Canadians have many admirable qualities, but the ability to save isn’t one of them. According to Trading Economics, our household saving rate is 5.8%, which is below our historical average of 7.48%.
Over the next several decades, it’s estimated that Baby Boomers will pass down $30 trillion in assets to future generations. If you shudder to think what your beloved kids may do with the money you worked so hard to build, you’re not alone.
Here’s an old investing rule you’ve probably heard and maybe even ascribe to: When you’re younger, hold more equities and when you’re older hold more bonds.
Your workdays are filled to overflowing: an electronic flood of emails to answer, a glut of ongoing projects to manage and move forward, a slate of must-attend meetings… and whatever else gets thrown at you during the day.
Have you considered a private school education for your children? If so, you are part of a nation-wide trend.
According to an Investor’s Group study, recently retired women are more worried than their male counterparts about stretching funds over their remaining years.
One thing that many people forget to do after a life change is to update their will. Most people write it, file it and then forget about it.
Finances can be tough to talk about, but keeping your money issues a secret can be bad for your personal and financial health.
You’re ready to head off for college or university and you know your money will be tight.