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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Matthew (Matt) is a 27-year-old social worker with a Master of Social Work (MSW) degree, which he completed three years ago. Currently working in the healthcare sector, Matt has seen firsthand how financial instability can cause stress and hardship. Whether due to inadequate insurance or...
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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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Meet Emily As a 34-year-old engineer living in Hamilton, Ontario, Emily has achieved considerable success in her career. Working for a well-established and growing firm, she earns a comfortable income, enjoys the fruits of her labour, and loves the finer things in life. Yet, despite her...
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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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Meet June and Jack, a Canadian couple in their mid-30s. They’ve been diligent about saving and investing, but as they sat down to review their Notices of Assessment from the Canada Revenue Agency (CRA), they were alarmed by the numbers they saw. Despite their best...
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