Preparing for Tax Season
It’s that time again. Tax season is right around the corner and the government wants to know how much you made last year. You should receive most of your tax slips by the end...
Category: The Money Puzzle
An All-in-One Investing Solution to Simplify Your Portfolio
One of the challenges of do-it-yourself investing is periodically rebalancing your portfolio, especially if you have several funds with varying percentages. On top of that, many of us may have some combination of RRSP/RRIFs,...
Protecting Your Retirement Nest Egg
Investors who are in, or near, retirement are in a challenging position. They need their investments to provide them with steady cash flow to live on, but they also need their wealth to last...
Estate Planning Options for Your TFSA
Tax Free Savings Accounts have become a popular saving and investment vehicle for many Canadians. As of 2019, your allowable contribution room is $63,500. This can be a significant portion of your retirement savings,...
A Retirement Income Planning Tool
A big challenge faced by retirees is how to manage the timing and sequence of withdrawals from their retirement savings and integrate it with other pension income sources. You want to have enough...
Investing in Canadian Banks
For long-term buy-and-hold investors nothing really beats having the Canadian Big Five banks in your portfolio. Many investors already have a stake in at least one of the big five. Major Canadian banks consistently...
Generating Cash Flow in Retirement
Once you’ve stopped working your objective shifts from growing your investment portfolio to determining how to convert a large lump sum of retirement savings into a regular income stream that will last as long...
Is a Robo-Advisor Right For You?
Robo-advisors have become incredibly popular over the past few years, managing hundred of millions of dollars in Canada alone. They seem to be targeted to millennials who are just starting to invest, but they...
No Will! 5 Important Consequences of Dying Intestate
I was sorting through my Mom’s piles of paperwork clutter. She even had old GIC notices that paid 12% interest, so you can appreciate that this was no small task. I innocently asked her,...
What You Need to Know About Converting Your RRSP to a RRIF
You’ve worked hard to build your RRSP – and received nice tax deductions for your efforts. If you have celebrated your 71st birthday this year (or soon will be), it’s time to pay the...
