Category Archives: Ask Your Money Coach

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 65 or older is $2.30-billion, and much of … Continue reading

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


Should I take CPP at age 60?

By Barbara Knoblach, PhD, CFP® 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 … Continue reading

Posted in Ask Your Money Coach, For your information


How Your Approach to Investing Should Evolve as You Age – Part Two

By Karin Mizgala, CEO and Co-founder, Money Coaches Canada In part one of this post, I wrote about financial and investment considerations for those in their 20s. If you read that article, you may remember that I mentioned time as being one … Continue reading

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


How to Manage Your Inheritance

By Karin Mizgala, Co-Founder and CEO Money Coaches Canada Canada is on the verge of a colossal transfer of wealth from one generation to the next. Baby Boomers are expected to inherit roughly $750 billion by 2026; the largest shift of … Continue reading

Posted in Ask Your Money Coach, Will & Estate Planning


RRSP vs RESP: How to Make the Right Choice?

By Karin Mizgala, Co-Founder and CEO Money Coaches Canada 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 … Continue reading

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


How to Enjoy the Holiday Season without Paying for It in January

By Liisa Tatem, CPA, CA, CBV, CFDS, FPSC Level 1® Christmas can be like a runaway sleigh. You’re bundled up and warm, enjoying the dips and turns of holiday fun, when you realize that your budget bounced off the sleigh into … Continue reading

Posted in Ask Your Money Coach, Budgeting and Cash Flow, Money Coaching


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 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