Occasionally I read about people who regard themselves as fairly sophisticated investors entering into a strategy of beginning to receive the Canada Pension Plan (CPP) at age 60 while continuing to be employed. There may be multiple reasons for making this choice. The most ill-informed reason...
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When I was a young boy living on the more rural outskirts of Chilliwack, BC, my brother and I would often go over to our cousin’s place just up the road and sleep outside overnight. This was in the summertime, of course. We would look...
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Are you looking for New Years Resolutions? If your ideas involve financial concerns, you have come to the right place. Below are nine different options to consider for 2023. All will require a bit of work to accomplish, but equally, all will leave you in...
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If you have worked in Canada, you will have contributed to the Canada (or Quebec) Pension Plan (CPP/QPP) and will be eligible to receive regular monthly payments from the plan as early as age 60. If you have been a resident of Canada for at...
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Many Canadians have a reasonable degree of net worth. Millionaire households are not that unusual if you consider the value of housing, especially if you have been a homeowner for 20 years or more, which would be the case for many who are approaching retirement....
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If you are nearing retirement, you may be wondering about when to begin receiving the Canada Pension Plan. There is a common idea that you should take it as soon as possible, at age 60, just in case you don’t live long enough to make...
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Last week, I wrote a blog post arguing that one should be indifferent to dividends when it comes to security selection. A good friend responded with a few questions, inviting me to write a second post on the subject. Here you are, Mike … and...
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The Canada Pension Plan (CPP) seems to get all the press these days. There are these debates about whether one should take it as early as age 60, wait until the “normal” retirement age of 65, or even delay the start until as late as...
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If you have a spouse and/or children, in other words, someone who is dependent on you, life insurance of some sort is an important consideration. Your dependants “depend” on your monetary contribution to the household. A monetary contribution includes income from employment or self-employment, but...
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One of the biggest impacts on my life occurred when I was 25 years old and newly married. A routine medical test detected a problem in the functioning of my kidneys. Further testing eventually determined that I had a chronic kidney disease known as Membranoproliferative...
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