The Problem of No Pension Benefits Hannah’s Exciting Start At 24, Hannah has just graduated with a master’s degree, specializing in Information Systems and Design. She’s landed a job in the tech sector in Toronto, earning a solid salary of $85,000 per year. The Missing Piece While the job...
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The Problem Emerges Margaret's Situation At 75, and recently widowed, Margaret has decided to sell her detached home in British Columbia. She's in good health but wants to eliminate the responsibilities of homeownership. The Dilemma With anticipated net sale proceeds of $800,000, Margaret is faced with a decision about...
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It should be understood that investing can be challenging. In this case, I’m not talking about the process of investing, the purchase of a mutual fund or Exchange-Traded Fund (ETF). Rather, I am referring to the uncertainty, the inevitable fluctuations in the prices of the...
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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...
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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...
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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....
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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...
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“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...
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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...
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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...
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