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This is a continuing blog in the series Millennial Parents’ Guide to Financial Planning for Children. My father always told me: “If you’re going to spend your time thinking, you might as well spend it thinking big.” While I am President of insuranceforchildren, I still advise and manage investments of two-dozen successful […]

Millennials Parents’ Guide to Financial Planning for Children By Michael Lampel It’s Christmas Day 2016. The stockings are resting against the fireplace hearth, filled to the brim with toys and treats. I patiently watch as my four-year-old baby girl rips open the shiny red paper concealing the latest toy all kids are […]

In Our Continuing Series Of Millennial Parents’ Guide to Financial Planning For Children By Michael Lampel I recently went to an open house with my wife to look at what $1 million would buy today. What I saw made me seriously concerned about our daughter’s future. A four-bedroom house with two bathrooms […]

Typically I begin by asking parents what they believe is an RESP (Registered Education Savings Plan)? Every parent automatically and without hesitation replies that it’s an education savings plan for their children’s future education, where the Government gives them 20% of whatever they deposit to their children’s education savings plan.

When I went to university, the cost for four years of tuition totaled $20,000. And that’s not including books, rent or other living expenses. Like most of my friends, I relied on student loans and odd jobs to get through university. My husband, on the other hand, was fortunate. His parents managed […]

How Canada Child Benefit Will Pay Dividends For My Daughter’s Entire Life. Millennial Parents’ Guide to Financial Planning by Michael Lampel I’d like to begin by thanking our Prime Minister Justin Trudeau for thinking outside the box for ways to help our children succeed in the 21st century. Rather than continue rehashing […]

Millennial Parents Guide To Financial Planning For Children How much different would your life be if you were able to live free of debt? For millennial and gen-x parents, debt was almost a given when we were growing up. Our parents were unable to predict the rise in tuition costs; therefore student […]