How to go about securing the best Retirement Plan in Canada.
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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 »
Stock news for investors: Rogers posts loss, Teck profit surges Jul 25th
Here’s a round-up of news for Canadian investors this week.
Rogers
Teck
Scotiabank
Sleep Country
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 1.... More »
Stock news for investors: Barrick leads earnings gains as major Canadian companies report mixed Q3 results + MORE Nov 15th
Here’s a round-up of news for Canadian investors this week.
Barrick
MEG Energy
Loblaw
Manulife
Linamar
Brookfield
Hydro One
MDA Space
George Weston
Featured RRSP Accounts
featured
EQ Bank
.... More »
The best RRSPs in Canada for 2024 May 23rd
RRSPs
The best RRSPs in Canada
We’ve rounded up the best RRSP rates on savings accounts and GICs, as well as the best RRSP investment accounts.
Compare now
Tap the button for more details.
.... More »
How much has the pandemic hurt your retirement plans? We delve into the retirement portfolios of two couples hit hard by COVID-19 to see what damage was done + MORE Feb 16th
We start with Deborah and Daryl Burton, a Toronto twosome in their early 70s who both contracted COVID-19 early in the pandemic..... More »
Have financial resolutions? You need a plan, too
– moneysense.ca
OTTAWA – Increasing retirement savings, reducing debt or putting away more for your child’s education may be on your list of new year resolutions, but to make them more than wishful thinking you need a plan.
To help make your financial new year’s resolution stick, portfolio manager Amy Dietz-Graham of Bank of Montreal says to make it automatic.
Whether it is increasing the amount you save or paying off that last stubborn balance on a line of credit, she suggests setting up regular payments.
“Then it is not something that you have to think about,” she said.
“It takes a lot of the pressure off of you having to constantly remind yourself to keep on top of a resolution. Just make it automatic.”
Fix your money problems and get #MoneyFit »
Dietz-Graham’s new year resolution is to start saving to buy a cottage with her husband. It will take more than 2016 to reach their ultimate goal, but she has set a target for their savings for the year.
She said it’s important to set specific goals so that progress can be measured…
To help make your financial new year’s resolution stick, portfolio manager Amy Dietz-Graham of Bank of Montreal says to make it automatic.
Whether it is increasing the amount you save or paying off that last stubborn balance on a line of credit, she suggests setting up regular payments.
“Then it is not something that you have to think about,” she said.
“It takes a lot of the pressure off of you having to constantly remind yourself to keep on top of a resolution. Just make it automatic.”
Fix your money problems and get #MoneyFit »
Dietz-Graham’s new year resolution is to start saving to buy a cottage with her husband. It will take more than 2016 to reach their ultimate goal, but she has set a target for their savings for the year.
She said it’s important to set specific goals so that progress can be measured…
How to retire at 55 on $55,000 a year
– moneysense.ca
Paula Lorimer and husband Pierre Sopel save $30,000 annually. They hope to retire at age 55 with a net annual income of $55,000.The current situation
Paula Lorimer, 40, is a psychologist living in Montreal. Right now, Paula is self-employed but is looking forward to changing gears at age 55. “I’ve worked hard and want time to do some teaching, attend workshops and do more volunteer work,” says Paula, who is married to IT manager Pierre Sopel, also 40. Paula handles the couple’s finances and the two of them are on track to pay off their $375,000 house in 13 years. As well, the couple has $509,000 total in RRSPs and TFSAs, mostly invested in a mix of dividend, equity and fixed-income mutual funds, averaging a 5% net annual rate of return. Paula figures they can save about $30,000 annually—$18,000 annually through authorized payment plans to her RRSP and TFSA, and another $12,000 annually at year-end to top up retirement savings. Pierre also puts $3,600 annually into his company’s defined-contribution pension plan, an amount his company matches…
