Category Archives: Ask Your Money Coach

Should I take CPP at age 60?

By Barbara Knoblach, PhD The long summer evenings are over. The kids are back at school; homework, lessons and sports practice have begun to fill the family calendar again. Summer holidays and backyard BBQs are now just photo memories on … Continue reading

Posted in Ask Your Money Coach, For your information


How Can My Home Equity Support My Retirement Goals?

By Christine Williston, B.A., FPSC Level 1® For older Canadians, with a paid or almost paid mortgage, ever increasing home values feels like watching winning numbers come up in the lottery. But how best to cash in the ticket? Or should it even … Continue reading

Posted in Ask Your Money Coach, Money Coaching, Retirement savings


How to Make the Most of Your Inheritance

By Janet Gray, B.A., B.Admin, CFP®, CHS, EPC, CPCA Waiting for an inheritance is not a solid financial plan. But the fact is, Stats Canada reports that the total net worth of Canadians over age 65 is $2.18-billion, and much of … Continue reading

Posted in Ask Your Money Coach, For your information, Money Coaching, Will & Estate Planning


How Do I Take Money From My RSP in Retirement?

By Tom Feigs, CFP®, CET What do you think when you hear the term RSP? If you are like many people, you probably think: contributions. Certainly the banking industry focus is on RSP sales, because that’s where they make their money. … Continue reading

Posted in Ask Your Money Coach, For your information, Retirement savings


I Make a Good Income, But Can’t Get Out of Debt. What Should I Do Differently?

By Kathryn Mandelcorn, FMA You did all the right things. You went to school and earned a good education. You’ve worked hard and been promoted. You earn upwards of $100,000 a year; yet increasing debt has your stomach in knots. You … Continue reading

Posted in Ask Your Money Coach, Debt


Ask a Money Coach: Which tax software would you recommend?

  Around this time of year our Coaches are often asked which tax software they would recommend to individuals who would like to file their own taxes online.  Here is a round-up of responses on three of the most popular … Continue reading

Posted in Ask Your Money Coach


How Do I Break Up With My Investment Advisor?

By Steve Bridge, B.A. (Hons.), FPSC Level 1® How did you choose your investment advisor? If you are like many Canadians, your advisor is the one who had an open slot when you called your bank for an appointment, three, five … Continue reading

Posted in Ask Your Money Coach, Investing


Are You Ready for the Truth About Your Investments?

By Karin Mizgala, Co-founder and CEO Money Coaches Canada Choosing a focus word for the year ahead has become a popular New Year’s activity. Words like flourish and balance are trendy, unless you work in the financial services industry, where … Continue reading

Posted in Ask Your Money Coach, Financial Literacy, Investing, Money Coaching


RRSP vs RESP: How to Make the Right Choice?

By Bruce Q. Thompson, B.Admin, CFP® From the moment our children are born we want the best for their future. Success is never guaranteed, but we hope to be able to offer them opportunities. And what better opportunity is there than … Continue reading

Posted in Ask Your Money Coach, Investing, Money Coaching, Retirement savings


6 things to consider before investing in a rental property

By Karin Mizgala, co-founder and CEO Money Coaches Canada The average Canadian house price hit $508,567 in March however that number is skewed by the incredibly hot real estate markets in Vancouver and Toronto. If you remove those markets from … Continue reading

Posted in Ask Your Money Coach, Investing