Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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How to change a past tax return Apr 11th
Ask MoneySense
I have non-registered investment management fees from 2021 and 2022 that were not claimed on my returns for those years. Can they be deducted on my 2023 return? If not, is there another way to utilize those deductions now?
—Ian
How to change a tax filing to claim investment m.... More »
Market plunge scary, but more so for those near retirement + MORE Jan 29th
Worldwide market turmoil a painful lesson for those close to retirement about importance of balancing risk in portfolios.... More »
Canadians take retirement savings seriously, census data shows + MORE Sep 16th
It’s the first time the census has probed the question, taking advantage of tax data to correct a picture which experts say has long been distorted by suspect numbers and aggressive investment marketing..... More »
Nicholas Hui, P.Eng, Certified Financial Planner + MORE Mar 22nd
Who is Nicholas Hui?
Nicholas Hui was an automotive engineer for 20 years before becoming a Certified Financial Planner. He brings the same systematic approach from his engineering background to his practise now as an advice-only planner. Nicholas specializes in helping young families and profess.... More »
Could selling a vacation property affect government pensions? Sep 7th
Q. I was wondering what would happen if I sold my mobile home this year for $100,000. Currently, I receive Canada Pension Plan, Old Age Security and Guaranteed Income Supplement benefits totalling about $1,800 a month. Would the sale affect my pensions?
–Colleen
A. When you sell what is known as â.... More »
How to invest in retirement
– canoe.ca
What happens to your RRSP when you retire?
4 key retirement planning decisions: Roseman
– thestar.com
Whether you retire early or late, you will make some big financial decisions. So, plan ahead and think things through.Why You Should Introduce Your Adult Children to Your Financial Advisor
– rhondasherwood.com
Even though we have become more open about many subjects, the topic of money is one that many of us find difficult to discuss, even when our children have grown up. You should introduce your adult children to your financial advisor once you have established a good working relationship. It will benefit all of you.Let’s say that you have covered all of your financial bases properly and you have made a will and you have a power of attorney in place. You know the details of your estate and your assets and where all of your accounts are held.
You have also thought about where you would like to live in retirement. Although you would like to continue to live in your own home as long as possible, you have some definite preferences about assisted living facilities which you have discussed with your financial advisor.
Introduce Your Adult Children to Your Financial Advisor: Start a Conversation
It’s time to have the financial talk with your children, especially if you have named one or more of them to act as attorneys for you if you should become incapacitated…
Financial advice from guru Charles Schwab’s daughter
– thestar.com
Carrie Schwab-Pomerantz says: start saving young — and remember retirement’s the priority, not paying for your kids’ education
