Many Canadian parents pay a hefty portion of students’ tuition fees, even if it means sacrificing their financial stability, to help their children avoid a post-graduation life burdened by tens of thousands of dollars of student debt. Ross Campbell, a 56-year-old financial planner, and his wife knew they wanted to help
After coming of age during the worst economy since the Great Depression, many members of the Millennial Generation have become wary of the stock market. But by putting their money into so-called “safer” investments, these young people are actually putting their future retirements at a much greater risk. Over the
Fixed income is considered by most investors to be the cornerstone of a well-constructed portfolio, usually through investment-grade bonds with laddered maturities. For more than 30 years, this has worked well, rewarding investors with a steady stream of income and well-preserved capital. But we now find ourselves at a well-covered
The recent global financial crisis did more than ravage investment portfolios, wipe out employment and force people out of their homes. It also obliterated trust in the financial services industry by the people who use it most – investors. A new international study says a mere 53 per cent of
Planning for retirement can be overwhelming. It requires thinking about long-term goals and it forces consideration of a more sensitive subject — one’s own mortality. An RBC study reports that only 52% of Canadian boomers actually put a plan on paper despite understanding its importance. However, they worry about it.