Introducing Ruth and James Ruth and James, born and raised in a smaller community in southwestern Ontario, went to work directly out of high school. They plan to make 2024 their last full year of work as they will turn 65 in 2025. Married at age...
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Retirement typically marks a major life transition, but the path to retirement isn't always smooth. The challenges of downsizing, both financially and emotionally, can be overwhelming. For example, after decades of relatively stable prices, inflation has returned with a vengeance. While retirees benefit from the...
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Retirement marks a momentous transition, a time to reap the rewards of years of hard work and dedication. However, with increased life expectancy, retirees are faced with the challenge of longevity risk – the risk of outliving their financial resources. In this blog post, I...
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It is no secret that a significant part of the Canadian population is finding it exceedingly difficult to make ends meet. Debt is extremely high per household, primarily as a consequence of large mortgages and more recently, high interest rates. While inflation is slowly diminishing,...
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Norman Rothery, The Stingy Investor Norman Rothery of Stingy Investor fame, publisher of The Rothery Report, and frequent contributor to The Globe & Mail and the Canadian MoneySaver, provides a lot of free and paid resources. Among the free resources is his annual “Periodic Table” of...
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There are compelling reasons to invest in equities over the long term. So much so that academics in the field of finance will tell you that the traditional strategy of investors shifting an increasing balance of their assets to fixed income as they approach retirement...
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This will be my last blog post until the new year. I wish all readers a sense of joy in this season of celebration. Merry Christmas and Happy New Year! There are two accounts that I think are worth considering for 2024 if you have not...
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The Dawning Realization Siblings Jane and Mike are facing an unwelcome disruption to their routine lives in the form of their elderly parents facing health challenges and financial uncertainties. The emotional impact of this revelation was profound. The equilibrium of their daily lives was upset as they...
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A couple we’ll call David and Marie are on the verge of age 65. They managed to pay off their mortgage back in 2008, but they haven’t saved much of anything since. Neither had employers who provided pensions or group Registered Retirement Savings Plans (RRSPs)....
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For years, I was an avid subscriber to the old print version of MoneySense magazine. Like many other print periodicals, however, it went exclusively online several years ago. One of the most fascinating articles I read during the print era was The All-Canadian Wealth Test,...
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