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How to make sure you have enough money to fund your RRIF withdrawals + MORE Apr 16th
After decades of using registered retirement savings plans (RRSPs) to reduce taxable income, it can come as a shock to discover the shoe will one day be on the other foot. At the end of the year you turn 71, you have to either cash out your RRSP (not recommended), annuitize it or convert it into a R.... More »
Single, no pension? Here’s how to plan for retirement in Canada Jul 3rd
Being single in retirement has some financial obstacles. Some people are single as they enter retirement. Others become single due to divorce or death prior to or after retiring. Here are some considerations for planning your retirement as a singleton, especially if you have no defined benefit (DB) .... More »
The best high-interest savings accounts in Canada for 2025 + MORE Aug 5th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Tesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of Earnings - BNN Bloomberg + MORE Apr 23rd
Tesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of Earnings BNN BloombergMeet the Tesla Diehards Sticking With the Stock Despite Its Disastrous Year The Wall Street JournalTesla cuts prices around the world as sales decline in a chaotic week The GuardianTes.... More »
Generational shift brings competition to Canada’s banks Dec 21st
Canadians who watched the World Series this year might have caught a second high-stakes clash going on between plays. RBC, the country’s most valuable bank, ran ads that had actor Will Arnett touting trust and real people over fads, while scrappy EQ Bank and crypto giant Coinbase Inc. had spo.... More »
How to save (and invest) your first $100,000
– moneysense.ca
A popular milestone goal for young adults just starting out is to save $100,000 cash. YouTube and TikTok are buzzing with videos on this very topic, and it makes sense—$100,000 is enough to give you financial breathing room and life-changing options, like making a down payment on a condo or house, buying a car, travelling the world or investing for retirement. Plus, reaching six figures is a big achievement.
But is $100,000 in savings good enough? How much interest would you earn on it? And how do you take the first step toward saving that much in cash? We’re breaking down smart strategies for saving your first $100,000, how long it will take and how to invest $100,000 in Canada, plus expert insights with the help of a financial advisor.
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