You are the right age to retire. You have the right amount of money. Is that it, though? What are you retiring into? Has that even been part of your thinking? What other aspects of retirement do you need to get into place? Emotional Issues in...
Read More
I like to think that most investment advisors seek to do what they think is best for their clients. However, there are advisors who do the wrong thing, sometimes out of ignorance, sometimes due to poor supervision, and sometimes because they are predators, only in...
Read More
I occasionally participate in an online forum of retirees or near-retirees. Judging by the comments, many are suspicious of the Canada Pension Plan. It seems to boil down to three responses: The government is raiding our retirement nest egg – there will be nothing left...
Read More
If 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 More
What is Longevity Risk? “Nothing is more difficult than retirement income planning.” I have heard or read variations of that phrase multiple times in the last few years. Why is it so difficult? After all, people are retiring every day in Canada. Hasn’t this been figured...
Read More
Mutual Funds Often Have a Cost Disadvantage In my previous post, I wrote about several advantages of investing with mutual funds. That post invited a few comments about the costs of mutual funds outweighing the behavioural advantages. Although there are a relatively few mutual funds that...
Read More
One 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 More
You have saved steadily throughout your career. You have a Defined Contribution Pension Plan from work, a Locked-In Retirement Account from a previous employer pension, a Registered Retirement Savings Plan, and a Tax-Free Savings Account. You have arrived at the point of retirement. How are...
Read More
A man of my father’s generation once observed that young adults these days have an incredibly wide variety of career options available to them: computer and information technology, education, social services, publishing, film and TV production, travel and tourism, home construction and renovation, agriculture, etc....
Read More
A few weeks ago, the news was suddenly filled with stories about “meme stocks,” in particular the US video game retailer GameStop Corp (GME). Followers of the Reddit community Wall Street Bets began buying up GME, causing a huge runup in the price, at least...
Read More