All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
MoneySense magazine: January 2015 Dec 25th
January 2015
Volume 16, Number 8
Download the MoneySense app to read this issue on your tablet or smartphone now.
Investor’s Guide 2015
The Great TFSA Race
The All-Canadian Wealth Test
Editor’s Letter
Learning to love the market crash
By: Duncan Hood
Intelligence
Welfare for the rich,.... More »
Canadians worry about saving enough for retirement, study finds + MORE Oct 30th
Six-in-ten Canadians are putting money away for retirement — but most don’t feel they have saved enough, a new study found..... More »
A low-fee portfolio for DIY investors + MORE Jul 15th
(Photo by Micah Bond)
The portfolio problem
Gino Marcone, 49, is a regional sales manager who has spent the last three years working with an advisor at his local Guelph, Ont. bank to build his retirement nest egg. He recently learned he’s paying 2% annually in management expense ratios (MER.... More »
Piper makes a good buck as a lawyer but still has piles of school debt. Is her dream of owning a downtown Toronto condo realistic? + MORE Jan 25th
Financial adviser Jason Heath says Piper needs to get her debt and expenses under control before even thinking about home ownership and retirement.... More »
Tontine: Retirement plan of the future? + MORE May 28th
(Andy Roberts/Getty Images)
Advances in life expectancy coupled with the decline of employer-sponsored defined benefit pension plans has greatly raised anxiety levels about seniors outliving their money.
Life annuities have long been touted as one possible remedy for prolonged longevity, which is wh.... More »
Three Tips to Spring Clean Your Financial House
– rhondasherwood.com
As soon as the temperature starts to warm up, we start to think about cleaning out those those cobwebs hiding all the nooks and crannies of our homes. And although our intentions start off really well, somehow we always find an excuse to dodge the hefty job of cleaning our “financial house”. This is usually the largest and most cluttered area that we need to sort through.How to Spring Clean Your Financial House
Here are three simple strategies to help make decluttering and reorganizing your financial papers a less daunting task:
1. Preparation
First, we must understand what makes up our ‘financial house.” It includes:
Personal debt
Savings plans
Retirement plans
Estate plans
Insurance needs
Our financial papers should be sorted and filed in these five groups.
2. Declutter
Once we have sorted all of our papers into the five groups, it is time to go through them and start shredding. The rule of thumb is to keep your last two statements plus your original documents and shred the rest…
