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Latest News
Canadians still in the dark about investment fees despite major changes in disclosures + MORE Jan 19th
Despite the introduction of a new report meant to increase fee transparency, surveys show few Canadians feel they grasp the true cost of financial advice
.... More »
What Is a Binary Options Platform? + MORE May 27th
Meta Description: A binary options platform plays a vital role in a trader’s efforts to turn a profit. If you’re new to this field, it’s important you understand what this technology involves.
Ready to start getting quick returns on your money instead of waiting months or years like you do wi.... More »
23 ‘genius’ grants announced by MacArthur foundation + MORE Sep 22nd
NEW YORK, N.Y. – Gene Luen Yang, a prize-winning author and the national ambassador for young people’s literature, and Claudia Rankine, one of poetry’s brightest and most innovative stars, are among this year’s 23 MacArthur fellows and recipients of the so-called “geniu.... More »
The best store credit cards in Canada 2022 + MORE Apr 22nd
Creatures of habit, rejoice! Your loyal shopping behaviours may just pay off, big time. If you shop regularly at certain retailers, using a store credit card can help you to earn discounts, free goods and exclusive perks by swiping or tapping for everyday purchases. Spending with a store credit card.... More »
The real estate math mistake we all make + MORE Jul 20th
(Tetra Images/Getty Images)
Most financial choices boil down to simple math. Add up the gains, subtract the costs, and you should get a number that helps you draw a conclusion. Those numbers are particularly useful when trying to make a major life decision, such as whether or not to sell the family .... More »
The $1,000-a-month rule for retirement
– moneysense.ca
Here’s an interesting rule of thumb that most retirees and would-be retirees would do well to adopt. Developed by U.S.-based financial planner Wes Moss, it’s called “The 1,000-Bucks-a-Month Rule.” It means that for every thousand dollars in monthly income you want in retirement, you need to have saved $240,000.
So if you want $2,000 a month from your investment portfolio, this rule suggests you’d need to amass $480,000, which just happens to be close to the minimum amount ($500,000) that “happy retirees” in the U.S. tend to have saved up. Note this rule is to generate investment income that is above and beyond pension income, government pensions like Social Security (in the U.S.) or the combination in Canada of CPP/OAS.
This guideline suggests that if you want $4,000 a month from investment income, in addition to the usual alternative sources of income, then you need to have saved almost a million in liquid investments: $240,000 times four is $960,000. If you wanted $10,000 a month, then you’d need $2…
So if you want $2,000 a month from your investment portfolio, this rule suggests you’d need to amass $480,000, which just happens to be close to the minimum amount ($500,000) that “happy retirees” in the U.S. tend to have saved up. Note this rule is to generate investment income that is above and beyond pension income, government pensions like Social Security (in the U.S.) or the combination in Canada of CPP/OAS.
This guideline suggests that if you want $4,000 a month from investment income, in addition to the usual alternative sources of income, then you need to have saved almost a million in liquid investments: $240,000 times four is $960,000. If you wanted $10,000 a month, then you’d need $2…
Walgreen plans to keep its headquarters in the United States, saying it will no longer pursue an overseas reorganization that would have shifted its base to another jurisdiction, lowering the U.S. taxes it pays.
120 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.
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
First Nations Transparency Act holdouts given 120 days to post financial data – CBC.ca
– news.google.ca
National PostFirst Nations Transparency Act holdouts given 120 days to post financial dataCBC.caThe federal government says First Nations bands have until the end of November to comply with new transparency rules that came into effect last week, or risk losing government funding. The First Nations Financial Transparency Act requires that all bands …Nearly two-thirds of First Nations haven't disclosed finances to OttawaThe Globe and Mailall 10 news articles »
