Planning for Business Succession

Business owner

October 18, 2016

Q: As a business owner, why is it important to plan for business succession?

A: Most entrepreneurs are passionate about their business and get so caught up in day-to-day operations, they don’t think about what needs to be done if they ever had to stop working unexpectedly.

Many business owners have no plans to deal with contingencies in the case of an illness or a sudden death. A prudent exit strategy focuses not only on planning for the owners’ retirement, but also on making provisions for business continuation in the event the owner can no longer work or passes away.

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Do I have to Pay Mutual Fund Fees?

Mutual Funds Fees

October 4, 2016

Q: Will I have to pay fees if I invest in a mutual fund?

A: Expect to pay fees for your investments whether they are distributed through advisors, banks, credit unions or brokers. The fees associated with mutual funds may not be visible because they are often charged indirectly and are taken out of the invested funds periodically.

However, every fund is required to disclose its Management Expense Ratio (MER) as an annual percentage of the total value of your investment.

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