This year’s Life Insurance Awareness Month spokesperson is retired NFL MVP quarterback Boomer Esiason. Boomer speaks from the heart about the hardship his family faced when his mother, Irene, died when Boomer was only...
Long term care insurance is bought with your good health. The right time to purchase coverage is: when you are concerned enough to plan for your future, you have decided that you do not wish to...
For most of us, we learned how to handle money the moment we were given our first lunch money or school allowance. Back then, the only thing we needed to worry about was how...
Seg funds vs Mutual funds Segregated funds are an annuity issued by an insurance company. They are similar to a mutual fund except for the fact that they come with capital or income guarantees as...
“Debt Consolidation” is a term we often hear on radio or TV advertisements. Unfortunately, many of these advertisements do not explain very well exactly what debt consolidation is! The purpose of this article is...
Which should I choose – RRIF or Annuity? Congratulations, your last day of work has finally arrived its time for Retirement! Now what? What are you going to do with all the free time? What will...
We’ll here we are finally for the final chapter of this trilogy, paying back your RRSP Home Buyers’ Plan. Now that you’re all moved and have finally memorized your new postal code it’s time...
In a Tax-Free Savings Account the growth is tax sheltered. Assume you invest $3,000 after-tax money annually into a TFSA and the same amount into a non-registered account. Both investments have a rate of...
In 2008, an Ipsos Reid poll showed that 51 per cent of all Canadians expected to be fully retired by the age of 66. In 2011, the same poll showed the number had dropped...
Under the Home Buyers’ Plan (HBP), you and your spouse can withdraw up to $25,000 from an RRSP to buy or build a home. The HBP withdrawal limits were increased to $25,000 from $20,000...
