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Should You Take Money Out of RRSPs to Pay Off Debt?

Written on 24 Jan, 2011 at 14:10 in Featured, Personal Finance | Comments
Should You Take Money Out of RRSPs to Pay Off Debt?

Courtesy of Balance Junkie I’ve had a lot of inquiries about this lately, so I thought I would address it today. I’ve written about RRSP Basics and RRSPs vs. Paying Down Debt, but these articles dealt mainly with general issues... (Continue reading)

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The Stages of Financial Security to Ensure Your Financial Independence

Written on 22 Dec, 2010 at 20:55 in Featured, Investing, Personal Finance | Comments
The Stages of Financial Security to Ensure Your Financial Independence

We all want financial security, but, wow, it sure does seem like a long way off to most of us, doesn’t it? It’s hard to stay focused on such a distant goal, so I like to create mental milestones to... (Continue reading)

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The Lottery and your retirement

Written on 27 Jun, 2010 at 23:23 in Personal Finance | Comments
The Lottery and your retirement

Don’t be one of the boneheads counting on the lottery to retire. Here’s why: Your chances of retiring?  Pretty close to 100% (unless, fate forbid, you die before you retire).  Your chances of winning the Lotto Max?  1 in about... (Continue reading)

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At 55 – Is it Too Late For Retirement Planning?

Written on 23 Jun, 2010 at 21:49 in Better Living, Investing, Personal Finance | Comments
At 55 – Is it Too Late For Retirement Planning?

During my day job, I meet many clients to look at their personal finances. More precisely, my mandate is to create financial plans and help clients with more than $250,000 invested with the bank. So, most of them are in... (Continue reading)

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The Basics And Benefits Of Registered Retirement Savings Plans

Written on 22 Jun, 2010 at 19:32 in Better Living, Featured, Personal Finance | Comments
The Basics And Benefits Of Registered Retirement Savings Plans

What if there was a way that you could get the Canadian government to pay almost half of the money you needed to make an investment (be it for the purchase of stocks, mutual funds, guaranteed investment certificates, mortgages etc.).... (Continue reading)

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How the Age and Pension Amount Tax Credit Works

Written on 3 May, 2010 at 3:18 in Personal Finance | Comments
How the Age and Pension Amount Tax Credit Works

As I mentioned in the Old Age Security (OAS) clawback article, a reader requested an explanation of the various seniors benefits in Canada.  While I’ve explained some income sources (oas and gis), lets get into a couple popular tax credits.... (Continue reading)

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