Whether you're single or spoken for, chances are you're fairly comfortable with your routine each year, your yearly love affair....with RRSPs. STOP! Think it oh-oh-ver....
Write your own "Choose Your Own Adventure" book - for retirement
A retirement projection can be the basis for your own "Choose Your Own Adventure" book. Should I take some nice vacations with my kids now? Should I buy that sports car? Will I have enough when I am 65 to travel? The only way to really answer these questions is to take a look at your finances NOW and how they project out to the FUTURE.
New Year's Resolution: Getting your Finances into Better Shape
5 End of year financial planning tips
We are almost in 2019! Here are 5 financial planning tips as we head towards the end of the year to help optimize your situation. While some actions should be done by the end of the year in order to qualify for this year’s taxes, there are some actions that are good practice to do once a year. The end of the year (and the beginning of next year) is a great time to look at it.
A Love Letter to my wife...about money
Tax-Free Savings Accounts: Overshadowed
TFSAs are greatly overshadowed by the RRSP as a retirement account. The RRSP program has long been the default retirement program for most Canadians but is it the best retirement solution? Although it has been around since 2009, the TFSA program, with a 2019 limit of $63,500, is sizeable enough to be given serious thought as a retirement or long-term savings plan.
Red October: A Letter to Investors
3 Index Investing Options
Cure for Insomnia: Passive Investing Options
An Inside Look at your Emotions and Investing
TFSA or RRSP for Retirement?
Playing Time: Don't Try Timing the Market
Spring cleaning action plan for your portfolio
Financial Independence/Retire Early (FIRE)
The phrase "Financial Independence" has been gaining popularity as it does not carry the same baggage as the word "Retirement". Financial Independence gives you the freedom to choose how your time is spent (paid or not) and for some, can be reached in their 30s and 40s. Read this article to see what are the key pillars to FIRE.
3 Reasons Why You Should Hire A Fee-For-Service Financial Planner
There are only an estimated 300 Fee-for-Service Financial Planners in Canada, compared to over 100,000 other financial advisors - the majority working for financial institutions that sell commissioned products. Even the best of these will be confined to their company's objectives. A Fee-for-Service Financial Planner is hired by you, the client, to create a Financial Plan and to help coach you towards your life goals without the pressure of product sales.
6 Strategies for Income Splitting
In Canada, married couples have the opportunity to use income splitting strategies. The idea is to minimize taxes your family pays by moving income from one spouse (who is at a higher tax rate) to the other spouse (who is at a lower rate).These audit-friendly strategies can help you achieve success as epic as Jean-Claude's split.
Mind over Money: 4 Exercises for Disciplined Spending
In this article, I offer some tips on how training your mind can actually help you save money in the new year. Making changes to your mindset will really help change some habits and produce positive results. It might not be as dramatic as taking the red pill in the Matrix, but are you ready to learn about the reality behind spending?
Financial Warm-up Routine for the New Year
VAVE's Top 10 Money Memes of 2017
Buying Individual Stocks: The Sucker at the Poker Table
In the film Rounders, Matt Damon’s character, Mike McDermott, is quoted: “Listen, here’s the thing. If you can’t spot the sucker in the first half hour at the table, then you ARE the sucker.” If you're an amateur do-it-yourself investor buying stocks on your own, consider yourself the sucker. Read about why you should just walk away from the table instead of trying your luck against the professionals.