Not sure how to make a retirement plan? Read on…
Latest News
The process of unlocking a LIRA account in Canada Feb 1st
Thank you for “How to get money out of locked-in retirement accounts”.
I have a federally regulated LIRA. I’m 55. I’m looking to unlock 50% of the balance. I came across your article while seeking some LIRA/LIF/RRSP information.
I’m getting conflicting information regarding t.... More »
What’s involved with an owner withdrawal of cash from a corporation + MORE Dec 7th
I work as a self-employed IT contractor. I am incorporated. Over the years I have accumulated about $100,000 in my business account, over and above what I need to carry operating expenses. I am about five years out of retirement, maybe less than that if I go for a semi-retired approach. I would like.... More »
Can you receive a government pension if you live outside of Canada? Jul 20th
Q. My father, who was born in 1945, left Canada to live in Thailand when was 26 years old. That was 50 years ago and he has never returned. If he comes back to Canada for one year to apply for his OAS, would he be eligible to receive a full pension? And would they be able to calculate his pension an.... More »
Stock news: Canada’s big banks raise dividends after strong Q2 earnings May 30th
Here’s a round-up of news for Canadian investors this week.
BMO
National Bank
Scotiabank
CIBC
TD Bank
RBC
Featured RRSP Accounts
featured
EQ Bank
Build your retirement.... More »
News for investors: Nvidia smashes Q3 expectations as AI frenzy continues + MORE Nov 22nd
Here’s a round-up of news for Canadian investors this week.
Nvidia
Metro
Questrade
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 1.50% interest, ta.... More »
Making sense of the markets this week: July 12, 2021
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
How to be a millionaire
I’ve often said that becoming a millionaire should be achievable—if you have a decent wage, manage your debt, get cash-flow-positive and invest in a low-fee manner on a regular schedule. Easy-peasy, eh?
Wealth building is so “simple,” I was able to explain it in a 1,000-word blog.
Alright, alright—so, cutting back on coffee and a few other personal budget items will still leave you 12% short of that millionaires’ club, but it is surprising how modest amounts can add up to millions. (We recently looked at building the $8-million portfolio in this space.)
Here is a very good and simple video that demonstrates how much it takes from various starting points—that is, your age when you begin investing—to kicking off retirement at age 67. How much would you have to invest on a regular schedule beginning in your 20s, 30s or 40s to build that $1-million portfolio?
Here are the deets in chart form: the time it takes to make a million…
How to be a millionaire
I’ve often said that becoming a millionaire should be achievable—if you have a decent wage, manage your debt, get cash-flow-positive and invest in a low-fee manner on a regular schedule. Easy-peasy, eh?
Wealth building is so “simple,” I was able to explain it in a 1,000-word blog.
Alright, alright—so, cutting back on coffee and a few other personal budget items will still leave you 12% short of that millionaires’ club, but it is surprising how modest amounts can add up to millions. (We recently looked at building the $8-million portfolio in this space.)
Here is a very good and simple video that demonstrates how much it takes from various starting points—that is, your age when you begin investing—to kicking off retirement at age 67. How much would you have to invest on a regular schedule beginning in your 20s, 30s or 40s to build that $1-million portfolio?
Here are the deets in chart form: the time it takes to make a million…
