Steward Well Advisory

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Steward Well Advisory We partner with families and entrepreneurs to reach their dreams by means of financial literacy! Focusing on what is important to you.

Licensed with the Canadian Institute of Financial Planning:

- Registered Retirement Analyst
- Registered Life Insurance Specialist

My focus is on you and your needs, goals, and objectives. Together we will develop your strategy for today and tomorrow, based on protecting what is valuable to you, reducing debt, and growing your money. My commitment:
Partnering with families and entrepreneurs to reach their dreams. Your strategy for today and tomorrow: protect what is valuable, reduce debt, and grow wealth.

10/19/2026

I'm not asking how much money you make.
Or how much you have in your bank account.
I'm asking how long you could keep paying your mortgage, your bills, and supporting your family.
Losing your job can be difficult. But being financially unprepared can make that situation even harder."

Don't wait until something happens to find out the answer. Understanding where you stand financially is the first step toward being prepared



10/16/2026

Segregated Funds vs. Mutual Funds — what’s the difference? 🤔

They may look similar on the inside, but they can work very differently.

Segregated funds are insurance investment products that can include features you typically won’t find in a mutual fund:

🛡️ Maturity & death benefit guarantees — Depending on the contract, commonly 75% or 100% of eligible deposits.

👥 Named beneficiaries — When properly designated, proceeds may pass directly to beneficiaries upon death, potentially bypassing the estate and probate process.

⚡ Faster distribution — Because proceeds may be paid directly to beneficiaries rather than through the estate.

🔒 Potential creditor protection — In certain circumstances and when specific requirements are met.

But remember: segregated funds are still market-based investments. Your investment value can fluctuate, and the additional guarantees and insurance features generally come with costs.

For people approaching retirement, protecting a portion of the capital they’ve spent years building may become an important part of the conversation.

It’s not just about growing your money — it’s about understanding how you want to protect and use it.

*For general educational purposes only. Guarantees, fees, creditor protection and estate treatment depend on the specific contract and individual circumstances.*



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10/14/2026

Is your TFSA just sitting there doing… nothing? 👀💰

Here’s something many Canadians don’t realize:

A **TFSA is not an investment itself** — think of it more like a shopping cart that can hold different eligible investments.

Depending on the financial institution and the type of TFSA account you have, your options may include:

🛒 GIAs, GICs
📈 Mutual funds
🛡️ Segregated funds
💰 High-interest savings
📊 And other eligible investments

And no — your TFSA doesn’t necessarily have to stay at your local bank.

The important thing is understanding what’s actually **inside your TFSA** and whether it matches your goals, timeline and risk tolerance.

Having a TFSA is great. Knowing how to use it? Even better.

*For general educational purposes only. Investment options, fees and risks vary by institution and product.*


10/09/2026

“This weekend I’m not spending any money.”

Also me: Uber. Drinks. Takeout. Coffee. “It’s just $20.” 😅

Then Monday comes… and suddenly your bank account has receipts. ALL of them. 👀

The problem isn’t always one big purchase. Sometimes it’s all those little “it’s only…” expenses adding up without you noticing.

Your bank account remembers everything… even when you don’t. 😂

Follow me for simple financial tips that can help you make better decisions — **before your next “cheap” weekend.**

*For general educational purposes only.*

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10/07/2026

**Episode 2: Cash Value Inside Permanent Life Insurance — How Is It Taxed?** 💰🇨🇦

Having cash value inside a permanent life insurance policy is one thing. Understanding how you can access it — and the potential tax implications — is another.

Depending on the policy and your situation, there may be different ways to access that value:

👉 Make a withdrawal
👉 Take a policy loan
👉 Use the policy as collateral for a loan from another financial institution

Each option can have different costs and **tax consequences**, which is why understanding the structure of your policy matters.

Generally, life insurance death benefits paid to a named beneficiary in Canada are received tax-free. But accessing the cash value while you’re alive is a different story — and the tax treatment can depend on several factors.

For some people, permanent life insurance may also play a role in a broader retirement or estate-planning strategy.

The key is not just building cash value — it’s understanding **how and when to use it.**

*For general educational purposes only. Tax treatment depends on the policy, how funds are accessed and individual circumstances. Consult a qualified tax or financial professional for advice specific to your situation.*


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10/05/2026

What does “cash value” actually mean inside a permanent life insurance policy? 💰

Not all permanent life insurance works the same way.

👉 **T100** — Generally focused on permanent life insurance coverage and does not build cash value.

👉 **Whole Life** — Depending on the type of policy, it may build cash value and may also receive dividends. The insurance company manages the underlying investments — you don’t choose them yourself.

👉 **Universal Life** — Offers more flexibility and may allow you to choose from different investment options within the policy. That can mean greater growth potential, but also greater investment risk.

The important part? Permanent life insurance isn’t one-size-fits-all. Understanding how each type works can help you determine what actually fits your needs and financial goals.

And what about taxes? 👀
We’ll save that for the next episode.

Follow for more simple financial information to help you make informed decisions in Canada. 🇨🇦

*For general educational purposes only. Policy features, investment options and tax implications vary by product and individual circumstances.*


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10/02/2026

Financial Advisor vs. Insurance Broker — what’s the difference? 🤔

While both may play an important role in your financial journey, they don’t necessarily provide the same type of service.

An insurance broker may help you explore and compare insurance products from different providers, depending on their licensing and the services they offer.

A financial advisor may take a broader approach — looking beyond a single product to understand your goals, financial situation and long-term strategy.

The key? 🔑

Know who you’re working with, understand what they’re licensed to do, and ask questions about the products and companies they represent.

Financial decisions shouldn’t start with a product. They should start with understanding what you actually need.

*For general educational purposes only.*


09/30/2026

Where are you getting your financial information? 👀

Your neighbor? Your local bank branch? ChatGPT? Social media? 😅

There’s a LOT of financial information out there — but knowing where it comes from matters just as much as the information itself.

A good starting point is to look for official, regulated and reputable Canadian sources:

Government sites:
Savings and investments: https://www.canada.ca/en/financial-consumer-agency/services/savings-investments.html?utm_source=chatgpt.com
FREE online lesson on investing: https://www.canada.ca/en/revenue-agency/services/tax/individuals/educational-programs/saving-future.html?utm_source=chatgpt.com
RESP: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/registered-education-savings-plans-resps.html?utm_source=chatgpt.com
RRSP: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4040/rrsps-other-registered-plans-retirement.html?utm_source=chatgpt.com
Tax:
2025 basic income tax calculator:
https://turbotax.intuit.ca/tax-resources/canada-income-tax-calculator?srsltid=AfmBOopI2zoKVLIE1L2WFH3_A3gjDqUTORFESTcPdfGfyCB0mNpo1EDd
Income Tax Act ONTARIO: https://www.ontario.ca/laws/statute/90i02
Income Tax Act CANADA: https://laws-lois.justice.gc.ca/eng/acts/i-3.3/

And when it comes to advice specific to YOU, talk to a properly licensed financial professional who can look at your complete financial picture — not just one product.

Good financial decisions start with good information.

And if you’d rather talk it through with a financial advisor, feel free to reach out. I’d be happy to help you understand your options and find the right direction for you.
Alberto Salguero 📱226 739 95 11

*For general educational purposes only.*

09/25/2026

RRSP or TFSA? 🤔 The answer isn’t the same for everyone.

Your age, income, tax bracket, financial goals, and how long you plan to invest can all play a role in deciding where your money may work best.

The important thing is understanding the difference:
💰 TFSA → You contribute with after-tax dollars, and eligible growth and withdrawals are generally tax-free.
📉 RRSP → Contributions can reduce your taxable income today, but withdrawals are generally taxable later.

And sometimes, the right strategy isn’t choosing one over the other — it’s knowing when and how to use both.

Before making a decision, look at the bigger picture and choose a strategy that fits your financial goals.

Follow for more simple financial tips in Canada. 🇨🇦

*General information only. Individual circumstances vary.*


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09/23/2026

Buying your first home? 🏡 Preparation starts long before you make an offer.

Avoid taking on new debt, stay consistent with your payments and employment, and start building your savings and credit.

And most importantly, don’t wait until you’re ready to buy to ask questions.

A preliminary conversation with a mortgage broker or financial advisor can help you understand where you stand today and what steps you can take to prepare for tomorrow.

The goal isn’t to rush into buying a home. It’s to have a plan when the right time comes.



Address

101B - 470 Weber Street North
Waterloo, ON
N2L 6J2

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm
Saturday 11am - 3pm
Sunday 11am - 3pm

Telephone

+15198300974

Website

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