Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. In this recent post, Robyn recommends a plan for a 57-year-old divorced woman who lost her job and is afraid of losing her house, which still carries a large mortgage,...
There’s more to it than just dipping into your savings accounts Q – My husband and I are both 45 and set to retire in 15 years. We have the majority of our money invested in mutual funds divided between RRSPs and cash accounts. We are looking to do some planning and...
You may have more than you think “I don’t have any money!” Sound familiar? That’s the reason most often cited for not contributing to a Registered Retirement Savings Plan. And it does seem like a problem, especially if you’re living paycheque to paycheque (and plenty...
Maybe it should be more than just cash Do you know what you have in your RRSP? I don’t mean how much money; I mean what kinds of investments. If you answered “guaranteed investment certificates” or “cash savings account,” welcome to the very large club! If so, you’re...
Yes, you should have both a TFSA and an RRSP It’s awards season again. And the red carpets are unrolling so thick and fast that they’re becoming a pedestrian hazard. In the lead-up to Academy Awards next month, we’ve already seen the People’s Choice Awards and the...