What Should I Do with My Tax Refund?

This time of year, I find that one of the most common questions my clients pose is what they should do with their tax refunds. With so many tempting options like finally taking that long-awaited vacation or taking on some home renovations that are long overdue, it may be difficult to stick to focusing on your long-term financial goals. So, given the push/pull of the economy and your well-deserved desire to enjoy the tax refund windfall today, how can you achieve some balance? And what’s the best way to use your tax refund to keep you on-track for the future? A few tips from the Globe and Mail’s article echo some of the advice you may have read here at Lowrie Financial’s blog in “What to Do with Excess Cash?”. These tax refund tips might be helpful to assist you in achieving that balance:

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2021 Year-End Insights from An Independent Financial Advisor

Yet another year of your careful financial planning process has been disrupted by the pandemic – or has it?
These uncertain times have impacted our work, life, mental health, and financial security. However, if you have been reading my blog posts this year (and even further back), you will likely know the key to weather market storms: setting goals, making plans, and maintaining a focus on ongoing financial planning, without jumping off course as a result of ever-volatile markets (and world events).
Let’s look back at some of the most popular blogs of 2021 featuring this independent financial advisor’s musings…

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