Wedding season is upon us. Money management is so foundational to a successful relationship that it is often the leading cause of divorce.

Higher interest rates may be unpleasant but banks have been bracing us for this trend for some time as evidenced by the stress-tests imposed on mortgages.

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

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. 

Investors often switch advisors during a market downturn because they are disappointed in their return on investment and believe that they could do better elsewhere.  But research shows that staying invested – rather than liquidating your portfolio and starting all over again – is necessary to achieve the long-term performance that is required to support your retirement goals.  Sounds like a pretty clear case of FOMO to me.