How to go about securing the best return for your investment in Canada.
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60 days - 1.75% + MORE Apr 7th
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online..... More »
90 days - 1.75% + MORE Feb 1st
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online..... More »
Will Ottawa's new rules help Canada's oilpatch build another major pipeline? + MORE Feb 9th
There were high expectations headed into Thursday's long-awaited announcement on how the federal government would overhaul the approval process for major energy projects in Canada. Ottawa says the new regulatory regime would help entice new investment, but the industry has many quest.... More »
Decisive ‘No’ vote sends Greece into uncharted territory + MORE Jul 6th
ATHENS, Greece — Greece lurched into uncharted territory and an uncertain future in Europe’s common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy.
Results showed 61 per cen.... More »
Things to Consider About Personal Loans May 8th
It seems like personal loans are the choice number one nowadays. When things don’t go according to the plan, or simply when it’s hard to make ends meet, the first thing that falls on our minds is personal loans. They are like the easiest solution to our problems. It doesn’t take a lot to recei.... 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.
