Simple budgeting guide from MoneyVille.ca… “Most 20-somethings know roughly what our chequing account balance is and how much credit we have left on our credit card. But when tax season comes around, or we need to start budgeting for big purchases – like a house – a more detailed understanding of our finances, spending habits, [...]
Ten step guide on how to avoid common financial planning mistakes… “Investors faced with a New Year and new opportunities to gain — or to lose — should avoid the 10 most common mistakes made in financial planning. “It is not enough to want to make money. You need to understand what the money is [...]
Are you putting enough aside for those golden years? This Financial Post article provides couple of case studies that are worth a look… “Do all those Baby Boomers with dreams of a cushy retirement dancing in their heads have enough money to maintain their standard of living once they leave the workforce? To find out [...]
Basics of retiremenet plannnig…Each individual is responsible to plan, analyze and get ready for those “golden” years. This overview from Financial Post will provide some points on the subject of retirement… “The point is that people have to be conscious of how their spending, investment and borrowing habits can affect their retirement income. While mandatory [...]
This Financial Post article brings out some key drawbacks assocciated with RRSPs… “For the affluent, an RRSP is a vital vehicle in their retirement plan. It creates a tax-deferred environment in which high income earners, particularly well-compensated professionals and successful business owners, can build wealth over their working lives. This is critical since the returns [...]
Is RRSP a right vehicle for you? Check out this article from Financial Post… “A Royal Bank of Canada poll this week suggested fewer young Canadians are saving for retirement in RRSPs, and many analysts think that is just as it should be. “RRSPs provide little benefit to lower-income earners, and thus appropriately [...]
A simple but yet thorough budgeting approach. “Budgeting may seem daunting, but it doesn’t have to be complicated. It’s not so much what you make, but how you spend it that’s important. And in order to know how to stay in the black, you need a budget, the roadmap that tells you how much you [...]
In this article a couples financial situation is analyzed and advise is given on what they can do to improve their financial well-being. ” Situation Indebted retirees spending in excess of income and depleting capital Strategy Pay off debts, restructure spending and income Solution Retirement income is sustainable and increased In Alberta, a retired civil [...]