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...
Category: The Money Puzzle
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...
Financial Literacy Month
Basic financial skills are a critical part of everyone’s education. Yet, study after study show that despite all the information available today, many consumers have very little understanding of financial concepts. You know financial...
The Role of Bonds in a Balanced Portfolio
Both stocks and bonds play an important role in your investment portfolio. Stocks largely provide long-term growth. Bonds produce steady income and enhance portfolio stability. Currently rising interest rates and expectations for economic recovery...
Manage the Tax You Pay on Retirement Income
Income tax is without a doubt life’s single greatest expense. It’s quite shocking to see just how much of the total amount of your hard-saved money will disappear in tax. If you are a...
You’ve Been Asked to Be an Executor – Now What?
Many of us have been asked to take on the responsibility of acting as executor for our parents or siblings, or maybe close friends. In some cases, people have been appointed without even being...
