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How to get your financial swagger back in five easy steps + MORE Feb 14th
Simple acts of financial self-care go a long way toward improving your money mindset and confidence..... More »
Stock market news for investors: Rogers hopes sports deals will boost share price, National Bank buys PGM Global Holdings Apr 24th
Here’s a round-up of news for Canadian investors this week.
Rogers
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The ‘everybody loses’ scenario: Why the Iran conflict is breaking this classic portfolio strategy - MarketWatch + MORE Mar 6th
The ‘everybody loses’ scenario: Why the Iran conflict is breaking this classic portfolio strategy MarketWatchStock market volatility set to continue, warns Citi Yahoo! Finance CanadaFinancial Advisor Warns it May Take Time to Notice Financial Implications from Middle East C.... More »
Points and payouts: Scottie Scheffler captures $25M, finishes No. 1 in FedExCup standings - PGA TOUR Sep 1st
Points and payouts: Scottie Scheffler captures $25M, finishes No. 1 in FedExCup standings PGA TOURBob Weeks: Scottie Scheffler, Taylor Pendrith finish strong at Tour Championship TSNScheffler wins Tour Championship and FedEx Cup title; Ryu rebounds in Boston Toronto .... More »
How the Canada GST/HST tax credit works + MORE Aug 5th
For many working-class Canadians, rising costs make every dollar count. That’s where the GST/HST credit comes in. This credit is meant to support individuals and families with lower or modest incomes. If you qualify, you’ll receive payments from the Canada Revenue Agency (CRA) every three months.... More »
The upside to waiting until age 70 to take CPP benefits
– moneysense.ca
Q. I am retiring next year at age 65 and I don’t know if I should take my CPP immediately, or wait. My friends and other people I know from work took their CPP when they retired and they are telling me I should take it when I retire. Are they right? When is the best time to draw CPP?
–Jit
A. Hey Jit, ask one of your friends who waited until age 70 to take Canada Pension Plan benefits, and see what they say. I’m just having fun—I’d be surprised if you knew anyone who delayed their CPP to age 70.
But, according to a new report by the Canadian Institute of Actuaries, most Canadians should start their CPP at age 70.
These are the points from the report that really jumped out at me, and I’ve provided my thoughts below.
–Jit
A. Hey Jit, ask one of your friends who waited until age 70 to take Canada Pension Plan benefits, and see what they say. I’m just having fun—I’d be surprised if you knew anyone who delayed their CPP to age 70.
But, according to a new report by the Canadian Institute of Actuaries, most Canadians should start their CPP at age 70.
These are the points from the report that really jumped out at me, and I’ve provided my thoughts below.
The only two factors to consider when making your CPP start decision are your life expectancy and expected investment returns. Taxes don’t come into play.
Use your RRSPs to bridge the income gap (CPP shortfall) between 65 and 70 using this formula: 7…
Making sense of the markets this week: October 5
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.The markets and the not-so-presidential presidential debate
Last Tuesday’s U.S. presidential debate was certainly the political and perhaps stock market news event of the week. Problem was, the debate was not presidential. In fact it was more of a verbal brawl than a political debate.
President Donald Trump and Democratic nominee Joe Biden argued and yelled and talked over each other, relentlessly. No one won, in my opinion.
In anticipation of the debate, stock markets were quite nervous. U.S. futures were down Monday night. Some investors are concerned that President Trump will not recognize or accept an election defeat, and stock markets do not like uncertainty.
Adding to the drama, on Friday morning it was announced that President Trump and the first lady had tested positive for COVID-19, ramping up the uncertainty exponentially.
Source: Twitter
But then, the markets found something else shiny to look at: the prospect of another stimulus package in the U…
