Richard Rhodes - Sun Life Financial advisor

Have you done the math on your mortgage payments when rates do start to increase? Let’s do some math.

For the average mortgage of $371,584, a homeowner with a variable rate of 1.5% and a 25-year amortization, is currently paying $1,485/month.

If the Bank of Canada increases rates by 175 basis points that rate would increase to 3.25%. That equates to a monthly payment increase of $322/month to $1,807.

Don’t wait to review your finances. Let’s start looking at the future today.

How interest rate hikes could affect your mortgage payment With the Bank of Canada's key interest rate target expected to rise this year, experts point to the cumulative impact this will have on Canadian homeowners, particularly those with variable-rate mortgages.

Spring break is coming. As restrictions are being rolled back, many of us are hoping to get away for a much-needed vacation. Before you book, don’t forget to check your travel insurance. Be sure to check for COVID-19 related cancellations, and the so-called quarantine coverage should you test positive while away.

How to navigate travel insurance ahead of spring break - BNN Bloomberg Canadians looking to get away for spring break now have a more robust range of travel insurance options.

Hoping for a happy, successful retirement? Sure you are!

Here are 3 tips that will help you live your best life in retirement. Give a 👍 if you think you’re on track to your happy retirement. Click here for the full top 10 tips: https://bit.ly/happyretirement1

March is Fraud Prevention Month. To help increase awareness I want to bring attention to investment fraud.

Investment fraud happens when someone tricks you into investing money into a fake investment opportunity. It can also be when someone lies or provides fake information about a real investment.

When it comes to your make sure you’re always doing your homework first. If it sounds too good to be true, it most likely is.

Protect yourself against investment fraud - Investor Centre You can take steps to protect yourself and your loved ones against investment fraud. What is investment fraud? Has someone ever talked to you or e-mailed you about an investment that sounded too good to be true? If they used terms like “high return”, “no risk” or “one-time opportunity” t...

When transitioning into retirement knowing what makes you happy is key to living your dream after your working years.

I want to know, what does happiness in retirement look like to you?

Happy Retirement Living Requires These 5 Traits People often transition smoothly into retirement and enjoy their new lives right away. However, some people have a more difficult time settling into retirement than their peers. It’s even possible...

Are you trying to keep up with the Joneses?

Comparing ourselves to others is a side-effect of social media. It has a great way of making you feel like you’re not living your own best life by comparison. Trying to keep up is due to the fear of missing out, FOMO, and can cause us to wreak havoc on our bank accounts and our mental health. During this time especially we need to make sure we’re not causing ourselves undue harm. Remember, social media is just a presentation, not a snapshot of reality. It's a carefully curated slice of life. Make sure you do regular mental and financial check-ins with yourself. If you need any guidance on your plan, I can help.

What is FOMO and how can you stop it from messing up your finances? (audio) Is social media making you feel like you’re not living your best life? Sadly, FOMO may be putting a strain on your wallet. Listen to hear what you can do about it.

My thoughts are with everyone affected by the conflict in Ukraine. To help support immediate and ongoing humanitarian relief efforts, including supporting those that have been displaced, Sun Life is donating $200,000 to . https://sunlife.co/3SLNews1