Being a father of three young children, the topic of education costs particularly resonates with me as I start considering where we'll be financially in about 10 short years (gulp!). Many clients list "sending their kids to university/college" as an important financial goal and make it a priority to save for this milestone event. This post crunches the numbers on a few 'home or away' scenarios for my kids 10 years from now.
Reverse Engineer your Retirement Plan
How to Survive an Encounter at a Big Bank
The 3 Simple tools your portfolio needs
Kids can manage money too
Timing the Market: Put me in Coach!
Portfolio Review: Did you pack your own luggage, Sir?
Worst Investment Advice Ever
What is the worst investment advice you've ever received? I'm sure all of us have encountered an extremely confident person offering up advice on how successful they are at investing and making recommendations on what you should put your money in. Here's a short story about a conversation I had this past week.....
That Uneasy Feeling: Time for Change
Feelings: Nothing More than Feelings
My 6yr old built an HD Antenna so we could cut cable TV
Mutual Fund Fees: Who's Stealing Your Retirement?
STOP! Only fools rush in... to RRSPs
3 Account Cash Flow System
The ETF: A giant box of assorted LEGO
Projecting Retirement: Choose Your Own Adventure
A retirement projection can be the basis for your own "Choose Your Own Adventure" book. Should I take some nice vacations with my kids now? Should I buy that sports car? Will I have enough when I am 65 to travel? The only way to really answer these questions is to take a look at your finances NOW and how they project out to the FUTURE.
Financial Priorities: What is most important to you?
Budgeting: Knowing is Half the Battle
TFSA: The Overlooked Sidekick
TFSAs are greatly overshadowed by the RRSP as a retirement account. The RRSP program has long been the default retirement program for most Canadians but is it the best retirement solution? Although it has been around since 2009, the TFSA program, with a 2017 limit of $52,000, is sizeable enough to be given serious thought as a retirement or long-term savings plan.