Will Your Estate Plan Protect Your Family’s Future? Picture this—a couple, David and Marie, both age 65, living in Ontario. They’ve worked hard all their lives, raised four children, and saved diligently for retirement. Over and above their expectations for income from CPP and OAS, they’ve...
Read More
Meet Ashley and Ryan There are many high-income earning households across Canada. Some of them may have stepped into high-paying roles early on, while others have had careers that had the potential for high incomes that were not realized until 15 or 20 years or more...
Read More
I follow a few Facebook pages that have to do with personal finance, retirement, etc. In a post, a man I’ll call Alan is 35 years old and has recently received a $100,000 inheritance that he hopes to use to build up his retirement savings....
Read More
Saving for Retirement is Easy; Spending in Retirement – Not So Much You have been saving for retirement all your life. If you are a resident of Canada, you have been building up credits toward receiving Old Age Security (OAS). If you have been employed, you...
Read More
“Would it surprise you to know the number is $1.7 million?” You may be familiar with the commercial from Qtrade, the Vancouver-based online investment platform that partners with most of the credit unions in Canada. An interviewer asks a series of people on the streets what...
Read More
Jonathan Clements, author, founder and editor of the HumbleDollar blog, and former personal finance columnist at the Wall Street Journal, recently wrote of his diagnosis with metastasized lung cancer. He is not alone, of course. I’m sure that almost all of us can name a...
Read More
Retire Now? I am fascinated by the number of videos that show up on YouTube extolling the virtues of early retirement. Often, they will have a catchy title like, “Why Wait? Retire Now!” or something similar. Oddly enough, despite the increasing interest in retiring early, trends...
Read More
Implications for Canadian Investors Lee is a diligent Canadian investor who has been carefully building an investment portfolio over the years. Lee’s financial journey includes a Registered Retirement Savings Plan (RRSP), a Tax-Free Savings Account (TFSA), and a substantial non-registered account. Let’s examine Lee’s story and...
Read More
Introduction Concrete financial milestones can serve as checkpoints on your path to financial stability. From paying off student loans to leaving a financial legacy for the next generation or a charity, each milestone represents a significant achievement along your financial journey. In this blog post, I...
Read More
“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...
Read More