Give it away, give it away, give it away now Give it away, give it away, give it away now Give it away, give it away, give it away now* You have reached a level of wealth that gives you a sense of contentment. You are confident that...
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As sure as the snow will inevitably melt away in the spring, so will a portion of our income as it is paid to the Canada Revenue Agency. Many employed people will have overpaid their income taxes in the course of the year and are...
Read MoreFinancial planners often encourage their clients to think long-term. We are more cautious about the risk of living too long, longevity risk, than we are about dying young. I subscribed to the print version of MoneySense magazine for many years before it went fully online. I...
Read MoreIf you are expecting a child to come into your home, you may already be thinking about how you can help support the cost of their post-secondary education. The cost of schooling seems to be consistently outpacing inflation. How can your child positively afford it?...
Read MoreLiving in Canada, it is almost impossible to ignore the United States. It is bigger than us in almost every way, except geography. Arguably, the U.S. has more influence over the world than any other nation and has maintained that influence for decades. The size, influence,...
Read MoreOne of the insights from behavioural finance is that we all benefit from systematizing and automating our financial behaviour. Set up your bill payments to come out of your bank account automatically, and you will never worry about missing your payments again. Sign up for...
Read MoreIn earlier years, the incentives to begin your Canada Pension Plan (CPP) payments at 60 made more sense. However, a few years ago, the Federal government created a compelling incentive to delay taking CPP. First, for each month before age 65 that you begin receiving...
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Year-end lists are ubiquitous but that does not mean they are not useful. If you think you need to do something about your finances before the end of the year but aren’t sure what, maybe something on this list will be of help. Contribute to Your...
Read MoreThere is a temptation to view financial planning as little more than a dressed-up term for investment advice. Having worked in the investment industry for over a decade, it is a view I am tempted to follow. However, financial planning involves a much broader range...
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“If you want good investment performance, forget you have an account.” This seems like an unlikely recommendation. Nor does it sit well with us. “Don’t just sit there; do something!” Isn’t that the usual guidance we receive? However, action doesn’t seem to work so well with...
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