In our previous article, An Annuity: Should You Consider One?, we explored such items as: Basics of annuities Different types of annuities Key retirement risks Annuities for retirement income In this post, we continue our discussion of annuities. In particular, we explore the key advantages and disadvantages of annuities, to help you decide whether or not an annuity is suitable for […]
Question. I’m planning to retire soon, and working on my retirement plan. I have a small pension, but most of my income in retirement will come from my own investments. A friend of mine recently told me that I should consider buying an annuity with my retirement savings. How can I decide if an annuity is right for me? […]
July saw equity markets continue their recovery, with some even turning positive for the year.
Last summer, we published a blog post on the Top 5 Life Insurance Q&A. We explored such questions as: How much life insurance is enough? I have life insurance through my plan at work – is that good enough? Do I have to get medical testing? How much does it cost? Is it tax-free? Those are very important questions indeed. […]
Should You Join Your Company Group Savings Plan? Question. I just started a new job recently, and have to make a decision about signing up for the company savings plan. In my last job, I was a member of a pension plan, and didn’t really have any decisions to make. But now, I have the option to enrol in a […]
As a result of the lockdown, many Canadians have now been forced out of the work. If you have lost your income due to COVID-19, and are in need of financial assistance, please see our previous post, Financial Assistance: Benefits to Get Through Coronavirus. Indeed, the economic fallout from COVID-19 and the corresponding lockdown is well-documented, and dominates the media […]
March was the worst month for global stock markets since the 2008-09 financial crisis. Bonds were down a little, while oil halved (!) in price as COVID-19 shutdowns decimated the demand for oil.
Question. Like many other people, I am now working from home due to the lockdown. I’m wondering, can I now claim home office expenses as a tax deduction? Also, my employer gave me some money to buy things such as a new webcam for our virtual team meetings, so I can work from home properly. Is this a taxable benefit […]