The coronavirus is dominating the headlines. And it is causing incredible anxiety within the ‘general populations’. Certainly investors are watching and reacting to the fear and anxiety. The virus is ‘unknown’ and that’s what makes it scary. Thing is, the short-term direction of stock markets is unknown as well. We just know that historically over […]
Defined benefit pension planning. Bad advice could cost you your retirement.
The following is a guest post by invitation. This is such an important subject, and a request I receive from readers with regularity. I’ve asked financial planner and pension expert Alexandra Macqueen to offer her expertise. This is an epic piece that many will find more than valuable. While an overview, this can serve as […]
Those nasty Deferred Sales Charge mutual funds are going away, but not fast enough.
The CSA recently put in place a ban on Deferred Sales Charge mutual funds. Ontario decided to not go along with the plan. The regulatory environment can be more than complicated. Given that, I asked investor advocate Ken Kivenko to provide a concise update on the Deferred Service Charge ban in Canada and Ontario. Take […]
Take all free monies with your Group RRSP! Plus Weekend Reads.
Here’s a plan, when someone wants to give you money, take it. It’s incredible that most Canadians walk past free monies. We say ‘no thanks, I’m good’. The place where we walk right past free monies is often at work. Our employer wants to give us money every two weeks and we take a pass. […]
Using your RRSP and TFSA to play retirement portfolio catch up.
It’s not too late. Even if you’re in your 40’s or early 50’s you can play some serious portfolio catch up. You can put your retirement portfolio into overdrive. And you can use your RRSP account to drive your TFSA account. With a retirement portfolio catch up strategy your generous tax return monies go directly […]
How to teach kids about money.
Happy Family Day for those Canadians who are in ‘Family Day Friendly Provinces’. To our American readers happy President’s Day. On either side of the border you might have some wonderful time to hang out with family. We’ll take that as an opportunity to deliver a family-themed message. How to teach kids about money. I […]