For many newcomers to Canada, the initial years are mostly spent trying to establish a new life – one that includes a new job, a new home and new friends. With the focus shifted to the challenges of getting settled, planning for retirement often takes the back burner. Not only that – the concept of retirement in Canada might differ than in their country of origin.
Does the motto “sharing is caring” extend to your bank account? For many couples who cohabitate, opening a joint account to deal with combined financial responsibility just makes sense. However, there are warnings to heed before you truly share the wealth.
Looking for new ways to stay active this summer? Whether you’re inspired by the Olympic spirit, or desperately trying to find a new way to occupy the kiddies, rec sports are a cheap and low-commitment way to try out something new. We’ve rounded up the cheapest sports in terms of gear and start up. Here’s to a great game!
Thinking of moving in with your significant other? Embarking on the next era of your relationship means taking the communication about your finances to the next level. While there are plenty of benefits from going dutch – paying halfsies on rent and other bills means a savings boost – financial incompatibility can be a deal breaker.
Do your retirement goals seem increasingly out of reach? The formula you’re using for saving just might be outdated. Read to learn more about the new standard retirement number – and stress less about retirement.
Seniors are amongst the most vulnerable in society – and their finances can be hardest hit by those with less-than-noble intentions. Whether you are a retiree or trying to protect your parent from masterminded financial pitfalls, here are some warning signs to abide by.
Retirement comes with age. Might seem like common sense, but it’s a fact many don’t like to consider when planning their post-pension finances. The truth is, aging – and slowing down – is unavoidable, and there are significant costs associated with this life stage. Whether you’re retrofitting your home to ease mobility, or shelling out for prescriptions, a little planning can go a long way in alleviating the costs of aging.
We’ve studied the jargon and picked our online discount brokerage – now’s the time for some stock picking! But wait – before you pledge yourself to that investment, there’s some serious research to be done. Learn how to analyze a company’s earning performance over time – and identify their risk factors – before plunking down the dough.
It’s the great Canadian dream – retire as early as you can and kick back to enjoy your golden years in relaxed style. For many Canadians, though, this simply isn’t a reality – and as pension possibilities dwindle, many are on their own when it comes to saving for their senior years. We’ve got a few ways to help cut corners – and make the most of your post-pension finances.