What's new with Advocis Greater Vancouver? Find out below in our April Newsletter! - Upcoming events and news (including a "Save the Date" for one of our flagship events as well as the Okanagan Eduvacation)
- Membership Minute: maximizing the value of your Advocis membership
- "Did you know?": Test your time value of money skills
- *New* Book of the month recommendation
Please respond to this email directly if you would like something covered in future editions of the Newsletter. Enjoy! |
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Save the Date for Western Canada’s Premier Conference for Estate Planning Professionals
For over 10 years, the Greater Vancouver Advocis Chapter has put on this prestigious event for financial advisors, accountants, lawyers, estate planning specialists and others who make up this important industry.
Date: Thursday October 19
Venue: The Paradox Hotel (in-person and virtual online attendance)
Click the button below this event to your calendar:
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Watch the video from last year's Estate Planning Summit: |
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| 2022 Estate Planning Summit |
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EduVacation: Advocis Okanagan School
New Revamped sessions with amazing guest speakers A "Vacation with Education" on the shores of Lake Okanagan in Kelowna, BC |
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Upcoming Greater Vancouver Events |
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Advocis Community Mixer DATE & TIME: April 26, 3pm to 5pm LOCATION: FREE BIRD TABLE & BAR ADDRESS: 5991 Alderbridge Way Richmond, BC Please join us on Wednesday April 26th for some casual networking hosted by the Advocis Technology & Innovation Committee and the National TFAAC Board of Directors. (The Financial Advisors Association of Canada) We'll be welcoming local Advocis Chapter members, tech enthusiastic financial service representatives, current and prospective innovators, influencers and technology companies (fintech or industry complimentary services).
Mark your calendar! |
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Have you signed up for the Advocis Find an Advisor service? |
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Membership Benefits As an Advocis member, there are no shortage of benefits you receive. For a comprehensive list of how you can get the most out of your membership, click the link below:
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| Test your knowledge
We regularly face questions about retirement as the baby boomers are rapidly entering into this phase of life.
Understanding the time value of money allows the planner to identify issues, interpret results, explore alternatives, and counsel a client on appropriate planning strategies.
Using your financial calculator, can you solve this retirement question?
Jessie and Ian Scott want to retire in a few years when Jessie turns 61 and Ian is 65. They want an income of $66,000 at the beginning of each year and to be able to maintain that level of spending until Jessie turns 90. They are willing to draw on their capital. Assuming an interest rate of 7.5% compounded annually throughout their retirement, how much must the Scotts save by the time they retire in order to achieve their objective if they ignore inflation?
a) $779,485
b) $837,945
c) $771,947
d) $829, 843
Scroll down for the answer
Congratulations, you are correct if you selected D
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This month as my first newsletter as the communications chair I thought I would bring to you the book of the month. Finding the time each day to read 10 pages of a book on self development is a great way to enhance your knowledge. One of the recent reads I would recommend is Life of Purpose. Understanding more on this subject matter from different angles adds great perspective into your life and how you can live it.
"A pioneer in the field of behavioral science delivers a groundbreaking work that shows how finding your purpose in life leads to better health and overall happiness."
"Illuminating, accessible, and authentically grounded in real people’s experiences, Life on Purpose is essential reading for everyone seeking lasting improvement in their lives."
If you would like to recommend a great book, please email and let us know your best reading material: greatervancouver@advocischapter.ca
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