Whether you get married or become single, any change in your marital status usually affects your financial life – even including your mutual fund investments.

Here are just a few examples of investment decisions you may face, but there are many others. So please reach out to us if your marital status ever changes.

Getting married. Should you and your spouse have different investment risk tolerances, you’ll want to manage the conflict when you share the same financial goal. We can help either by enabling each of you to maintain your risk level with your current mutual funds or by finding a compromise that suits both of you.

If you’re in different tax brackets, you may want to open a spousal Registered Retirement Savings Plan (RRSP), which can potentially help you save tax as a couple during retirement.

Dealing with divorce. After dividing assets or beginning to pay spousal or child support, a common situation following divorce is having a shortfall in retirement savings. One person may want to invest in low-risk mutual funds to safeguard what they have, while another could be tempted to choose higher-risk equity funds to get back on track. We can help you reset your retirement savings goal and invest in a way that balances capital preservation and growth potential.

Remarrying. New financial goals often call for changes to your investment strategy. Remarriage may involve a different projected retirement date, new retirement plans and an estate planning need to provide for your new spouse and children from your previous marriage.

Becoming widowed. If a spouse passes away, the widowed spouse may receive rolled-over mutual fund assets from their spouse’s RRSP or Registered Retirement Income Fund (RRIF) to their own. We can help out because this one transaction can lead to changes in their asset allocation, monthly income plan, tax minimization strategy and estate plan.