Can You Succeed With An All GIC Portfolio?
Conventional wisdom says that when it comes to investing for retirement your exposure to equities should equal about 100 minus your age. That means a 30-something should have up to 70 percent of his or her portfolio in equities to help maximize investment returns over time. Related: Building Your Investment Portfolio As you get older…
Read MoreWhat Will Our World Look Like In 2050?
I ran across a great infographic the other day which was originally put together by the BBC. It’s called “Tomorrow’s World” and it illustrates all the advancements that are at least somewhat likely in the next hundred years or so. I know what you’re thinking, “in the 60’s and 70’s they said I would be…
Read MoreLearn From The Boomers’ Mistakes
“Inside every older person is a younger person wondering what happened.”- Jennifer Yane. In a recent BMO survey 42% of Canadian baby boomers said that if they could go back in time, they would have started saving up for retirement much earlier in life. Baby Boomer Mistakes As they say, hindsight is 20/20 and many…
Read MoreWhat You Need To Know Before Buying A New Car
For many of us, buying a new car is probably the second biggest purchase we’ll make in our lives. It’s expensive, it’s a long term investment, and you rely on it. Most of all, no one wants to get screwed. Get informed…It’s free Until recently, invoice prices were not readily available to Canadians. Some companies…
Read MoreWhat Is Your Financial Future?
Why can’t you expect financial prosperity after 40 years of working? If you’re concerned about your financial future, you’re not alone. Nearly half of baby boomers fear that their retirement will result in poverty. As company pensions disappear, many boomers must rely on their RRSPs to generate retirement income but they’re uncertain how long their…
Read MoreTax Considerations For Single Income Households
Stay at home parents may do a lot of work but unfortunately it’s not a labour cost that gets reported on a tax return. For families with a single income, tax time can seem a little one sided, but both spouses or common-law partners still need to file their own tax return in order to…
Read MoreHow Mobile Technology Can Improve Your Health
We’ve all read articles about gadgets that are supposed to help you get fit and improve your health. The real question is which ones are hype and which ones really work. There are wireless scales, performance monitoring devices that clip onto your sun glasses, smartphone apps and wearable sensors that monitor your sleep. A study…
Read MoreSwitching Careers Midlife: Is It Worth It?
“Why don’t you go back to school so you can get a good job.” This from my doting 90-year-old father who is delusionally thinking his “little girl” is still in her twenties instead of a fifty-something grandmother – plus he still likes to tell me how to run my life. Although I’m a proponent of…
Read MoreChilton, Lang And O’Leary On Mutual Fund Costs
I came across an interesting video on CBC News featuring David Chilton, Amanda Lang and Kevin O’Leary. They were discussing the high costs of Canadian mutual funds, as well as some of the pitfalls to avoid when using ETFs. It’s just over a year old, but well worth a look. Highest Mutual Fund Costs It…
Read MoreUsing Your Nest Egg Early May Cost You
A Statistics Canada study indicates that more Canadians are cashing in their RRSP savings long before they reach retirement. The money tucked away in your Retirement Savings Plan can be a tempting source of cash. But think twice before withdrawing money from your retirement nest egg. The amount you withdraw is considered income for that…
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