How to go about securing the best return for your investment in Canada.
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John Oliver on what’s wrong with retirement planning + MORE Jun 13th
In his latest episode of Last Week Tonight, host John Oliver waded through all the confusing, infuriating intricacies of the financial advisor industry in the U.S. While firms like to paint their advisors as cuddly caretakers of your riches, Oliver pointed out all the reasons you should question t.... More »
Canadian dollar, euro hit hard by interest rate fears + MORE Mar 11th
U.S. and Canadian stock market indexes moved higher on Wednesday after Tuesday’s sharp selloff, but fears of a U.S. interest rate hike hung over the market..... More »
4.5 year - 2.50% + MORE Jan 12th
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online..... More »
Stock markets brace for collateral damage as first shots fired in Trump's trade war + MORE Mar 23rd
Fears of a trade war are roiling financial markets Friday, with stocks under pressure around the world and the dollar in retreat..... More »
60 days - 1.75% + MORE Sep 21st
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Retirement Numbers and Rules
– myownadvisor.ca
Professionals from all walks of life and sectors have a knack for making the simple, extremely complex. The financial industry is no different. How much do you need to retire? “It depends” is usually the answer.
I dislike the “it depends” answer since while true, this does little to help people prepare for the future using any combination of assumptions. I think some financial assumptions are better than none; a plan is better than no plan at all. For today’s post, I thought I’d share some common “retirement rules” to consider. As always, let me know what strikes a chord with you.
Rule of 20
I dislike the “it depends” answer since while true, this does little to help people prepare for the future using any combination of assumptions. I think some financial assumptions are better than none; a plan is better than no plan at all. For today’s post, I thought I’d share some common “retirement rules” to consider. As always, let me know what strikes a chord with you.
Rule of 20
The premise: for every $20 saved you can live off $1 in retirement.
Examples:
On your retirement date: $300,000 saved and you can likely live off $15,000.
On your retirement date: $500,000 saved and you can likely live off $25,000.
On your retirement date: $1 million saved and you can likely live off $50,000.
This rule seems to make some sense. A $1 million portfolio that yields 5% per year will provide $50,000 income but that doesn’t’ account for any taxes paid on that income…
Are low-volatility funds for you? Luuko
– thestar.com
Booming Canadian stock markets may make investors dump conservative funds. But there are good reasons to own them90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
30 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
