Finances are challenging for any relationship and they become even more challenging in the case of multiple marriages or common-law relationships, especially when they include children from previous and current relationships.
In July of 2017, the Bank of Canada (BoC) raised its key interest rate by 25 basis points, from 0.50 percent to 0.75 percent. The upward move, the first in seven years, was quickly followed by Canada’s largest banks raising their prime interest rates.
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.