Will Your Estate Plan Protect Your Family’s Future? Picture this—a couple, David and Marie, both age 65, living in Ontario. They’ve worked hard all their lives, raised four children, and saved diligently for retirement. Over and above their expectations for income from CPP and OAS, they’ve...
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As my wife and I approach retirement age, conversations about what’s next are becoming more frequent. While we think about retirement in general, I, as the primary “wealth manager” in our household, also reflect on when it might be time to step back from managing...
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Matthew (Matt) is a 27-year-old social worker with a Master of Social Work (MSW) degree, which he completed three years ago. Currently working in the healthcare sector, Matt has seen firsthand how financial instability can cause stress and hardship. Whether due to inadequate insurance or...
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The Canada Pension Plan (CPP) is often debated, with some Canadians feeling that it unfairly penalizes those who die before they can fully collect its benefits. Critics of CPP argue that mandatory contributions, when considering the possibility of early death, result in a system where...
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Dan Bortolotti of Canadian Couch Potato fame once ran an active podcast that included a segment entitled “Bad Investment Advice” (complete with spooky sound effects – oh, the horror!). He is now going to be a regular guest on the Rational Reminder podcast, which means...
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“A million dollars isn’t what it used to be.” Even with low inflation that saying is true. Depending on where you live, your home may easily be worth over a million dollars. To my surprise, there are over three hundred $1,000,000+ listings within the city...
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Meet Ashley and Ryan There are many high-income earning households across Canada. Some of them may have stepped into high-paying roles early on, while others have had careers that had the potential for high incomes that were not realized until 15 or 20 years or more...
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I follow a few Facebook pages that have to do with personal finance, retirement, etc. In a post, a man I’ll call Alan is 35 years old and has recently received a $100,000 inheritance that he hopes to use to build up his retirement savings....
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Meet Emily As a 34-year-old engineer living in Hamilton, Ontario, Emily has achieved considerable success in her career. Working for a well-established and growing firm, she earns a comfortable income, enjoys the fruits of her labour, and loves the finer things in life. Yet, despite her...
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What is a Trusted Contact Person? The concept of a Trusted Contact Person (TCP) was mandated by Canadian securities regulators in 2021. The purpose of asking clients to name a TCP is to provide an additional layer of protection for the vulnerable, particularly seniors, who are...
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