Crystal Mirkazemi

While the U.S. economy has become less sensitive to oil shocks compared to the 1970s, inflation remains persistent enough to keep central banks cautious. The Federal Reserve is not operating in a vacuum, it is responding to a system where inflation has proven more resilient than expected.

Leaders who view contingency planning as a living discipline regularly reassess risk, adjust strategies, and ask the critical question: “What happens if this assumption changes?”

Don’t think that 50 percent pension splitting is enough to fully split retirement income for you and your spouse. Is your employment and future retirement income expected to be significantly higher than your spouse’s? Or vice-versa? That’s when contributions to a Spousal RRSP could be a good idea.

Whether whispered in kitchen conversations, splashed across social media, or cited by worried friends, this “magic number” has become something of a myth.

Building wealth doesn’t have to be overwhelming. Think simple. Many people assume the government, CPP, OAS, or their company pension will be “enough.” The belief that someone else will take care of us creates comfort, dependance, and an unrealistic future.

Are income, gains, deductions, and credits working together — or working against each other?

It’s defined by attentiveness — recognizing early when culture erodes, trust fades, and people start compensating for systems that no longer support them.

This is why the question of how and when a policy is used matters less than how it was built. Whether a policy supports retirement income, business continuity, liquidity planning, or estate transfer, its underlying strength comes from the same principle: premiums are transformed into enduring value.