RRSPs exist as a way to help Canadians save for the future. And as an added bonus, it shelters your income in a savings vehicle the government doesn’t touch until you’re ready to retire. However, what if you want penalty-free access to the money before then? The Lifelong Learning Plan is one way to safely unlock those funds.
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Are you one of the all-too-rare, but lucky, people with a solid pension waiting for you in retirement? For those of us who aren’t so lucky, it’s wise to start investing in RRSPs as soon as work-life begins.
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The stock market can feel like a vast abyss into which you throw your hard-earned money. And, it can be hard to decide how best to invest, much less the best stocks to choose from.
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We spend most of our lives working and saving our hard-earned money. And we do that so we can retire, comfortably. Therefore, that nest egg is there to help us live our retirement in the way that we want.
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Learning the difference between a mutual fund and an exchange-traded fund (ETF), for example, can help you choose the best option for you today, and into the future. To help you decide, here is a complete guide to ETFs.
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How many of us have been planning for retirement since the first day of work? *raises hand* But have you researched the top retirement planning tips to help maximize your plans?
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If you are like most people, you have been looking forward to retirement for the better part of your career. We know that planning for retirement is an important part of any financial plan. But what we don’t necessarily know is how much money we need to retire in Canada, comfortably.
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Warren Blatt is a financial security advisor who knows from experience just how important it is to actively manage financial plans.
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How many movies have you seen that show the madness on the stock trading floor? The reality is, of course, that the stock market is a hot investment tool. And, people can and do make a lot of money by investing in stocks. But there is a lot to know about how to buy stocks.
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However, there are some fairly trustworthy places to invest that should give you returns and security. If you’re new to investing and not sure what to do, a Canadian robo-advisor might be a great choice.
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Insurance is one of those things that you pay and pay — and pay. Yet, you hope you never actually have to take advantage of the service you’re paying for. It’s there for times of trouble or disaster. And you need to have that peace of mind, but it comes at a price. And protecting your biggest asset with home insurance is essential.
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Planning for retirement is a key aspect of any financial plan. One of the best ways to make sure you have enough money to retire on is to invest in a Registered Retirement Savings Plan (RRSP). Then, watch your nest egg grow. But it’s important to understand your RRSP contribution limit to maximize the benefit.
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You’ve booked your flight and hotel. Now all you have to do is start looking up things to do and places to eat, right? Not necessarily. To create a stress-free trip, it’s also important to consider protecting yourself from some of the pitfalls of travel. But what exactly is travel insurance, and do you need it?
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Buying your first home is exciting if not an overwhelming, exercise. You save and visualize that dream home, then, you search and select your options. And with fingers crossed, you put in your offer.
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Whether you’re saving for the future or a trip, or just trying to make ends meet, a solid budget helps get you there. Actually seeing what you spend and what you owe helps you build a good credit history and score.
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Being an adult comes with a host of expenses that you can’t avoid, like food and shelter. Far too many people wince at adding the cost of insurance to their list of fixed expenses. But, life insurance is not a variable expense.
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When deciding which investment tool makes the most sense for you, it’s important to understand all of the available options. But, there is a lot to know. Learning the difference between a mutual fund and an ETF, for example, means you can choose the best option for you today, and into the future.
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Whether most of us know what a good credit score looks like in actual terms is another story. What do potential creditors consider a good score? Is there a point of no return from bad credit? And is there such a thing as a magic number to strive to attain?
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There are two different ways to benefit from investing in stocks, cash payouts and dividends. A dividend is basically an additional stock added to your account bucket. For each dividend stock you own, you are paid out a portion of the company’s earnings.
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Let’s face it, some of us need to learn the hard way that spending what we don’t have is a bad idea. Ideally, we realize this before destroying our credit rating.
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