Mortgage rule changes kick in July 9

Q – My husband and I are young newlyweds, and we are in the process of starting to look for our first home. We were preapproved by my bank, but now the rules have changed. How will the new mortgage rules affect me? – June R., Niagara Falls, Ontario

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Annuities and estates

Q – I am worried about protecting my income during retirement. At the same time, I want to leave something to my grandchildren in my will. I’ve heard that annuities can provide a guaranteed stream of income. But once the annuity is paid out, there won’t be much left for my estate. Do you have any advice on the best type of annuity in this case? Thanks. – Peter G., Welland, Ontario

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Selling in May could make your gains go away

Q – We’ve often heard the old market saying, “Sell in May and go away.” What is your opinion about this? Do you recommend it as a strategy? – Mark N., Guelph, Ontario

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Mid-life investment planning

Q – My wife and I own our own home. We have been diligent about paying down our mortgage but at the cost of investing in the equity markets. Our house is fully paid for now, and we are both in our mid-40s. What is your advice on how to start investing in the markets? – Jason S., Calgary, Alberta

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