Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
Latest News
Russ Dyck financial advisor Nov 8th
Meet Russ Dyck
Russ Dyck, a Certified Financial Planner and founder of Finovo, specializes in financial planning for professional couples and young professionals. He is passionate about helping clients navigate complex financial decisions with clarity and confidence, tailoring each plan to meet t.... More »
How job changes can affect your taxes + MORE Mar 28th
Landing a new job or being laid off from your current position can be life-changing—whether it’s an exciting transition, a tough stretch or a chance at a fresh start. But months after the dust settles, people often forget that job changes can also impact that year’s tax return. Expe.... More »
Divorce over 50: managing your finances if you find yourself single in the run-up to retirement Aug 3rd
Divorce is certainly not new—but what’s emerging as a trend is the choice to split later in life. Dubbed grey divorce, these marital splits, happening close to or in retirement, are reportedly on the rise, and they can have a significant financial impact.
Married couples are generally subject .... More »
Making sense of the markets this week: December 24, 2023 Dec 28th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
It’s a tough job, but…
It’s really hard to predict what the investment world will do. It’s even harder to predic.... More »
What’s my RRSP contribution limit for 2022? Nov 16th
If you’re like many Canadians, you’re hoping you’ve paid enough tax in 2022 and may even be looking forward to a hefty tax refund. (The deadline for filing this year is April 30, 2023, and since that date falls on a Sunday, you actually have until May 1, 2023 to file.) You can help ensure that.... More »
Marriage or mortgage: Which is the better investment?
– moneysense.ca
Weddings can be expensive, but so can many of the things that come after a wedding—like a home purchase, starting a family and saving for retirement. And so money is an important relationship issue even before a couple ties the knot.
Both weddings and home purchases can both cause people to think or spend irrationally—especially amid the rush to “get in the real estate market” while mortgage rates are at historically low levels. How can a couple decide which is the better use of their hard-earned savings?
Let’s start with weddings. The costs associated with their Big Day can range drastically from couple to couple, depending on their wedding plans and the size of their family. The dollars differ widely among industry estimates, as well. According to Wedding Wire’s 2019 Global Wedding Report, the average Canadian wedding costs US$21,900—that is, $29,059 Canadian at the average 2019 exchange rate. Meanwhile, the consumer data company Statista pegged the average Canadian wedding at a much higher $42,401, back in 2017…
Both weddings and home purchases can both cause people to think or spend irrationally—especially amid the rush to “get in the real estate market” while mortgage rates are at historically low levels. How can a couple decide which is the better use of their hard-earned savings?
Let’s start with weddings. The costs associated with their Big Day can range drastically from couple to couple, depending on their wedding plans and the size of their family. The dollars differ widely among industry estimates, as well. According to Wedding Wire’s 2019 Global Wedding Report, the average Canadian wedding costs US$21,900—that is, $29,059 Canadian at the average 2019 exchange rate. Meanwhile, the consumer data company Statista pegged the average Canadian wedding at a much higher $42,401, back in 2017…
