Downsizing in Retirement: Pros and Cons

Friends of mine were talking about downsizing after they retired. The idea of having a smaller space to maintain was appealing. However, they decided against it for the time being, arguing that having more bedrooms and a bigger backyard was beneficial now that grandchildren were...

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Understanding Financial Credentials

You are looking for someone who can provide you with professional financial advice. Where do you begin? Perhaps you search the internet for investment advice. A list immediately comes up with several advisors from one of the major bank-owned investment firms. A common designation among...

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The Pros and Cons of Commuting a Pension

In years gone by, many people sought a job that would provide the proverbial “gold-plated” pension plan, by which was meant a defined benefit pension, what one might refer to as a “true” pension. That is, once you retired, you would get guaranteed, possibly inflation-protected,...

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Understanding Canadian Tax Rates

I have sometimes heard it said, “There’s no point in earning extra income; it’s just going to be taxed away.” Oddly enough, no one seems to turn away a raise.   Graduated vs. Flat Tax Canada has a graduated income tax regime. This means that the more you...

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