What all financial advisors should deliver When our financial affairs achieve a critical mass, we’re often advised to “talk to a financial planner” or “consult a financial advisor.” But what we’re not told is what to expect when establishing a relationship with...
…but don’t let a divorce put you in the poorhouse It’s an unfortunate fact that large numbers of first marriages end in divorce, with subsequent financial difficulties for both partners. What can couples do to avoid the financial stresses in the event of a divorce...
Low, low rates mean you automatically lose Are you sitting on a large chunk of cash in a high-interest bank account? Maybe you thought it would be “safe” because you’re nervous about stocks and bonds. Plus, there’s deposit insurance, and it’s liquid. Well, you’re...
Basic tips for a long-lasting relationship with your advisor Right now, the markets are a scary place to be for the do-it-yourself investor. And many are looking to hand over their investment planning and portfolio management to a professional financial planner,...
In a word, yes One of the factors to take into account when deciding on a target rate of return for your investments is the rate of inflation. But according to Statistics Canada, inflation was actually down -0.5% in December. With inflation rates low or declining...
Here’s what you can contribute to get a tax deduction We’ve heard much about the Trudeau Liberal government’s rollback of Tax-Free Savings Account contribution limits. We’ve haven’t heard so much about Registered Retirement Savings Plans (RRSPs). And that’s a good...
Title insurance can protect you while you’re away If you typically spend the winter months in the sunny south somewhere, your Canadian home is likely to be unoccupied. That could leave you open to mortgage fraud (even though you might not have had a mortgage on the...
Avoid these money mistakes for a more successful 2016 At this time of the year, I’m often asked what I consider to be the most common financial and planning errors most people make. Over the years, I’ve boiled it down to the seven deadly sins of financial planning....
A few basic tips to help you get started Do you have good intentions at the beginning of each year, but find that by New Year’s Eve, your finances and investments are still in a disorganized mess? If so, I have a few suggestions to help you start getting your money...
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. Money Makeover takes a look at Zachary and Diana, both 50; and five years ago, Diana was diagnosed with multiple sclerosis. The couple worries about their future once...
Cribs, diapers, toys, financial plan Congratulations! You have a baby on the way or already at home. First-time parents are typically excited, flustered, nervous, and distracted – all at once. And usually, money matters are the last thing on their minds. But...
How to make sure your investments stay on track An annual investment review not only tells you how your portfolio has performed against your benchmark, but whether it’s time to make changes to your holdings. This could happen, for example, if some investments in...