Downsizing in Retirement: Pros and Cons

Friends of mine were talking about downsizing after they retired. The idea of having a smaller space to maintain was appealing. However, they decided against it for the time being, arguing that having more bedrooms and a bigger backyard was beneficial now that grandchildren were...

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Understanding Financial Credentials

You are looking for someone who can provide you with professional financial advice. Where do you begin? Perhaps you search the internet for investment advice. A list immediately comes up with several advisors from one of the major bank-owned investment firms. A common designation among...

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Mothers and Financial Planning

Mother’s Day 2022 inspired me to write this blog post on some of the financial aspects of being a mother.   Women who take time out of their careers to become mothers often find that they are held back, or pressure is placed on them to cut...

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Are You a (CPP) Dropout?

When I was a teenager, some of my acquaintances dropped out of high school. In B.C., where I grew up, the rule was that you had to be at least 16 years old to make that choice. I suspect that far fewer make that choice...

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Ten Don’ts for DIY Investors

In my student days, I remember an ethics professor saying something to the effect of, “That which is not prohibited is permitted.” Of course, one pithy sentence does not exactly provide the full range of nuance that was elaborated on over the semesters that I...

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The Pros and Cons of Commuting a Pension

In years gone by, many people sought a job that would provide the proverbial “gold-plated” pension plan, by which was meant a defined benefit pension, what one might refer to as a “true” pension. That is, once you retired, you would get guaranteed, possibly inflation-protected,...

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