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As the coronavirus continues its global spread, Canadians are worried not only about their health but also about their retirement plans. Many people’s hard-earned investment portfolios have already taken a beating as stock markets plummeted this week over concerns of the virus’s impact on the economy.
How’s an ordinary investor supposed to save for retirement in these crazy markets? Four experts share their views
The point of investing is to grow your money. Financial markets today look like they’ve conspired to prevent this from happening. What’s an ordinary investor saving for retirement supposed to do? Let’s check in with four experts who have seen plenty of past market corrections between them.
The Home Buyers’ Plan (HBP) and the Lifelong Learning Plan (LLP) are two advantages of investing in a registered retirement savings plan (RRSP), as they allow Canadians to pull funds from their RRSPs – interest- and tax-free – to buy a home or get educated, then pay it back over 15 years for the HBP or 10 years for the LLP.
Last week was stock market nastiness at its worst. Prepare for the possibility of more to come. How, exactly? Veteran financial planner Rona Birenbaum has some thoughts.
Rona Birenbaum remembers vividly what it was like starting her own fee-only financial planning firm in Toronto two decades ago as a young mother in her 20s. At the time, Caring for Clients was one of only a handful of its kind in Canada.
There’s just one week left to make a contribution to your Registered Retirement Savings Plan (RRSP) for 2019, with March 2nd being the deadline for doing so.
Scroll to the bottom of Global News Money 123 to find out.
Property values have risen steadily across Canada in recent decades, giving retirees who own their homes some extra financial cushion for their golden years.
An all-female team may offer investors a different, perhaps more relatable, approach to financial advice.
The beauty of tax-free savings accounts is their simplicity. You put money in, watch it grow tax-free and take it out whenever you want, also tax-free. That’s it.