My RRSP Portfolio Update: 2014
I’ve revamped my RRSP strategy several times over the last few years but now the goal is crystal clear: Use up all of my unused RRSP contribution room within two years and then contribute enough each year to max out my RRSP going forward. Contributing to a defined benefit plan at work means I receive a…
Read MoreIncome Splitting 101: Tips On Keeping It In The Family
South of the border, the heads of U.S. households can elect to file joint income tax returns, pooling their income and deductions. This option brings considerable tax savings to families in which one spouse has a significantly higher income than the other; their joint tax bracket will likely be lower than it would be otherwise.…
Read MoreThe High Costs Of Health Care
The grim reality is that our population is aging and this is always a factor in health care costs. All the technological advances and health care innovations keep us living longer and longer while managing chronic conditions that would have resulted in death not that long ago. Related: How mobile technology can improve your health…
Read MoreMy Loyalty Never Got Me A Free 42″ TV
Anyone in marketing can tell you that it costs a company more to acquire a new customer than it does to keep an existing one. That’s because few of us like change, particularly the type of change that can disrupt our day-to-day lives. It’s a hassle to switch banks, or internet and cable providers, so…
Read More14 Ways To Save Money On Travel
Travel is easily the thing I love to do most and last year I talked about Money Savings Tips From A Budget Savvy Traveler where I covered pre-trip planning. This is long overdue but I’m back with more travel saving tips to help you hit the ground running. Here are 14 ways to save money…
Read MoreLong Term Care Insurance: To Buy Or Not To Buy?
Did you know that your chances of living to 100 years old are now better than ever? Living a long and fruitful life may be seen as a great gift. However, the chances that a 65-year-old will require long term care at some point in life are 49 percent for men and 65 percent for…
Read MoreWhen Being A Landlord Can Pay Dividends
To me, the idea of becoming a landlord and owning a real estate empire sounds better in theory than practice. I can barely look after my own home maintenance, let alone having to manage another property. There’s also a major lack of diversification when you put all your eggs in the real estate basket –…
Read MoreHow Safe Are Your Bank Deposits?
Canada is widely considered to have one of the safest banking systems in the world. The “Big 5” banks have proven to be safe and stable companies, both for depositors and stockholders, and neither have any worries about their money. Related: How Baby Boomers Changed The Banking Industry However, the 1980’s saw one of the…
Read MoreHave You Considered A Permanent Retirement Overseas? Read This:
Tired of shovelling snow, thousands of Canadians have decided to live in a warmer climate. We’re familiar with snowbirds, but there are many who are choosing to move permanently to somewhere nice and sunny – a place where the pace of life is slower and the quality of life higher. Why move? There can be…
Read MoreHow The Behavior Gap Affects Investor Returns
The key to successful investing is not the investment performance but the investor performance. Many of us believe that our goal as investors is to search for the investment that is better than average. But it turns out that searching for this so-called best investment leads to behavior that ends up costing us money. The…
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