I just read an interesting article by Joe at Retire by 40 on work hard, play hard. In the article Joe gives his personal definition of what it means to work hard, play hard and what the phrase means to him. Although I may have different illusions of what the term means to me, Joe… Continue Reading
Category Archives: Retirement
You’re Young. The Economy is Bad. Time to Invest in the Stock Market?
The following is a guest post. Please go ahead and share your own thoughts in the comments section. The current recession and bear market has created difficulties and decisions for private investors across the board, but reactions are slightly different depending on one’s age. Older investors have been switching over to safer investments, such as… Continue Reading
Safe Retirement Withdrawal Rates and Probable Outcomes
[Ed Easterling of Crestmont Research] favors us with yet another book, called Probable Outcomes: Secular Stock Market Insights, in which he takes on the mostly silly research, done by so many analysts, that purports to show what an investor can expect to make from his retirement portfolio over time. I can’t tell you how disastrous… Continue Reading
5 Reasons to Skip the RRSP Contribution this Year
The conventional view serves to protect us from the painful job of thinking. ~J.K. Galbraith Update: This article was included in the Canadian Personal Finance and Investing Carnival #14. Thanks! January is already coming to a close and February will soon be upon us. In the Canadian financial realm, that usually means a mad dash… Continue Reading
Get Your Inheritance Early – And Other Ways Your Parents Can Save Thousands in Taxes in Retirement
The following is a guest post by Frank Wiginton CFP, FMA, CIM, FCSI. I want to start off by saying that I am not advocating anything that could get you put away! What I am recommending is that you speak with your parents about saving them thousands in taxes throughout retirement. Those who are in… Continue Reading
Variable Returns Can Work Against You in Retirement
The following is a guest post by Jim Yih, a fee-only advisor, best-selling author, financial expert, and syndicated columnist. Currently, Jim specializes in putting financial education programs into the workplace. For more information you can visit his websites at Retire Happy or Wealth Web Gurus. Variable Returns Create Timing Risk One of the problems of… Continue Reading
RRSPs: Taking Money Out
Life is not long, and too much of it must not pass in idle deliberation how it shall be spent. ~ Samuel Johnson Our series on RRSP Basics continues today with some information on how and when to take money out of your RRSP. Withdrawing Money Before You Retire The idea behind RRSPs is that… Continue Reading
RRSPs: What Should You Put in Them?
The road leading to a goal does not separate you from the destination; it is essentially a part of it. ~ Charles DeLint Update: This article appears in the Carnival of Personal Finance #242 – Fun Tax Facts at Cash Money Life. Thanks Patrick! Yesterday we began a series on RRSP Basics with a primer… Continue Reading