Confusion About the Tax-Free Savings Account

Posted on June 18, 2012 by Rick

It appears that some confusion has developed over the Tax-Free Savings Account (TFSA). Much of the problem may be directly attributed to the name. The word “Savings” seems to imply for most people that the TFSA deposit must be made into a guaranteed interest account. Data collected from Investor Economics reported that as of June 2011 more than $54 billion has been deposited into TFSAs. And as of March 2011 almost 85% of this amount has been placed into daily and term deposit accounts, earning almost no interest.

There is not much tax being saved with interest rates hovering around 1%. And there is not much growth being accumulated for the investor. But maybe this is the goal of most TSFA investors. No, I don’t think so. I don’t think that 85% of TFSA investors wanted such a low interest rate. They were trying to do the best possible with the information they had, but the options were not provided.

The reality is that the TFSA is much like the Registered Retirement Savings Plan (RRSP). These accounts can hold many different types of investments including mutual funds, stocks, bonds and yes, interest bearing accounts. Yet 85% of TSFA investors have opted for an almost non-existent return. Maybe this scenario would have been different if the name had been Tax Free Investment Account. But that’s not going to change so the next best thing to do is educate yourself on your options.

The investment option is not the only area of confusion. There is also confusion regarding the portability and transferability of TSFAs. Yes, you certainly can transfer from one investment to another. This can be done within the same institution or between institutions. The problem is that there is a process set out by the government to complete these transfers. You must follow the correct procedure and sign the appropriate government-approved paperwork.

You cannot simply withdraw your TFSA money from one institution and then walk down the street and deposit your money back into another TSFA at another institution. This is considered a withdrawal from the first institution and a new deposit at the second. When you withdraw money from your TFSA, you cannot make another deposit until the next calendar year unless you have available contribution room. If you don’t have the room then you are considered to have over-contributed and are subject to a penalty tax of 1% per month. There are currently thousands of Canadians in this tax penalty situation.

If you are looking to broaden your investment options within your TFSA you may want to seek professional advice. The TFSA should become part of your overall financial plan. You must integrate this unique savings vehicle into your plan along with other programs such as RRSPs and pensions. The ultimate objective of course is to achieve your financial goals. Speak to your advisor about your options. If you don’t have an advisor you may want to get one. Their job is to recommend investment options to meet your goals, within your risk tolerance and in the most tax efficient manner.

The foregoing is for general information purposes and is the opinion of the writer. This information is not intended to provide personal advice including, without limitation, investment, financial, legal, accounting or tax advice. Please call or write to Rick Sutherland CLU, CFP, FDS, R.F.P., to discuss your particular circumstances or suggest a topic for future articles at 613-798-2421 or E-mail rick@invested-interest.ca. Mutual Funds provided through FundEX Investments Inc.

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The Ultimate Money Test

Posted on April 26, 2012 by David Boyd

Do you have a good grip on your financial situation? Are you prepared for the future and whatever it throws at you? Just how much do you think your net worth is right now? If you don’t know the answer to these questions, there is no better time than now to find out!

Thanks to the Ultimate Money Test from the team at CreditCardCompare.com.au, an Australian credit card comparison website, you can assess your current financial situation while also ensuring that you are on the right path to a better future.

The questions that you answer throughout the five-minute test are related to your knowledge of personal finance as well as your thoughts on a variety of subjects. Once the test comes to an end, you are given two scores:

  • Knowledge, outlook, and attitude
  • Behaviour and actions affecting your likelihood of having much money

The higher you score the better understanding you have of your personal situation and the financial world as a whole.

What types of questions will you be answering? Don’t worry – there is nothing on the test that is going to throw you a curve. Here are just a few of the questions/statements that you are asked to answer:

  • “I really don’t care how the banks use my money so long as I can withdraw it when I go to the ATM.”
  • “Having children is expensive.”
  • “When possible I save money by using coupons and vouchers, buying items on sale and getting offers from sites like Groupon.”

With each enquiry, you are given four options for an answer: strongly disagree, disagree, agree, and strongly agree. It’s very straight forward and doesn’t take very long. Some of the questions are also quite funny, my favourite being: “The Deputy Finance Minister of Nigeria emailed me for help to get money out of his country. If I give him my bank details and send $1,000 to his wife he’s promised to reward me with $1,000,000 tax free! It seems legit.”

Don’t worry if you take the test and are disappointed with your scores. There is plenty of information to help you get back on track. Some of the tools offered at the conclusion of the test include a credit card finder; bank fees and rates finder; balance transfer calculator; credit card debt payoff calculator; a savings goal calculator; and last but not least, a free downloadable guide to getting out of debt.

As you answer the 40 questions on the Ultimate Money Test, you will begin to get a better understanding of your finances, outlook on the future, and personal preferences. There is always room for improvement, so make sure you take note of your results and perhaps start to think about changing some habits. By making just a few changes, you can quickly improve your situation. And that is, after all, what the test is all about!

David Boyd is the co-founder of credit card comparison website CreditCardCompare.com.au and editor of The Credit Letter blog. He writes about how to choose the best credit card and how to use cards responsibly.

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Budgeting & Saving Advice for Working Mums

Posted on March 22, 2012 by Guest

Look around your friends and colleagues and you’re unlikely to find a working mum with plenty of spare time and money. There may be little they can do to increase the actual amount of either, so what counts is making the most of the time and money that are available. With that in mind, a few tips…

Be birthday-minded

If you’re a working mum, you probably pride yourself on finding the ideal gift for Christmases, birthdays and other occasions – and on doing so without breaking the bank.

A great way to do that is simply to think ahead. By keeping your eyes open all year round, you could seriously increase your chances of finding presents that your offspring will really appreciate. And without the time pressure, you’re less likely to end up buying expensive gifts because your busy schedule only gives you 48 minutes to find something.

Debt and savings – get the balance right
Do you have savings? Debts? Both?

Obviously, the higher your savings and the lower your debts, the better off you’ll be financially. But different people need to go about achieving that in different ways.

If you’re carrying debts, it generally makes sense to pay them off before you try to save up. Debts usually come with much higher interest rates than savings, meaning they’ll grow faster, so if you have any ‘spare’ money on a monthly basis, consider putting it towards your debts. That minimum payment on a credit card is a minimum; you can overpay by as much as you like each month. And the faster you reduce your balance, the less you’ll pay in interest.

That’s all very well if you have spare money in the first place. But what if you haven’t? If you can’t even afford your minimum payments, it’s important to let your lenders know that, so they can help you find a realistic way of repaying the money you owe.

Article by Think Money.

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Finding Unclaimed Money: What Happens to Checks You Never Receive?

Posted on February 24, 2012 by Sam Mauzy

There is rumored to be billions of dollars unclaimed each year. Sometimes these funds come from unclaimed deposits, failed credit cards, abandoned bank accounts or even unclaimed pensions.

Finding this money can be a bit tricky, but you can do it with a little due diligence. It might even be worth a look if you just suspect there is money out there owed to you, as you never know how much it might be. For example, if the money was sent as a check, and the check was no longer valid after 90 days, the money may have been returned to the sender and you would have to track down the funds on your own. Below are five common sources of unclaimed money that are worth investigating.

Unclaimed Deposits

In the USA, each state typically runs its own database when it comes to companies that have held deposits for accounts. By running a search through your state with your name, or any last name you previously had, you should be able to find monies owed to you. There are a few not-for-profit organizations that can help you find the links to the proper site and start you on your search for missing funds.

Failed Banks

Banks are typically insured by the FDIC. If you did not go through the process of claiming your money when your bank failed, your funds are being held by the FDIC. You can go to the FDIC website and run a general search to find out if any money is owed to you and if so how much. The filing process can be a bit cumbersome, but in the end can lead to the return of your monies.

Failed Company Pensions

The Pension Benefit Guarantee Association handles all pensions from companies that went under. If your company was bought out by another company or still exists, then you must go to the company directly to find out about any pension benefits due to you. If not, you can go to the PBGA website to start your claim to find out the status of the failed company’s pensions and where to start the filing process.

Retirement Money

The Employee Benefits Security Administration is a Federal agency that oversees retirement money and forwards that money to the rightful owners. This department of the government can sue companies to seize retirement money to make sure workers receive the monies owed to them. By gong to the Employee Benefits Security Administration website, you can start the process of finding out the status of your retirement money.

Abandoned 401(k)s

There is a search engine designed to help people find missing 401(k)s. Sometimes when a person leaves a job they do not take their 401(k) with them. That means the money in the account just sits there. Even if you stop contributing, you do not lose the money already in the account. You might lose some of the money put in by the employer, depending on when you were fully “vested,” but you never lose your contributions to the account. If the company is still in business you should be able to get the information directly from the company but if not, you can use the search engine to track down the money.

According to the law of most states, you will get unclaimed money only if the funds are listed in your name, though some individuals may have access to unclaimed money if they have evidence that they are the surviving relatives of deceased people whose names bear the unclaimed funds. When making claims, you only need to have the necessary paperwork processed, prove your identity, and in some cases, show the death certificate of the deceased person.

Sam is a financial blogger working with Wonga, a company that provides short term loans. When not blogging about finance, Sam can be found trying to avoid the heat in Phoenix.

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The Death of Old Age Security

Posted on February 21, 2012 by Rick

Today’s retirees were born into a world of entitlement in which the employer, the union and the government provided a defined-benefit retirement plan and financial security from cradle to grave. This scene is changing fast. As Canadians age we are seeing this social safety net being dismantled. Corporations are declaring bankruptcy to avoid their obligations to the next wave of retirees. Governments want to make changes to the public retirement programs. And we probably have not seen anything yet.

The Harper Government recently began its rhetoric on the subject of making changes and reforming the Old Age Security (OAS) benefit. Supporters claim the OAS program is the yellow brick road to follow the same path as Greece. Opposition politicians claim it is an attack on defenceless and low-income seniors. Grandma will be tossed out onto the street if changes are made to OAS.

So what does all this really mean to the average Canadian? Demographics tell us that the government will be under a great strain to maintain this unfunded government program. Unlike the premium-based Canada Pension Plan, the OAS is entirely funded from the taxes we pay.

Today, the cost to Canadian taxpayers is about $40 billion per year. The first wave of the baby boom generation is about to become eligible for the OAS benefit. It is estimated that the cost to the Canadian taxpayer by 2030 will increase to about $108 billion.

The federal government has already announced that the OAS is unsustainable and in need of reforms. But they must first figure out how to communicate the changes to us. They must tell us how the reforms will work, who will be affected, and when the changes will come into effect. Until this message can be effectively communicated, the changes will have to wait.

We are not sure when or how this debate will end. We can only speculate what this means to average Canadians. There will definitely be a shift in expectations about entitlement. For many it means new financial planning skills will have to be learned and practiced. Canadians must become more self sufficient and less reliant on the government and employers for funding their retirement.

A greater dependence on personal savings will be required to fund our retirement in the future. This will require a better knowledge about investment options. Canadians will need to learn how to select investments that are appropriate from a risk and return point of view. This may mean that thrift and cautious spending will once again become commonplace, much like it was for our parents and grandparents.

The message is loud and clear. You cannot rely on the government or employers for your desired retirement lifestyle. Educate yourself or hire the help you need to put your financial plan on the right course to meet your financial needs and objectives.

The foregoing is for general information purposes and is the opinion of the writer. This information is not intended to provide personal advice including, without limitation, investment, financial, legal, accounting or tax advice. Please call or write to Rick Sutherland CLU, CFP, FDS, R.F.P., to discuss your particular circumstances or suggest a topic for future articles at 613-798-2421 or E-mail rick@invested-interest.ca. Mutual Funds provided through FundEX Investments Inc.

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Life Changes in a New York Minute

Posted on February 21, 2012 by Rick

The phrase “New York Minute” is thought to have originated in Texas during the 60’s. A Texan took a minute to do what a New Yorker did in an instant. This short essay will illustrate how a life changing event can occur in a “New York Minute”.

No one is ever fully prepared for a life changing event, especially one that occurs in an instant. The idea is to be as prepared as you possibly can and thereby minimize the risk, both from a personal as well as a financial point of view.

Let’s set the stage. You are middle aged, extremely healthy, work out on a regular basis and have no health concerns at all. You are also self employed earning a significant income from your work. Life is good. The only problem is that you have no company benefits and your income is dependent on your ability to work. You did look at your options when you decided on self employment. Because of your excellent health you decided to opt out and not take the disability insurance that was recommended by your financial planner. It was deemed to be too expensive and with your healthy life style you would never need it. It would be a waste of money.

You can probably guess what happens next. In a “New York Minute” something takes place to change your life forever. It may be something as simple as falling off a ladder while cleaning the eaves trough, taking an unexpected hit while playing a pickup game of hockey with your buddies, being diagnosed with a life threatening illness, or being the innocent victim of a serious car accident. Any of these occurrences have the potential to change a person’s life instantly and permanently.

Our once healthy person is now disabled and unable to work and earn a living. Treatment and recovery may take months or years, income stops abruptly, and you are now relying on government programs and perhaps the charity of family and friends to carry on financially. Some who have lived through such an event have called it a living death.

You buy car insurance because it’s the law and you have a responsibility to yourself and society. You buy home insurance to cover the risk of fire, theft and other hazards. You can also buy disability insurance to protect yourself against the loss of income due to sickness or injury.

If any of this rings a bell with you then you may want to speak to your financial planner. Learn more about the options you have to protect yourself and your family against the hazards that can occur in a “New York Minute.”

The foregoing is for general information purposes and is the opinion of the writer. This information is not intended to provide personal advice including, without limitation, investment, financial, legal, accounting or tax advice. Please call or write to Rick Sutherland CLU, CFP, FDS, R.F.P., to discuss your particular circumstances or suggest a topic for future articles at 613-798-2421 or E-mail rick@invested-interest.ca. Mutual Funds provided through FundEX Investments Inc.

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Mobile Apps Make Personal Finance On-The-Go Easy

Posted on February 11, 2012 by Bridget Sandorford

Personal finance mobile applications allow users to do almost anything associated with their financial lives, from tracking their income to paying bills. For example, personal finance mobile apps allow users to create and track budgets, set financial goals, and modify their spending habits. Here is a review of some powerful and popular personal finance apps, including Mint.com, Page Once, and Pocket Money.

Mint.com
TIME Magazine named Mint.com’s mobile application as the best personal finance mobile app of 2011, and that reign isn’t likely to end anytime soon. The associated website allows users to take advantage of the types of personal finance tools available with the bookkeeping software Quicken for free. The mobile app works the same way. Users can download Mint’s personal finance mobile app for free on most mobile platforms. Smartphone owners with the Mint.com mobile app can connect the application with their banks, and the application will update debits and credits to that account throughout the day. Mint.com then categorizes the spending, based on user input, and provides a snapshot of data about personal finance. The goal-tracking feature allows you to put in goals, such as $2,000 in savings for vacation, and then provides monthly goal tracking reports.

Page Once
The Page Once application has a wide range of personal finance functions as well, and the mobile app offers even more functionality. Available for free for the BlackBerry, Droid, iPhone, and Windows Mobile phones, Page Once allows users to track their spending and pay their bills using their phones. Users can enter account information for their bills and then pay those bills using a simple one-touch system. In addition, Page Once allows users to set up alerts about such things as low balances and large purchases. These can be received either through the app or by text message.

Pocket Money
This mobile app was one of the first available for personal finance computing. Its reach is less extensive, as it is currently available only for the iPhone. Pocket Money also costs $4.99 compared to Mint.com and Page Once, both of which are free. The features are slightly different, however, and may make it worth the purchase price. Pocket Money is designed to work like an older version of keeping a checking account. The app allows users to “pencil in” upcoming expenses and will deduct recurring expenses automatically. This predictive quality can work well for people who like to know in advance how much money will be available in an account. Pocket Money also has a currency converter, making it an excellent choice for international travelers.

Bridget Sandorford is a grant researcher and writer for CulinarySchools.org. Along with her passion for whipping up recipes that incorporate “superfoods”, she recently finished research on culinary schools in virginia and montreal.

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What is Financial Planning?

Posted on February 9, 2012 by Rick

When most people hear the term “financial planning”, they automatically think it has something to do with savings and investing. This is only part of the definition. Although saving and investing is an integral component of financial planning, there is a lot more to consider when developing your personal financial plan.

Typically here are four major considerations, often referred to as the four pillars, when developing your personal financial plan. These include cash flow, risk, debt and asset management. If any one of these pillars is weak then your financial well-being may be vulnerable.

Cash flow is the life blood of any financial plan. Throughout life one expects to earn an income, (this is your cash flow) and accumulate wealth to some degree. Income is needed to provide food, shelter and other basic necessities of life. The extra income that is not needed for necessities is either spent or saved. Discretionary spending is the money used for optional items like big screen TVs, vacations or any number of other life-enhancing products and services. It is your lifestyle. Controlling discretionary spending is crucial to your savings and investment plan.

Risk management is the insurance part of financial planning. This area protects you from hazards that could result in a catastrophic loss. There are needs for property and liability insurance to cover things like your house and car. Health and dental coverage, including travel insurance, are forms of cost containment from the high price of health care. There are also needs for income protection in the event of death or disability. More recently the need to cover a critical illness and long-term care has become a popular component of risk management. Needless to say this is an area that requires careful consideration and a critical eye to confirm that you are properly covered against the risks that you are exposed to on a daily basis.

Debt management is control over your loans to banks and other lenders. Debts include personal loans for things like a car and mortgages for your real estate. It also includes credit cards and lines of credit. This is an area where many people have difficulty. It’s really easy to apply for and obtain a loan or credit card. The trick is to have a plan in place to pay it off. You also want to be mindful of the interest rate to make sure you are receiving the best and most attractive interest cost and terms for repayment.

Asset, or money management, is really what most people think about when they want to develop a financial plan. What you do with the money you have left over after you have paid for your necessities of life can either be saved or spent. We already discussed how discretionary spending determines your lifestyle. If you’re a saver then you need to establish both short- and long-term goals. Set up different accounts that can meet both objectives. A short-term savings account allows you to deposit money and then withdraw it when needed. It tends to pay the least interest but it is safe and secure. It is ideal for things like a big screen TV or annual vacation. This approach allows you to pay for your “extras” without relying on loans or credit card debt. Long-term objectives, such as retirement or education funding, should be met with long-term investment vehicles. Retirement savings allow you to maintain your desired lifestyle once you have removed yourself from work and no longer receive an income. Typically one expects to receive a higher rate of return from long-term investment vehicles.

When you are building your personal financial plan, consider all four pillars. It’s not easy and you may need the advice of other professionals. Keep yourself flexible for any unexpected contingencies. Once you have built a strong financial foundation you will sleep better at night and realize most of your dreams and goals.

The foregoing is for general information purposes and is the opinion of the writer. This information is not intended to provide personal advice including, without limitation, investment, financial, legal, accounting or tax advice. Please call or write to Rick Sutherland CLU, CFP, FDS, R.F.P., to discuss your particular circumstances or suggest a topic for future articles at 613-798-2421 or E-mail rick@invested-interest.ca. Mutual Funds provided through FundEX Investments Inc.

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Is Volatility Making You Weary?

Posted on February 9, 2012 by Rick

Volatility is defined as sudden and sharp movements in both directions. We are specifically speaking about the volatility of global investment markets. The year 2011 has been one of the more volatile years in history.

Market trends these days don’t seem to last more than a day or two. Heck on May 6, 2010 we saw a “flash crash” that lasted just minutes. At roughly 2:30 pm the Dow Jones Index lost 9% of its value, only to recover those losses in a matter of minutes.

Clearly investors are seeking answers and direction on how to deal with all this volatility. The reality is that there just isn’t an easy answer. It comes down to you, your investment personality, your time horizon, and your ability to not be cajoled into making mistakes.

Yet investors both experienced and inexperienced are showing signs of fatigue. Whether it’s the Greek debt crisis or the fear of an imminent recession, the markets cannot seem to settle down. The period from May to October 2011 was not pleasant. The trend was one day up and two days down. This was then followed by three days up and two days down. The result for many was gut wrenching and emotional.

Some have turned to market timing, basing their investment decisions on current events in the daily press. This boils down to pure speculation. The unwavering truth is that the market cannot be consistently timed correctly. It does not matter who you are or how much education or investment experience you have; market timing only works some of the time.

Others have adopted a “go to cash and wait for better days” strategy. This is also a form of market timing and speculation. Sell today, maybe at a loss, park money in cash at almost zero percent return and then wait for the market to go up (to some this is settling down) then reinvest back into the market. The trouble is picking the best point in time to return to the party.

If you are truly a long-term investor, you may wish to study what others, who have decades of experience and knowledge, are doing about the current market volatility. They know and understand the companies that make up the market. Warren Buffett, the greatest investor of all time announced in September that his company, Berkshire Hathaway Inc., would begin buying back stock. The price was too cheap. Buffett was not alone. Other major companies that announced buyback plans included Wal-Mart, Exxon Mobile and JPMorgan Chase to name just a few. Look beyond the headlines, ignore the volatility (no, correction: take advantage of the volatility), and think and invest like the pros.

Do not succumb to the negative press. Review your goals and as long as your objectives have not changed then stay the course. Ask yourself how you would invest if today was the first day of your deposit. If your allocation would look the same then don’t do anything.

The foregoing is for general information purposes and is the opinion of the writer. This information is not intended to provide personal advice including, without limitation, investment, financial, legal, accounting or tax advice. Please call or write to Rick Sutherland CLU, CFP, FDS, R.F.P., to discuss your particular circumstances or suggest a topic for future articles at 613-798-2421 or E-mail rick@invested-interest.ca. Mutual Funds provided through FundEX Investments Inc.

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Comments on World Events

Posted on February 9, 2012 by Rick

We are often asked to give our views and comment on the current media headlines and world events. While we are humbled and honoured by this request, we are neither an economist nor a market timer. We cannot gaze into a crystal ball and predict the future. Therefore we cannot comment directly on how the European sovereign debt crisis, the US fiscal deficit or the inflationary pressure on emerging markets will affect us. And we certainly cannot tell you precisely how or when these problems will go away. We don’t believe anyone can. The one thing we can tell you is that similar events have occurred in the past and every time, without exception, they have been resolved.

The media has a propensity to report these events to the public with apocalyptic headlines and speculation of the incipient end of the world. The public then extrapolates these headlines and begins to believe in the four most dangerous words of investing, “It’s different this time.” After all, how could the whole world be wrong? Everybody is saying the same thing so it must be true.

It is important to note that the role of a financial planner is not to speculate on how the current debt crisis in Europe or the deficit in the USA will affect people and more specifically their savings and investments. The financial planner’s role is to assist people to build long-term savings and investment portfolios. These programs address real people with real life goals. Typical goals may include the desire to retire comfortably, educate children, buy a house, pay off a mortgage, and perhaps leave a legacy. Oh and yes there are usually some goals that add to the enjoyment of life, for example to take an annual vacation or buy a big screen TV.

A long-term investment portfolio is not based on any market or economic outlook. It is based on historic returns of the asset classes used to build the portfolio. Typically the asset classes include fixed income (bonds) and equities (stocks). The assets are weighted and matched to a person’s time horizon and risk profile.

With all our conviction we try to avoid making changes based on current economic and market speculations that are widely publicized in the press. The only time that a significant portfolio adjustment is required is when a person has changed their goals. If your goals have not changed then the portfolio constructed should stand the test of time.

Let’s take a stroll over my entire lifetime, and I’m sure the lifetime of many of the readers of this short essay. There have been at least seven serious market crises when the news headlines scared the wits out of most investors. The Suez Crisis, Jul. ’56 to Dec. ’57 saw a decline of 30% over those 17 months. During the OPEC Oil Shock from Oct. ’73 to Sept. ’74 the decline was about 37% over an eleven month period. Then there was the Savings and Loan crisis from Nov. ’80 to Jun. ‘82 when another decline of 43% in was seen over nineteen months. The Russian Ruble crisis from Apr. ’98 to Aug. ’98 took away 28% in four months. Many will remember the Tech Bubble from Aug. ’00 to Sep. ’02 when the decline was 25% over a 25 month period. Finally the more recent Financial Crisis from May’08 to Mar, ’09 saw a decline of 45% in eleven months. And we are now dealing with the Greek debt crisis. Who knows how or when this one will end.

Even with the current state of the equity markets you must concede that it is up almost ten times over the past thirty years. This is despite the fact that there have been multiple “end of the world” scenarios depicted in the press that were dealt with over that time period.

Here are some final comments about media-hyped current events. Speak to your financial planner about building real portfolios that are designed to meet real life goals. Don’t allow short-term market swings to dictate your investment strategy. If you do, it may lead to manic depression.

The foregoing is for general information purposes and is the opinion of the writer. This information is not intended to provide personal advice including, without limitation, investment, financial, legal, accounting or tax advice. Please call or write to Rick Sutherland CLU, CFP, FDS, R.F.P., to discuss your particular circumstances or suggest a topic for future articles at 613-798-2421 or E-mail rick@invested-interest.ca. Mutual Funds provided through FundEX Investments Inc.

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