Some older personal finance rules may no longer apply, experts say
Should you always save 10% of your income? Maybe not. Start saving for retirement in a Registered Retirement Savings Plan as soon as possible. Make…
Understanding the Current Investment Reality
Would a 20% allocation or more to gold makes sense? Gold has been misunderstood and ignored by retail investors, financial advisors and pension managers as…
Millennials, Gen Z try to build retirement savings
A Betterment for Business survey finds them struggling with conflicting priorities and a lack of advice. Members of Gen Z and millennials understand the value…
Appeal court overturns dismissal of pension class action
An Ontario court has ruled that pensioners’ interpretation of a cost-of-living clause should prevail Ontario’s appeal court has overturned a lower court decision dismissing a…
The fate of TFSAs upon death
In general, there are three potential outcomes when a TFSA accountholder dies, depending on the preparations made Tax-free Saving Accounts (TFSAs) were introduced just a…
Burden of Debt A Worry For Many Canadians
CIBC POLL FOUND ONE IN FOUR CANADIANS SAID PAYING OFF DEBT IS MORE IMPORTANT THAN BUILDING THEIR SAVINGS The burden of debt is top of…
A workplace pension could be worth three times an RRSP — yet only 37% of Canadians have one
A workplace pension could be worth three times an RRSP — yet only 37% of Canadians have one Jason Heath: Canada’s pension coverage lags G8…
Term life vs whole life insurance: which one to buy?
Having to consider your own mortality is a sensitive subject. It’s made even more complicated when you consider the financial well-being of your dependents. Luckily,…
Why whole life insurance is a bad investment
A while back I wrote about the mistakes I initially made when purchasing life insurance policies for myself and my wife, and one of the things I…
Survey challenges justification for DSCs and trailing commissions
Many investors receive little advice for the fees they pay Many mass-market and small investors paying for advice through commissions aren’t receiving basic financial planning…