Guiding you along your financial journey
Question. Hi, I recently received an inheritance of $50,000. Currently, I have about $107,000 in my RRSP, and since I’ve never been able to maximize my contributions, I have a contribution limit of over $60,000. Also, I owe $220,000 on my mortgage. My question is, what should I do with the $50,000 inheritance? Should I contribute it to my RRSP, […]
September is the worst month on average for stocks, but this September was a good one with equity markets performing well. Bonds were down slightly and REITs again performed well.
Question. I’ve been a software developer with an engineering firm for many years. Although I enjoy software development, I feel I’ve outgrown my role, as there is no room to advance at my firm. I have several potential contract opportunities, but I’m nervous about leaving my employer. I have a great benefits and pension plan, and despite the opportunity for […]
August was a down month for most equity markets, however Canadian stocks were one of the few positives. Meanwhile bonds and REITs performed well.
July was a quiet but positive month for most equity markets. The US Federal Reserve cut interest rates for the first time in over a decade which rattled markets at the end of the month.
Question. I’ve seen a few commercials on television about wills, and I’m wondering if I should have my will completed? I’ve never had one, and never really felt the need for one. But recently, I’ve started thinking about it more and more. I’m in my 30s, and although my partner and I currently have no children, we are thinking about […]
Should You Commute Your Pension? Question. I’ve just left my employer, and received some documents regarding my pension. In particular, I have to make a selection between 2 options – pension or commuted value. First, can you tell me what this means? And second, can you help me decide what the right choice is for me? Answer. Great question, and […]
June saw most equity markets rebound from their May declines. Despite the volatility, most equity markets remain up double digits for 2019.