Retirement
Three years ago, a friend, Cam, told me about how his dad didn't see death coming. He didn't know that a truck would take him out while he was out doing errands for his wife.
He had no idea he was not going to return home. It was almost six months to the day since his mother had had a major stroke while she was in California.
His parents didn't have any insurance. So, they had to stabilize his mother to get her back home. That event essentially bankrupted them.
Saving for your future (including retirement or any large purchases) is an important financial goal which requires discipline and includes tax strategies. Two of the most popular ways to save for retirement in Canada are the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA). Popularity among Canadians for RRSP is higher given that it is a great way to reduce taxable income and save for retirement, while TFSAs often take a back seat. While each has their advantages and limitations, both can be used to maximize savings and compound tax benefits
When it comes to planning for a secure financial future, one term that often surfaced recently is "annuity." Annuities play a crucial role in retirement planning, providing a predictable and steady income stream for individuals during their post-work years.
Three years ago, a friend, Cam, told me about how his dad didn't see death coming. He didn't know that a truck would take him out while he was out doing errands for his wife.
He had no idea he was not going to return home. It was almost six months to the day since his mother had had a major stroke while she was in California.
His parents didn't have any insurance. So, they had to stabilize his mother to get her back home. That event essentially bankrupted them.
Saving for your future (including retirement or any large purchases) is an important financial goal which requires discipline and includes tax strategies. Two of the most popular ways to save for retirement in Canada are the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA). Popularity among Canadians for RRSP is higher given that it is a great way to reduce taxable income and save for retirement, while TFSAs often take a back seat. While each has their advantages and limitations, both can be used to maximize savings and compound tax benefits
Ellen roseman speaks to Barbara Stewart, Chartered Financial Analyst and Research, about post-pandemic non-retirement as well as her Rich Thinking research on women and money and how women are re-inventing themselves as relating to employment, post-pandemic. She also discusses her five post pandemic financial planning retirement tips.
Ellen Roseman speaks with Tim Hewson from LegalWills.ca about why everyone needs a will and the problems that are created when there isn't one upon death! They also talk about reasons that people give why they haven't yet gotten one and tips and tricks when you do decide to get a will.
Ellen Roseman chats with Shaun Maslyk, CFP and host of the podcast "The Most Hated F-Word" about our money-stories and how they affect our relationship with money. He mentions Dr. Brad Klontz and the four money-scripts or subconscious beliefs that we develop as young children about money.
Ellen Roseman speaks with Erica Alini, author of the personal finance book for millennials "Money Like You Mean It." They talk about what personal finance means to millennials and the challenges that they and Gen Z face.