Financial Planning for Beginners

It is easy to get excited about starting your career and enjoying the fruits of all your labour. When you are first starting out, you can quickly become entrapped in buying new items like clothing, cell phones, cars, even a home. Now is not only a perfect time to enjoy your youth, but it is also a very good time to take advantage of the years ahead in your financial future. Read more

What is the Right Type of Insurance for Every Age?

Having insurance is a lot like carrying an umbrella – even if you do not need to use it all the time, it is handy to have when inclement weather occurs. Many Canadians fail to have the proper coverage for the season of life they are currently in. Your life situation may differ from your neighbour’s, but having the right insurance at the right time can ease the financial burden of when problems arise. For example, you may not need the same life insurance coverage when you are first married as you do when you add children. Whether you are in Calgary, Medicine Hat, or Brooks, at TSG Insurance & Financial Services Ltd., we understand the different seasons you will go through. We can help you find the right coverage and provide insurance quotes for your life situation.

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Empowering Families through Gardening at the Medicine Hat Food Bank

As the adage goes, “Give a man a fish, and he will eat for the day. Teach a man to fish, and he will eat for a lifetime.” We strongly believe in this at TSG Insurance. We are committed to supporting the communities in Calgary, Brooks, and Medicine Hat. Recently, our team volunteered at the community garden and food bank in Medicine Hat. We are honored to be able to support families by teaching basic gardening skills and give them the tools they need to create a sustainable food source. While our commercial role is to provide insurance services, we strongly support and engage in outreach activities that help our communities with financial planning and achieving independence.    Read more

Christmas and Alberta Insurance

insurance coverage in albertaChristmas is a season of celebration, giving to your community, and of course, gifts. It can also be a season filled with family perils, and perils for your family. Because of these perils, and to minimize your risk of falling victim to any number of them there’s Thomson Schindle Green (TSG) Insurance Company.

TSG Insurance is a full-service, independently-operated insurance brokerage company that provides insurance policies from maximum to minimum coverage to meet your individual or business needs.

Statistics from The Royal Society for the Prevention of Accidents (RoSPA) prove Christmas is one of the most dangerous times of the year, emphasized by 1,000 people each year suffering Christmas tree related injuries and 350 being injured by twinkling lights.

Other risks include fire from those lights and festive decorations, candles including menorahs, and chimney fires so have your chimney inspected by a professional and cleaned if necessary – and be careful. Ice and snow can weaken trees and damage roofs, so be aware and take steps to mitigate the risk. Read more

Financial Planning for Retirement in Alberta

The Globe and Mail reported in February 2016 that “Half of Canadian couples between 55 and 64 have no employer pension between them, and of those, less than 20 per cent of middle-income families have saved enough to adequately supplement government benefits and the Canada/Quebec Pension Plan,” according to a Broadbent Institute report.

The article goes on to note that the “Canada Pension Plan pays out a maximum $12,780 a year. But many retirees don’t qualify for the maximum – the average CPP payment for men last year was $7,626 while the average for women was $5,922. Seniors also collect Old Age Security payments to a maximum of $6,839, while the poorest seniors can collect the Guaranteed Annual Income.”

An Ipsos-Reid survey done for the Chartered Professional Accountants of Canada (CPA-Canada) reports that 25 percent of their respondents have never made a savings contribution and 29 percent said they had no money left over to save after paying expenses. Particular problems today include debt; a lack of pension provision; wanting to support children through education and beyond; caring for parents; and, for wealthier people, inheritance tax. When it comes to financial planning, the main issues remain pensions, mortgages, wills, and life insurance. Read more