Shopping For Mortgage Rates: Fixed Vs. Variable
We had a really big decision to make before we moved into our new house last summer. Do we choose a fixed or a variable mortgage rate? The answer varies for everyone depending on their financial situation and tolerance for risk. According to the popular 2007 study by Moshe Milevsky, variable mortgage rates have saved…
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 MoreHow To Make A Better Personal Budget
When you combine proper expense tracking with a zero based approach; your personal budget becomes a powerful financial planning tool.
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 MoreIn Debt, You Should Stop Donating
When in debt there is a good case for stopping ALL giving money to charity, that even means not putting a quarter in the Salvation Army bucket at Christmas.
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 MoreRDSP: Registered Disability Savings Plan
An RDSP is an effective tool that can help families manage the financial costs associated with having, or caring for, someone with a disability.
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 MoreWill You Be Better Off Financially Next Year?
According to a recent survey, 36 per cent of Canadians think they’ll be better off financially next year compared to this year. Here’s why:
Read More