“This whole notion of marriage is out of date.” Maybe. Or maybe this whole notion of marrying for love is out of date. Let’s bring back arranged marriages. Do you think that is farfetched? Although in decline, the practice of arranging meetings between prospective spouses,...
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An Honour? Many people may regard being named an executor as an honour. There is a sense that your appointment in the will means that you are trustworthy and competent to complete the task. However, while someone named to the role of executor should indeed be trustworthy...
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Take CPP at 60; Take OAS at 65 Deciding when to begin Canada Pension Plan (CPP) or Old Age Security (OAS) may not be a problem for many Canadians. The default choice is to take it as early as possible. Low-Income Earners Indeed, for some taking CPP at...
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A Recap Almost four years ago, I left a career in the investment industry that began in 2005, working for the online brokerage of one of the big banks. For the first several years, I was licensed to serve U.S. investors, or more commonly, active traders...
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I think Gordon Pape Got it Wrong For the most part, I can read investment columnist Gordon Pape’s writings with composure. Every once in a while, however, he writes things that I think just aren’t so. His article, Diversifying your portfolio – how much is too...
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Retirement is a significant milestone in one's life, representing a well-deserved transition from the daily grind to a more relaxed and fulfilling chapter. However, for many Canadians, the path to a worry-free retirement can be filled with uncertainties and financial challenges. In this blog post,...
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Ten percent per year! That’s a nice round number and what many investors think is a realistic annual investment return. At that rate, following the “Rule of 72,” you will double your account value in 7.2 years – without adding an extra dollar! Let’s imagine that...
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Introduction Estate planning involves preparing for the tasks that must be undertaken in the event of your death or incapacity. While death is inevitable regardless of your preparation or lack thereof, preparation in the form of a well-considered will can make life for your survivors much...
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“Industry organizations are calling on the federal government to raise the age at which RRSPs must be converted to RRIFs and to reduce the annual RRIF minimum withdrawal rates.” “Industry groups call for changes to RRIF rules,” by Rudy Mezzetta, Advisor’s Edge, March 13, 2023 What is...
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With the Registered Retirement Savings Plan (RRSP) contribution deadline for 2022 coming up soon and the personal income tax filing deadline close behind, most Canadian adults are focused on this annual task. I am a financial planner, not a Chartered Professional Accountant (CPA), so I do...
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