Meet John and Jane Jane and John are a couple in their early thirties. They own a townhouse in a suburb outside of Toronto. Although the commute is a bit of a burden, their jobs as an architect and software developer, respectively, allow them to work...
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In the world of personal finance, navigating the complexities of financial planning can be overwhelming. To make the process more accessible, I’m pleased to introduce FinPlan30 – a no-cost, no-obligation 30-minute conversation on various financial planning topics tailored to the Canadian landscape. FinPlan30 is, in fact,...
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The Canadian Retirement Dilemma As a matter of public policy, Canada has built several safety nets to help mitigate poverty for retirees. Among the most well-known are the Canada Pension Plan (CPP) and Old Age Security (OAS). Lesser known, but available to lower-income Canadians is the...
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“Decumulation” (I don’t really like this word, but I suspect I lack sufficient influence to change things) is the spending down of assets that have been accumulated in preparation for retirement. It is the conversion of pension plans, RRSPs, TFSAs, and other financial assets into...
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When we think of managing risk, we usually think about insurance. We buy life insurance to protect our family against the risk of premature death. We buy disability insurance to protect ourselves against the risk of a lengthy loss of income due to a disability....
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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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