Latest Updates Around The World
How do I know if I’m ready to hire a financial advisor? You should strongly consider hiring a financial advisor if you have a significant amount of money available to save or invest. This can happen after years of making annual contributions to a retirement plan such as a 401(k) through your employer or suddenly […]
Or, as American retirement guru Wade Pfau recently put it: “A retirement income plan should be based on planning to live, rather than planning to die.” The Michael James blogging recently highlighted that quote. Retirement is usually about planning for an unexpectedly long life, often exacerbated by inflation. After all, a 65-year-old Canadian woman can […]
How Do I Know If I’m Ready to Hire a Financial Advisor? You should strongly consider hiring a financial advisor if you have a significant amount of money available to save or invest. This can happen after years of making annual contributions to a retirement plan such as a 401(k) through your employer or suddenly […]
While moving home can help you achieve your goals faster – paying off debt, replenishing your emergency fund or saving for a home – experts say it’s important that the decision is based on intention and that you have a good plan. Plan timelines and expectations in advance Jeri Bittorf, financial wellness coordinator at Resolve […]
Make finances easier with automation Automating your finances generally means setting up automatic payments for bills and recurring investment or savings deductions from your bank account. It may sound tedious to set up, but once most bill payments are automated, experts say it can bring structure to your finances and set your budget up for […]
What you should check monthly Budgeting should be done consistently and frequently, says Jason Heath, a consulting-only financial planner at Objective Financial Partners. “If you really want to know what you’re spending money on, and find ways to spend less, that should be a very frequent exercise,” he said, suggesting people do it monthly — […]
Many Canadians missed important goals A year ago, 51% of respondents in a similar poll said they wanted to pay off their debt by 2025, but only 26% were successful. A similar number, 49%, had the ambition to save for the future last year, but only 30% of this year’s respondents said they accomplished that […]
Experts say you don’t need to rush the analysis during peak season. Instead, you can break the task into smaller parts and prioritize them based on deadlines. First, think about the big changes in your life this year, says Brian Quinlan, a certified public accountant at Allay LLP. “What happened to your life in terms […]
Hood, who had been living with her parents in Aurora, Ont., since graduating from college, recalled applying for a job that she felt perfectly matched her qualifications. The company had to close the application portal early because more than 450 resumes had been submitted, she said. Even jobs for which she thinks she is more […]
How do I know if I’m ready to hire a financial advisor? You should strongly consider hiring a financial advisor if you have a significant amount of money available to save or invest. This can happen after years of making annual contributions to a retirement plan such as a 401(k) through your employer or suddenly […]
