Guiding you along your financial journey
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 […]
Question. Our family has been financially impacted by the shutdown due to COVID-19, and we are really having trouble making ends meet. I noticed recently that banks are offering people the option to defer their mortgage payments for a while. Is this something I should do? Are there any negative consequences? Answer. These are definitely challenging and unprecedented times. Many […]
No doubt, many of us are struggling these days as extreme social distancing measures continue, and vast segments of the Canadian economy are virtually shut down. While some of us are fortunate enough to still have our jobs and our incomes, others have not been so fortunate. For the week ending March 21st, there were over 500,000 employment insurance (EI) […]
Back in January, investor optimism soared as headlines touted great success for both US and Canadian markets. We were told Canada’s main stock market index, the S&P/TSX composite index, was expected to shatter records this year, as the market was hitting record highs. Two months later, in March, we are now dominated with headlines of the worst day in history […]
Question. Hi, I keep hearing about RRSPs in the news lately, and I know the contribution deadline is getting close. I’m wondering if should contribute to my RRSP this year, and if so, how can I figure out how much to contribute? Do you have any advice or suggestions for me? Answer. Indeed, it’s that time of year again, […]
Question. I’m planning to open an RRSP, but I don’t really know who to indicate as the beneficiary of the plan. Is this important? Answer. Yes, very important! And not just for RRSPs, but for registered plans in general, as well as life insurance policies, too. In Canada, life insurance policies and registered plans such as RRSPs allow for a […]
Question. I’ve noticed a lot of news about the US stock market recently, and how last year was a great year for investors. I have mostly Canadian investments in my portfolio, as I feel that it’s safer. But I’m wondering if 2020 will be the same, and if I should buy US investments instead? Do you think that now is […]
