Canadians are Still Loyal to Their Primary Bank
Banks are big business in Canada. Take a look at the companies on the TSX and you’ll find four of the Big Five are in the top seven for market capitalization (over US$330 billion). ...
Category: The Money Puzzle
How to Transition From Being a Prudent Saver to a Prudent Spender Once you Retire
Have you been a lifelong saver? You’ve spent your entire career preparing for the time you’ll stop working and now everything changes. One of the biggest transitions in life is to go from being...
Living Large in the Cheap Seats
Culture is wonderful, but it can be expensive. When you’re on a budget it may seem frivolous to spend several hundred dollars for tickets to a symphony, concert or hockey game. But there are...
Choose Your Beneficiaries Wisely
Have you chosen your beneficiaries wisely? You’ve been saving diligently all your life. Make sure the tax department isn’t the main beneficiary of your estate. It is your choice where your money goes when...
Boost Retirement Income With Dividends
Retirees prefer a predictable stream of income from their investment portfolios. Investing in high quality, dividend-paying companies can provide that income, often with regular increases. The promise of regular cash along with capital appreciation...
Determining a Safe Withdrawal Rate in Retirement
At one time, Canadian retirees used their savings to fund particular expenses such as a new car, home renovations or a special trip. Regular monthly expenses were paid from government and private pensions. Some...
Managing a Financial Windfall
Finding out you received a financial windfall is exciting. Odds are at some point you’ll likely receive a sudden influx of money. Windfalls can come from lots of different sources: inheritance, divorce settlement, insurance...
Financial Impact on a Surviving Spouse
When a spouse passes away, there can be many impacts to their financial picture. The fact is a husband and wife almost never die at the same time. Although not always, statistically husbands are...
Maintain Asset Allocation When Withdrawing Retirement Funds
Your original target asset allocation was the most important decision when it came to building your retirement portfolio. You may have adjusted that allocation to be more conservative when you retired. As well, retirees...
Shopping – Too Many Choices!
We finally decided to paint some rooms and I wanted to paint all our trim white. Off we went to the paint section of the hardware store and we were overwhelmed by the choices. ...
