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.
With house prices rising so rapidly over the last five years, many people are tearing down their homes to build new ones instead of purchasing a new place elsewhere.
If you’ve been saving diligently in a Registered Education Savings Plan (RESP), there should be enough money to cover most if not all of your child’s education and living expenses.
Boomers are often optimists – but, according to a recent survey, they can also be unrealistic about their health and the state of their finances in retirement.
Some things are difficult to talk about with family – and death leads that list. The reluctance is understandable but now is the time to have a conversation about death and money with your loved ones.
The hand-off. It’s the simplest play in a football coach’s playbook. But as any sports fan knows, even the simplest play can go wrong for any number of reasons. The same could be true of your family cottage hand-off.
As a father, mother or grandparent who has done well in life, you have probably considered giving financial gifts to your adult children or grandchildren while you are still alive instead of, or in addition to, providing an inheritance to them when you are gone.