Robyn Thompson is featured in The Globe and Mail’s “Financial Facelift” series by Diane Maley. At 53, with his house paid off and more than $1 million in savings, Randy was cruising to a comfortable retirement. But his plans were turned upside down when he was...
Escape the shackles of the savings account trap You may as well face facts: You can’t “save” a million dollars. A recent survey of the market showed that the highest rate paid in a standard, plain-vanilla deposit savings account (the kind that most banks and large...
Cents and sensibility Valentine’s Day can be gushingly romantic, stressful, and exciting all at the same time. For many couples, it can often lead to proposals of marriage or other forms of co-habitation. If you find yourself in that happy situation,...
Powerful tax-deferred retirement savings plan Registered Retirement Savings Plans (RRSPs) are still the best retirement saving and tax-deferral opportunity available for most Canadians. Trouble is, many of us just don’t use RRSPs to their full advantage. Unused...
These plans will help you create tax-free dollars If your New Year’s financial resolutions have already evaporated, despite your best intentions, you might try just one more: create tax-free dollars. There’s no special magic involved here. Nor is there any...
Yes, you can spruce up your personal finances for 2020 The beginning of the New Year is often a time to turn a new financial leaf: make a budget; pay down debt; save more. That’s all commendable, but these good intentions are mostly forgotten by, say, mid-February....
Robyn Thompson is featured on CHCH TV’s “Morning Live” with six key financial planning essentials for women who are going through a divorce.
Robyn Thompson is featured in The Globe and Mail’s “Financial Facelift” series by Diane Maley. This time, high earners Toby and Cheryl wonder how to achieve their goals of a luxury lifestyle now while providing for their kids’ education and targeting an early...
Little changes can make a big difference As this is Financial Literacy month, and the theme is “Take Charge of Your Finances!”, I want to talk about the very foundation of financial literacy, the building block of successful financial management: the budget. I can...
As stock markets gyrate alarmingly in this season of market volatility, novice investors often start to have second thoughts about their investment strategy, especially those novices who don’t have a financial plan, an investment strategy policy, or a clue about their real tolerance for risk.
The big business of life, mortgage, and critical illness insurance Insurance is a numbers game. Anyone who has ever purchased any kind of life or health insurance knows this firsthand. But here’s one number you won’t often hear about: $4.7 trillion (no mistake,...
Financial planning for lottery winnings, inheritances, gifts For those few who are lucky major lottery prize winners or for those who have inherited sudden wealth, the real question isn’t how to spend it…it’s how to keep it. For people in this rarefied group, my...