This 34-year-old hospital worker has three kids and a mortgage to pay off. Making $104,000 a year, he wants to save $50K each for his kids. How can he start? + MORE Dec 21st

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The best GIC rates in Canada for 2025 + MORE Dec 8th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »

Softening market drives property values down in 2026, says BC Assessment - CityNews Vancouver Jan 4th

Softening market drives property values down in 2026, says BC Assessment  CityNews VancouverB.C. assessments: Numbers reflect stable real estate market in Greater Victoria  Times ColonistChip Wilson's $73.4M mansion once again tops the list of B.C.'s highest valued homes &nb.... More »

Why you don’t invest your money? Jan 26th

Do you need to be an investor to be happy? No. Can you get rich without ever buying a single stock? Sure. Then why bother? Yeah, I thought the same. But no matter how happy you are or how much money you make, there’s something that has been feeding off of your finances behind your back. It has .... More »

How to buy Avalanche (AVAX) in Canada + MORE Apr 8th

Cryptocurrencies took another giant step towards legitimacy in the wake of Russia’s invasion of Ukraine. Crypto threw a lifeline to people desperate to cross national borders at a time when the financial system became strained, fiat currencies depreciated swiftly and access to physical money was l.... More »

The best no-fee credit cards in Canada for 2024 + MORE Jul 17th

Spend The best no-fee credit cards in Canada for 2024 From cash back to rewards points (and perks like no foreign transaction fees), here's a list of Canada's best no fee cards. Compare now powered by.... More »
This 34-year-old hospital worker has three kids and a mortgage to pay off. Making $104,000 a year, he wants to save $50K each for his kids. How can he start?Mel would also like to save enough for retirement, at least $1 million each for him and his wife, and also purchase a second real estate property to rent out.

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Four financial principles to help get your portfolio back on track in an uncertain 2021Here’s how to position your finances so you can both benefit from an optimistic scenario and cope if markets crash in the year to come, David Aston writes.

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Q. I am 55 years old, recently finished a four-year battle with cancer, and will be retiring soon. I have a healthy portfolio, consisting of 60% in blue-chip stocks and 40% in fixed income, which will look after my husband’s and my financial needs in the future.  I also hold a $2-million life insurance policy that I pay approximately $15,000 per year for. 
I am considering switching the policy to a guaranteed payout upon my death, but that would put the annual premiums up to around $35,000 per year. Because I hold 40% of a large portfolio in fixed income, I’m thinking this would be a better alternative as the rate of return from my insurance policy would be much higher than I could achieve in fixed income. 
Curious if you have had clients in the past whom this made sense for. I know my advisor will earn a lot on this policy, and I wanted to get your Coles notes on whether this would or could be something to consider.
–Dana
A. Congratulations on beating cancer, Dana. You refer to your battle in the past tense, so I assume that means you’re in remission now…

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