This article explains financial planning perfectly. If we use the medical analogy, a fee-for-service planner is like your family doctor or general practitioner.

 I will never understand why people like to classify entire swaths of the population and make conclusions on them based solely on age. 

The tax deadline is April 30th and many Canadians will soon be turning their attention to getting their tax slips in order. 

Who wouldn’t want a statistic indicating whether your accumulated wealth will support you throughout retirement across a randomized series of investment returns? 

This article compares two brothers – named after a self-proclaimed penny-pinching comedian – who deploy two very different RRIF withdrawal strategies and explains the difference in their estate taxes

This article offers the most thorough introduction to personal finance for women that I have read in a long time. 

Devote a few minutes to tax planning before the holiday celebrations begin. Many strategies take a few days to process so doing them now will ensure that you won’t miss out on the December 31st deadlines. 

This article explains the commonly-held notion that retirees who withdraw the equivalent of 4% of the portfolio in the first year of retirement and then adjust this dollar amount for inflation each year would enjoy a 30 year retirement without running out of funds. 

The financial planning industry has evolved since I began in it 20+ years ago.  Initially, we referred to “goals-based” planning to help clients to articulate what they want their money to do for them.  Instead of “retiring comfortably” we helped clients to describe “retiring with an annual lifestyle costing $50,000 per year in today’s dollars”. 

As a student of financial behaviour for over 20 years, I am always impressed with a phenomenon that can be expressed succinctly and explains our motivations broadly.  This article describes the Diderot Effect – the way in which one purchase can beget another.