There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Facebook stock drops after company warns Apple’s privacy changes to have bigger Q3 impact - TechCrunch Sep 22nd
Facebook stock drops after company warns Apple’s privacy changes to have bigger Q3 impact TechCrunchFacebook says it underreported ad performance due to Apple's iPhone privacy update CNBCFacebook says privacy changes in iOS continue to impact its ad business 9to5Ma.... More »
Elon Musk accused of breaking law while buying Twitter stock - CP24 Toronto's Breaking News Apr 12th
Elon Musk accused of breaking law while buying Twitter stock CP24 Toronto's Breaking NewsTwitter Shareholders Are Suing Elon Musk. Here We Go. Pajiba Entertainment NewsWhat happens now that Elon Musk is not joining Twitter's board? CTV NewsWill Elon Musk Buy More Twi.... More »
Making sense of the markets this week: July 16, 2023 + MORE Jul 14th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Hello again, MSOTM readers. I’m back from an all-too-brief summer vacation, and I’m ready to zero in on where the markets are head.... More »
How to move out of your parents’ house and not go completely broke + MORE Apr 16th
For a smooth transition, writes Lesley-Anne Scorgie, set up separate banking accounts, make a budget and pay yourself first with a small investment account..... More »
How life insurance brokers get paid Mar 25th
A life insurance broker gets paid to provide you with the best life insurance coverage for your needs. But how does the process work? To answer that, we’ve outlined what insurance brokers do, how insurance brokers get paid (by you and/or the provider?), and how to spot a great broker, so you can e.... More »
If you’re a typical reader of this column, I’m guessing retirement is on the near-term horizon for you, or already arrived in the form of “semi-retirement.” And if you’ve diligently saved in registered and taxable plans all these decades but lack an employer-sponsored defined benefit (DB) pension plan, you may be greeting the prospect of foregoing continued employment income with some trepidation.
Interest rates have never been lower, meaning your safe fixed-income investments (like GICs) pay you practically nothing in terms of real, inflation-adjusted retirement income. Dividend-paying stocks pay better, especially after taxes if they’re Canadian stocks, but after stock-market scares of 2008 and March 2020, an overweight position in stocks is hardly going to let you sleep at night the way a taxpayer-guaranteed, inflation-indexed DB pension is going to.
Sadly, such pensions are increasingly rare in the private sector. So what to do? I’d consult the newly revised edition of his book Retirement Income For Life by retired actuary Fred Vettese…
Interest rates have never been lower, meaning your safe fixed-income investments (like GICs) pay you practically nothing in terms of real, inflation-adjusted retirement income. Dividend-paying stocks pay better, especially after taxes if they’re Canadian stocks, but after stock-market scares of 2008 and March 2020, an overweight position in stocks is hardly going to let you sleep at night the way a taxpayer-guaranteed, inflation-indexed DB pension is going to.
Sadly, such pensions are increasingly rare in the private sector. So what to do? I’d consult the newly revised edition of his book Retirement Income For Life by retired actuary Fred Vettese…
