The Drake Group at RBC Wealth Management

Your business built your wealth. But is your wealth strategy built around your business?

Many business owners pour everything into growing the enterprise, and that's what makes them exceptional. But when personal finances and business strategy live in separate worlds, opportunities get missed. The most beneficial approach? A single, cohesive plan that connects your business growth to your family's financial future. One strategy. One team. One conversation that ties it all together.

That's how you move from building wealth to building a legacy.

Successful wealth transfer is about making sure beneficiaries understand what they may receive and how their inheritance can be used for generations to come. It’s important to be prepared well ahead of a wealth transfer.

Download our free wealth transfer guide.

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If you're over 60 and your retirement plan is in solid shape, not every financial decision needs to maximize investment returns. Sometimes the best "returns" come from peace of mind and a bit more joy.

This article highlights four moves worth considering:

1. Tackle big expenses while still working
That new roof or car replacement? Do it now so you won't have to pull from your portfolio in early retirement.

2. Pay down your mortgage
The math might not always favor it, but I've never met anyone who regretted entering retirement debt-free.

3. Build liquid reserves in a taxable account
Less tax-efficient than retirement accounts? Yes. But the flexibility is worth its weight in gold.

4. Splurge a little now
Take that big trip. Invest in experiences you've been putting off. You're still earning income and healthy enough to enjoy it—timing matters.

Here's what is worth noting: If your numbers are good, it's okay to shift some focus from pure optimization to actually living the life you've been planning for.

Over 60? These 4 Financial Moves Might Offer Your Best ‘Return’ on Investment If your plan is in good shape, you can put more weight on allocating to decisions that deliver a psychological return rather than a financial one.

Fraud prevention continues to be top of mind for our team especially with tax season going on. Over $50 billion in scam losses have been reported to the FBI during the past five years. Follow our guidance to help recover from fraud.

Source: FBI Internet Crime Report 2024

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Bigger tax refunds in 2026 could mean a major boost for the economy. Learn how this extra cash in consumers' pockets might fuel spending, drive retail growth, and stimulate GDP.

Bigger tax refunds are coming for 2026 — what it could mean for the economy Bigger tax refunds could be coming in 2026 due to changes enacted in President Donald Trump's "big beautiful bill." Here's how it could impact the economy.

One of the biggest retirement risks? Skyrocketing healthcare costs. From unexpected illnesses to long-term care needs, medical expenses can quickly drain savings. Plan ahead by estimating costs, exploring insurance options, and building a dedicated health fund. Don't let healthcare derail your retirement – start preparing now.

The Hidden Reason So Many Retirees Run Out of Money Plus, how to plan ahead so it doesn't take you by surprise.

Now is an ideal time to consider year-end strategies that may benefit you and to plan for the year ahead. This year-end checklist can help with your planning.

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It's National Fraud Awareness Week, and we here at RBC Wealth Management want to remind you to be vigilant in protecting your financial well-being. According to statistics from the Association of Certified Fraud Examiners, organizations worldwide lose an estimated 5% of their annual revenue to fraud. A single instance of fraud can have devastating consequences.

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Did you know married couples can split gifts, enabling you to give more? September is a great time to review gifting strategies, estate plans or trusts. As the year winds down, make sure your plans still reflect your goals, and your loved ones’ needs.

Planning for college? A new tax bill could impact your education savings plans! Learn how proposed changes might affect your strategy.

'One Big Beautiful Bill' expands 529 plans. But are there better options? 'One Big Beautiful Bill' makes 529 plans more flexible, some skeptics say the education savings plans still may not be worthwhile for some. Here's why