LOOKING TO GET INVESTED BUT DON’T HAVE THE CASH?

Ask a wealthy Canadian when the best time to invest is and they’ll likely answer, “When you have the cash.”  However, that is easier said than done for most.  We want to be invested but considering the government takes around half our…

ASSETS YOU ALREADY OWN CAN SPEED UP YOUR MORTGAGE PAY DOWN

Many Canadians, although it hasn’t been easy, have managed to put aside a few dollars for retirement.  Maybe you own a few thousand dollars worth of mutual funds; maybe you own some stocks or bonds in your investment portfolio…. And that…

REVERSE MORTGAGES ARE BOOMING IN CANADA…

And that’s not a good thing.  Why?  Because it’s a direct testament to the fact that we Canadians are not sufficiently prepared for retirement.  If we were, would we be selling our house back to the bank?  No.  No, we would not. What…

PROOF THAT YOUR CORPORATE PENSION PLAN DOESN’T CARE ABOUT YOU

Journalist Josh Rubin opens up his August 29, 2019 article in The Star with: “We’ve all got that friend who says they can’t pay you back for dinner, but when you show up at their house you discover they just bought a brand new big-screen…

SPEED UP YOUR SMITH MANOEUVRE

The Smith Manoeuvre ™️ provides three benefits simultaneously.  Firstly, it improves your cash flow by reducing your tax bill.  Annual tax deductions mean that you pay less tax, which is lovely.  Secondly, it enables you to pay off your…

Many Canadian Workers Unprepared for Retirement

Canadian HRReporter just put out an article that sums up the Canadian retirement landscape wonderfully.  Lack of personal preparedness, lack of a plan – personal or corporate, unrealistic retirement expectations, and mis-aligned corporate…

Do You Have a personal Retirement Savings Plan? Do You Want to Turbocharge It?

While many Canadians may not be putting aside a certain amount of their own after-tax cash for their retirement on a regular monthly basis, many are. And if this is you, you may want to consider making your money work more than once. I'm…

Mortgage Debt - Good or Bad? That Depends!

The origin of the word ‘mortgage’: ‘mortuus’ (‘dead' - Latin) —> ‘mort’ (‘dead’ old French) + ‘gage’ (‘pledge’ old French) = ‘Mortgage’ (‘Dead Pledge’ old French) —> ‘Mortgage' (late Middle English) So…

Defined Benefit Pension Plans are Going the Way of the Dodo

I have commented at length in other articles, in my new book to be released soon and other media about how few of us Canadians are fortunate enough to have a public or private pension plan.  The majority of us have no pension plan at all. …

The Sequential Approach to Your Mortgage & Retirement

The Sequential Approach to your mortgage and your retirement - there is a better way! Here’s the problem at hand: you have an expensive mortgage that needs to be paid and you have a retirement fund that needs to be funded.  So two money-related…