As the U.S. election fast approaches, the news services—both mainstream and on social media channels—continue to funnel information intended to inform and skew voters’ opinions. Even outside the United States, much of the news is dominated by election coverage. For whatever reason, we are fascinated with the political coverage and the personalities running for office (if you know what I mean)! The truth is that, as foreigners, we should be concerned because of the dominance that the U.S. plays globally. Below are a few statistics that may make your head spin or not, but they are important.

You may have been advised to transfer your Individual Retirement Account to a Registered Retirement Savings Plan. This misguided advice is usually a terrible mistake! You may keep and maintain your IRA when you become a Steele Wealth Management client. There is no need to collapse your IRA. There is no need to transfer your IRA to an RRSP. Transferring your IRA to an RRSP is not necessarily in your best interest.