Have you ever heard people joke around about dying broke or spending your kids inheritance? It may not really be a joke but I can tell you for many people, it’s just not easy to do. The thought of spending your money may sound practical but it is actually very difficult to practice. ...
Category Archives: RRSP
Canadians and Procrastination
Many of the challenges in life can be resolved by the process of time, some are created instead. While the do nothing philosophy can work on certain challenges, investing and saving are not one of them. It has been my experience that Canadians end up doing themselves a financial disservice at ...
Converting An RRSP To A Registered Retirement Income Fund (RRIF)
If you've been saving part of your income in your RRSP, by the time you retire you'll likely have a comfortable nest egg. While there are tips to reduce your taxes when withdrawing your income, there is something else you'll want to plan ahead for... the Registered Retirement Income ...
New Year’s Resolutions For Your Personal Finances
While we all hope to have our personal finances in order all year long, a new year can give us a fresh start to change some of the areas that need improvement. This first post of the year should give you some ideas of what you can do to make 2010 the best ...
What Is A Locked-In Retirement Account (LIRA)?
If you are in a registered pension plan with your employer and leave that company, your pension will be transferred into a Locked-In Retirement Account (LIRA). Locked-In Retirement Accounts are sometimes referred to as the more appropriate name of Locked-In Retirement Savings Plans (LRSP).
-
SUBSCRIBE AND FOLLOW
