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Making sense of confusing credit card statements + MORE Nov 20th
Spotting fraud is hard when so many businesses put unfamiliar, but legitimate, names on your billing statement.... More »
Earn 3,000 Bonus Rewards Points on all Best Western stays until the end of August (Targeted offer – book by July 5) + MORE Jul 2nd
Select Best Western Rewards members including ourselves received this email today offering 3,000 Bonus Best Western Rewards points on all stays in July and August so long as they are booked by July 5. This offer can be stacked with both of the $25 Gift Card offers which means you can earn $50 in.... More »
Can I get mortgage insurance if I’m on long-term disability? Jul 11th
Q: I just went on long-term disability but I’m worried. I didn’t get mortgage insurance, can I still get this type of insurance?
— D. Evans, Ontario
Steve Garganis, mortgage broker and editor of CanadaMortgageNews.ca:
The answer is probably not. However, to be sure, check with your ins.... More »
This Week in RWRDS February 7, 2025: Changes coming to Air Canada Aeroplan Feb 8th
This week we discuss the upcoming changes to Air Canada Aeroplan, the new More Rewards RBC Visa cards, up to $225 in rewards for hotel stays in Edmonton and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: Link.... More »
RWRDS Daily Update August 26: WestJet is adding flights to Puerto Escondido & an AIR MILES Card Linked Flash Offer for Kernels, Lyft & Marble Slab Aug 26th
WestJet is adding flights to Puerto Escondido, Mexico and AIR MILES Card Linked Flash Offer for Kernels, Lyft & Marble Slab. Check out today's points & miles updates here:
The post RWRDS Daily Update August 26: WestJet is adding flights to Puerto Escondido & an AIR MILES Card Linked F.... More »
Home equity: A retirement fallback plan
– moneysense.ca
Illustration By Chris GashAfter Charles Prusky was forced to retire from his job as a machinist-welder at 58 due to illness, it wasn’t long before he and his wife Anne ran out of savings. That made the B.C. couple wonder how they could make ends meet with no employer pension and limited government benefits. The Pruskys had already downsized once, but fortunately still owned a modest three-bedroom bungalow outside Kelowna. So they wondered: how could they best use the equity in their house to provide the necessities of life?
As they soon discovered, planning for retirement comes with the risk of a serious and unexpected setback. If you’re a homeowner, however, you at least have a fallback plan. You should always plan to accumulate enough savings to fund your expected retirement needs, but if you ultimately face financial misfortune, tapping your home equity can make up the difference. What’s the best way to do that? In what follows, we describe three common strategies, each of which the Pruskys considered: a reverse mortgage, a home equity line of credit (HELOC), and downsizing or selling…
