Filling up your gas tank in recent months is like seeing the bill for your toddler’s birthday party – “how much?” For a smooth family life, however, both must be paid.
Inflation and interest rates have been the talk of the town in recent weeks. These are issues far-beyond our control with central banks all around the world scrambling to adjust and control them.
Intergenerational wealth, on our TV screens at least, conjures images of Succession’s Logan Roy dismissing one of his weasel kids with a sneer and expletive. Roy, the fearsome patriarch, who built his business from nothing, watches in disgust as the heirs to his throne – who do no work of any note – connive and backstab in an effort to win the keys to more money and power.
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”.