Interact Financial

Most retirement mistakes don’t come from bad intentions. They come from assumptions. Families assume they’ll “figure it out later,” that their savings will last, or that retirement will somehow cost less than it does. In Victoria, where lifestyle is rich but expenses can be high, these assumptions can quietly erode confidence over time. This is why retirement planning Victoria BC deserves a closer look—especially for families. We regularly meet people who have done many things right, yet still feel uneasy about retirement. Not because they’re reckless, but because a few common mistakes have gone unaddressed. Let’s walk through the five most common retirement planning mistakes Victoria BC families make, and—more importantly—how to avoid them with clarity and confidence. Why Small Retirement Mistakes Matter More Than You Think In your working years, mistakes can be corrected with time and income. In retirement, time works differently. A small planning error can: Increase taxes year afte...

Many people wonder whether they should manage their own finances or work with a professional. With access to online tools and information, handling money independently may seem simple at first. However, as financial situations grow more complex, the difference between personal management and professional support becomes clearer. Understanding wealth management Victoria BC helps individuals decide which approach best suits their long-term goals. This blog compares managing finances on your own with working alongside professional wealth managers in Victoria BC, helping you understand the benefits, risks, and value of expert guidance. Managing Your Own Finances: The Basic Approach Managing your own finances often starts with budgeting, saving, and choosing basic investments. Many people feel comfortable tracking expenses and putting money into savings accounts or simple investment products. This approach can work well in the early stages of life or when financial needs are straightforwar...