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...

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...

Necessity Tetris: Retirement Income Edition

Let’s play a game of Necessity Tetris (Retirement Income Edition).  Your screen is the amount of monthly income you’d like to have in retirement, and the tetrominos (yes, I looked it up) are the various sources of income you’re counting on to appear as a result of...

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