Not sure how to make a retirement plan? Read on…
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Chicago Has Another Bond for You Aug 19th
The city may try to paper over its pension woes with new debt..... More »
How to make your retirement savings go farther and last longer Oct 19th
If you are like most Canadians, the investment choices you make during your working years may have a significant impact on your retirement. But the importance of smart investing doesn’t end when you retire. In fact, post-retirement investing can have an even larger impact on your retirement well-b.... More »
DIY investing for busy people—the portfolio management tool you didn’t know you needed + MORE Jul 13th
If you’ve been on the fence about managing a self-directed brokerage account because you think DIY investing is too much of a time commitment, think again. While DIY investing certainly can be an all-consuming “hobby” filled with spreadsheets, calculations and trade activity, it doesn’t have.... More »
The 60/40 portfolio: A phoenix or a dud for retirees? + MORE Oct 26th
For Canadian investors, one of the biggest shocks of 2022 is how poorly balanced mutual funds, exchange-traded funds (ETFs) and portfolios have performed. Investors with funds based on the classic pension fund asset allocation of 60% in stocks and 40% in bonds have been bewildered to experience loss.... More »
A simple guide to investing your first $500 + MORE Jan 24th
For many young Canadians, the barrier to entry for investing feels impossibly high. Between student loans, rising rent, and the cost of living, scraping together a starter fund can seem daunting. Yet, as little as $500 to $1,000 is sufficient enough to begin building the habits that create long-ter.... More »
How helping the kids with a down payment affects you
– moneysense.ca
OTTAWA – Helping your children with a down payment on their first home may be tempting, but financial advisers say to be sure to fully grasp how it will affect your own retirement planning before cutting a cheque.
Kristine Skinner, financial adviser with BlueShore Financial in West Vancouver, B.C., says before deciding to help, parents need to understand how it will affect their own net worth and overall financial plan.
“I would love to see both the parent and the child in my office so that they both understand the implications and expectations for every scenario,” Skinner says.
“With the parent and the child being in here, we can go over different considerations of the complexity of what they are planning on doing and any of the risks associated with the purchase.”
Saving 20% to buy a house? It’ll take you 12 years »
A survey by the Bank of Montreal earlier this year found that 65 per cent of millennials said that they would rely, to some extent, on parents or other family members for financial assistance for as much as 10 per cent of the purchase price of their first home…
Kristine Skinner, financial adviser with BlueShore Financial in West Vancouver, B.C., says before deciding to help, parents need to understand how it will affect their own net worth and overall financial plan.
“I would love to see both the parent and the child in my office so that they both understand the implications and expectations for every scenario,” Skinner says.
“With the parent and the child being in here, we can go over different considerations of the complexity of what they are planning on doing and any of the risks associated with the purchase.”
Saving 20% to buy a house? It’ll take you 12 years »
A survey by the Bank of Montreal earlier this year found that 65 per cent of millennials said that they would rely, to some extent, on parents or other family members for financial assistance for as much as 10 per cent of the purchase price of their first home…
From one office and 164 employees 10 years ago, the CPP investment board has 1,266 people in seven global offices. Is the cost worth it?
