Net Worth Update: 2013 Year-End Review

As I put the numbers together for my 2013 year-end review and net worth update I realized that I made two critical errors in my financial plan this year: my financial goals were wildly optimistic – I wanted to achieve a net worth of $360,000 – and I got lazy and...

Best Of Boomer & Echo: 2013 Edition

I’ve had a great holiday break and now that the year is coming to a close I’m getting excited to see what 2014 will bring.  Our kids are growing up fast – my wife informed me that we’ll have to register our oldest child for kindergarten in a few weeks – and I know...

Weekend Reading: The Third Rail Edition

Attempts to enhance the Canada Pension Plan (CPP) failed this week as Ottawa decided to kick the can down the road and wait for the economy to improve before making any changes to contributions and benefits.  Provinces are now looking into their own solutions,...

CPP’s Child Rearing Dropout Provision

One way you may be able to increase your CPP benefits is by taking advantage of the “Child Rearing Dropout Provision.” If you stopped working – or worked fewer hours – to care for your young children under the age of seven, that period could be excluded from your...

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