Posts by Boomer
Spotting The Crooks
Be careful of claims of guaranteed above average returns with no risk. Look at some of the red flags that can indicate a fraudulent scheme.
Read MoreIs An RRSP Loan Necessary?
If you simply don’t have the money to come up with an RRSP contribution you may think that getting an RRSP loan is the only solution.
Read MoreConsider A Life Annuity
If you want to turn your RRSP savings into something that more closely resembles a true pension, then you might want to consider purchasing a life annuity.
Read MoreShould You Keep Your Company Pension Or Take The Commuted Value?
Employees may be given the choice to stay in the company pension plan and receive a lifetime monthly pension at retirement, or take the commuted value out of the plan.
Read MoreRetirement Plan B: A Light Hearted Look
If I don’t think I’ll have enough money to live comfortably in my old age, I have a retirement plan B – move in with one of my kids!
Read MoreJoint Accounts: Understanding The Risks
There are two ways that a joint account can be held: joint with right of survivorship and tenants in common. You need to understand the risks.
Read MoreIs Your Investment Loan Tax Deductible?
Not all investment loans qualify. An investment loan must meet certain specific criteria before the interest payable is tax deductible.
Read MoreAmerican Depository Receipts
American Depository Receipts, or ADRs, are stock certificates of a foreign company that are registered in the name of a U.S. trust company or investment bank.
Read MoreFinancial Procrastination: Paying The Price
One of the worst prices you pay for procrastinating is in the financial or wealth area of your life, yet procrastination is the most common excuse for not getting important things done.
Read MoreecoEnergy Retrofit Program
I researched the rebates our governments offer for making your home more energy efficient. With the ecoEnergy retrofit program, homeowners are eligible to receive up to $5,000 in grants.
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