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Author Archives: Rick
What’s Your Legacy?
Estate planning is something that is supposed to be done before one dies. The legal document in the estate planning process is called the will. The will determines how a person’s financial affairs are to be dealt with at death. … Continue reading
Posted in financial planning, retirement
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Graduating with the Burden of Debt
Depending on whether a student lives at home or away, the cost of a four-year university education ranges between $40,000 and $85,000. Long gone are the days when a student could fund their own education with summer jobs. Many families cannot … Continue reading
Posted in budget, financial planning
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When Should You Start Collecting CPP?
The normal age to start drawing from the Canada Pension Plan (CPP) is age 65. You can begin drawing as early as age 60, but there is a penalty for taking CPP early. So this is an important question that … Continue reading
Posted in financial goals, financial planning, retirement, saving
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Confusion About the Tax-Free Savings Account
It appears that some confusion has developed over the Tax-Free Savings Account (TFSA). Much of the problem may be directly attributed to the name. The word “Savings” seems to imply for most people that the TFSA deposit must be made … Continue reading
Posted in financial goals, financial planning, investing, saving
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The Death of Old Age Security
Today’s retirees were born into a world of entitlement in which the employer, the union and the government provided a defined-benefit retirement plan and financial security from cradle to grave. This scene is changing fast. As Canadians age we are … Continue reading
Posted in budget, financial goals, financial planning, investing, retirement, saving, security
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Life Changes in a New York Minute
The phrase “New York Minute” is thought to have originated in Texas during the 60’s. A Texan took a minute to do what a New Yorker did in an instant. This short essay will illustrate how a life changing event … Continue reading
Posted in financial planning, saving, security
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What is Financial Planning?
When most people hear the term “financial planning”, they automatically think it has something to do with savings and investing. This is only part of the definition. Although saving and investing is an integral component of financial planning, there is … Continue reading
Posted in budget, financial goals, financial planning, investing, retirement, saving, security
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Is Volatility Making You Weary?
Volatility is defined as sudden and sharp movements in both directions. We are specifically speaking about the volatility of global investment markets. The year 2011 has been one of the more volatile years in history. Market trends these days don’t … Continue reading
Comments on World Events
We are often asked to give our views and comment on the current media headlines and world events. While we are humbled and honoured by this request, we are neither an economist nor a market timer. We cannot gaze into … Continue reading
Volatility Can Be Your Friend
Over the past year we have seen much market volatility, causing many investors to feel anything but settled. So why would we suggest that market volatility can be your friend? It’s simple: fear and panic leads to a dislocation between … Continue reading