Archive for February 2015
Unlocking Funds From a LIRA Due to Financial Hardship
I’ve long been an advocate of joining your company pension plan, if one is available. But the days are long gone when an employee started at one company and remained there for up to forty years (or more) before being pensioned off. Today it’s not unusual to have many different places of employment. Some studies…
Read MoreNew Tax Credits Announced – Are You Eligible?
If your New Year’s resolution was to get your finances organized, you should make sure efiling your tax return by the deadline is on your to-do list. Your tax return is an important financial document and tax planning should really happen year round. The good news for your 2014 tax return is there are some…
Read MoreWeekend Reading: RSP Ready Edition
RRSP season is in full swing and this Tuesday February 10th from 12pm – 1pm EST I’ll be participating in Tangerine’s RSP Twitter chat to talk about all things retirement. What’s the best retirement advice you’ve ever received? What’s at the top of your wish list once you retire? Is your retirement reality different than…
Read MoreRetiring After Self-Employment: A Boomer & Echo Financial Makeover
After running a successful business, the O’Sullivan’s want to gradually scale down their involvement before selling, and spend their winters in Arizona. Is this couple on track to meet their retirement goals? Family Profile Jerry (55) and Monica (53) O’Sullivan are self-employed. They live in Sarnia, Ontario. They own a home worth $700,000 with a…
Read MoreA Saving and Spending Formula You Can Live With
In many ways, Elizabeth Warren’s 2005 bestseller All Your Worth was ahead of its time. Warren, a relentless consumer advocate, eschews mindless frugality and focuses instead on finding the right balance so that you always have enough to pay your bills, have some fun, and save for the future. It’s called the 50/30/20 rule and…
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