. Whether you have already established a Retirement Savings Plan or…

Single – This is disclaimer text for SF Account paramount.advisornet.org