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.
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.