Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
Latest News
Power of Attorney: Why Choose to Give up your Right to Make Decisions? + MORE Nov 5th
One of the things that we would find hardest to give up is our independence, and that may be why the idea of signing a power of attorney is so difficult for many people. There are times when having a signed power of attorney in place can be a benefit to you and your family, though, even if it means.... More »
How much has the pandemic hurt your retirement plans? We delve into the retirement portfolios of two couples hit hard by COVID-19 to see what damage was done + MORE Feb 16th
We start with Deborah and Daryl Burton, a Toronto twosome in their early 70s who both contracted COVID-19 early in the pandemic..... More »
Using RRSP money for a renovation + MORE Aug 19th
Q: My daughter and my husband bought a $400,000 property three years ago near Midland, Ont. My husband earns $59,000 annually and my daughter $16,000 (self-employed). They want to renovate the kitchen and eventually sell the home to make a profit on it. The mortgage is $319,000. My daughter wants .... More »
Stock news for investors: Canadian Natural boosts quarterly dividend after massive Q4 profit Mar 7th
Here’s a round-up of news for Canadian investors this week.
Canadian Natural Resources
Pet Valu
George Weston
Canada Packers
Featured RRSP Accounts
featured
EQ Bank
Build yo.... More »
How to retire at 55 on $55,000 a year + MORE Jan 7th
Paula Lorimer and husband Pierre Sopel save $30,000 annually. They hope to retire at age 55 with a net annual income of $55,000.
The current situation
Paula Lorimer, 40, is a psychologist living in Montreal. Right now, Paula is self-employed but is looking forward to changing gears at age 55. “Iâ€.... More »
How to invest in retirement
– canoe.ca
What happens to your RRSP when you retire?
4 key retirement planning decisions: Roseman
– thestar.com
Whether you retire early or late, you will make some big financial decisions. So, plan ahead and think things through.Why You Should Introduce Your Adult Children to Your Financial Advisor
– rhondasherwood.com
Even though we have become more open about many subjects, the topic of money is one that many of us find difficult to discuss, even when our children have grown up. You should introduce your adult children to your financial advisor once you have established a good working relationship. It will benefit all of you.Let’s say that you have covered all of your financial bases properly and you have made a will and you have a power of attorney in place. You know the details of your estate and your assets and where all of your accounts are held.
You have also thought about where you would like to live in retirement. Although you would like to continue to live in your own home as long as possible, you have some definite preferences about assisted living facilities which you have discussed with your financial advisor.
Introduce Your Adult Children to Your Financial Advisor: Start a Conversation
It’s time to have the financial talk with your children, especially if you have named one or more of them to act as attorneys for you if you should become incapacitated…
Financial advice from guru Charles Schwab’s daughter
– thestar.com
Carrie Schwab-Pomerantz says: start saving young — and remember retirement’s the priority, not paying for your kids’ education
