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In Your Corner: So you need to start building an emergency fund. What’s the best way? Aug 30th
Emergencies are not to be confused with unexpected costs, says financial expert Jason Heath. Those should be built into your budget..... More »
At 26, this millennial in finance is making $375,000 a year working in the U.S. Now, she wants to focus on writing a book + MORE Aug 23rd
“I entered finance in hopes of saving enough to take a shot at freelance writing for a few years, unconstrained by financial concerns,” Jen said..... More »
Should investors even bother with bonds anymore? + MORE May 21st
Regular readers of the recently published MoneySense ETF All-Stars package may notice a growing skepticism from our panellists about bonds as an asset class, and bond ETFs in particular.
The bond bull market is getting long in the tooth after four decades of tailwinds generated by declining interest.... More »
Playing with FIRE: Why financial independence looks different for young Canadians + MORE Mar 27th
Joe Dominguez and Vicki Robin first kindled the FIRE movement (Financial Independence, Retire Early) in their 1992 book Your Money or Your Life (Penguin Books), encouraging people to save aggressively, live frugally and challenge the bounds of a 9-to-5 work week.
The idea flared up again around.... More »
Is $779,000 overpriced for this old bungalow in Ajax? This real estate agent says it’s ‘madness’ Nov 19th
“Who is going to pay $779,000 for this little (house) in Ajax? I mean, it’s cute, but it’s $779,000 for two bedrooms and two bathrooms. That’s crazy,” said real estate agent Othneil Litchmore..... More »
Creating your will: a guide for couples
– moneysense.ca
From deciding whether your prickly sister-in-law should be the executor, to how much money you should leave to your spendthrift nephew, estate planning is fraught with emotional hiccups—especially when you’re strategizing for two.
As many couples know, big feelings often get in the way when it comes to tackling the topics of money and your eventual death. Here’s how to get past those emotions and come up with a joint plan for your wills that protects your loved ones and your assets.
First, let’s talk about why you need a will
Before you get started, it’s good to review some basic reasons for getting a will. Number one is to establish orderly succession. “You want the assets to go to the people you want it to go to, and minimize family disputes,” says Cynthia Kett, a Chartered Professional Accountant and Certified Financial Planner at Stewart & Kett.
Second is tax minimization. With proper estate planning, Kett explains you can ensure your assets aren’t eaten up by the CRA before it’s dispersed to loved ones…
As many couples know, big feelings often get in the way when it comes to tackling the topics of money and your eventual death. Here’s how to get past those emotions and come up with a joint plan for your wills that protects your loved ones and your assets.
First, let’s talk about why you need a will
Before you get started, it’s good to review some basic reasons for getting a will. Number one is to establish orderly succession. “You want the assets to go to the people you want it to go to, and minimize family disputes,” says Cynthia Kett, a Chartered Professional Accountant and Certified Financial Planner at Stewart & Kett.
Second is tax minimization. With proper estate planning, Kett explains you can ensure your assets aren’t eaten up by the CRA before it’s dispersed to loved ones…
