Archive for June 2017
Simply Making The Most Out Of Summer Spending
Let’s talk about summer spending. For us, summer is the most expensive season and one that can get out of control quite easily without a sensible spending plan to guide us. In addition to our summer vacation, there are day-trips to the mountains, summer camps for the kids, lawn care, backyard barbeques, plus the odd…
Read MoreWeekend Reading: Debt Binge Edition
Not a week goes by without hearing how Canadians are struggling with household debt. We’re taking on too much mortgage debt, using our homes as ATMs via home equity lines of credit, we’re financing brand new vehicles, and we’re not paying off our credit card balances in full each month. A new report from the Financial Consumer…
Read MoreRetirement Planning Basics
“Will I have enough savings for my retirement years?” This question is asked a lot. There’s no one “retirement number.” It depends on multiple factors including age of retirement, where you’ll live, your health, lifestyle, whether you have a company pension plan and how much you will receive from government benefits. Many people become concerned…
Read MoreWorking With The Right Financial Advisor
When I was growing up, my dad used to do his own car maintenance – changing the oil, spark plugs and air filter, and flushing the radiator. He taught my brother how to do these chores so he could save money. Now vehicles have become a lot more complicated and not many people do their…
Read MoreBanning Commissions Won’t Lead To An Advice Gap Because Small Investors Already Get Screwed
The investment fund industry would have you believe that banning embedded commissions – or trailer fees – on mutual funds will create an advice gap. The thought being that a commission ban will cause thousands of financial advisors to flee the industry and leave small investors, those with portfolios under $100,000, without access to quality financial advice.…
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