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…
[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…
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…
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…
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…
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…
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…
Warning: Dates in Calendar are closer than they appear. ~ Author Unknown Registered Retirement Savings Plans (RRSPs) were introduced by the Government of Canada in 1957 as a means of encouraging Canadians to save for retirement. That need has only grown over the decades as corporate pensions have been cut and the number of companies…
