Post Tagged with: "Financial Fitness"

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Financial Fitness: What the heck is an annuity anyway?

When it comes to retirement income, registered retirement income funds (RRIFs) are by far the most popular choice for Canadians. About 80 per cent of us convert our registered retirement savings plans (RRSPs) to RRIFs. But while RRIFs are suitable for most retirees, they aren’t for everybody. For some, an […]

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Columnists

Financial Fitness: Have business succession plans

If you own a business, you may follow a “do it now” philosophy—which is, of course, necessary to keep things running smoothly. Still, you need to think about tomorrow, which means you’ll want to take action on your own retirement and business succession plans. You’ve got some attractive options in […]

If you're looking for a flexible savings vehicle, take another look at the tax-free savings account. (Image by damianosullivan)
Columnists

Financial Fitness: Reduce investment stress

We know that stress can have many adverse affects on our lives and can affect the quality of our health. Cutting out stressors, including in investment activities, can have a positive affect. But how? Here are a few possible stress-busters. Know your risk tolerance. If you’re constantly worrying about the […]

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Financial Fitness: The trick is to stay on track for retirement

Living paycheque to paycheque? Unexpected expenses regularly throwing your retirement savings goals off-track? This is a good time to schedule a financial-planning checkup with a financial adviser. The key to staying on track for retirement is having a plan. Contrary to what you may think, developing a proactive plan is […]

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Financial Fitness: Estate planning isn’t just about dollars and cents

When people hear the words “estate planning,” they often assume it’s an activity only for retirees or near-retirees, but if you have a family, it’s never too soon to create your estate plan. Estate planning can seem like a daunting task, but you’ll find it easier to handle if you […]

Retirement is puzzling at the best of times. Make sure you have all the pieces.
Columnists

What’s my retirement number?

There’s been a lot of talk lately about how everyone needs to hit a certain “number” before they can retire comfortably—a number that is, frankly, intimidating to many Canadians. Is it true? Your so-called “number” or retirement savings threshold won’t come from a simple formula. Contrary to what some may […]

If you're looking for a flexible savings vehicle, take another look at the tax-free savings account. (Image by damianosullivan)
Columnists

TFSAs are a more flexible savings choice

The tax-free savings account, or TFSA, is frequently called “a registered retirement savings plan (RRSP) for everything else beyond retirement.” Unlike an RRSP, you can access the money in your TFSA with no tax consequences for any need, and the amounts withdrawn are added to your contribution limit amount in […]

A savings holiday is tempting, but don’t do it
Columnists

A savings holiday is tempting, but don’t do it

We’re well into the holiday season now. And while the holidays are joyous, they can also be expensive. At this time of year, many people make spending decisions they end up regretting. But you can enjoy the holidays and still stay on track toward your financial goals by following a […]

Insurance can last a lifetime – if you need it to
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Insurance can last a lifetime – if you need it to

By Deborah Leahy September was Life Insurance Awareness Month in the U.S. When you consider the benefits you and your family may receive from life insurance, you might agree that Canada should also have a month focused on this important part of your overall financial picture. According to the 2012 […]

Columnists

RESPs make valuable gifts for grandchildren

by Deborah Leahy If you’re a grandparent, you already know the pleasures of having grandchildren in your life. And like so many grandparents, you may be looking at ways to help your grandchildren get the most out of their lives. Perhaps the most valuable thing you could give to your […]