Categories: Ask Your Money Coach
How to Make the Most of Your Inheritance
By Janet Gray, B.A., B.Admin, CFP®, EPC, CPCA Waiting for inheritance is not a solid financial plan. But the fact is, that in 2018 Stats Canada reported that the total net worth of Canadians 65 or older was $2.30-billion, and much … Continue reading
Should I take CPP at age 60?
By Barbara Knoblach, PhD, CFP® With every changing season or life stage, we tend to reflect and look towards the future. We hold memories close and feel excited about what is to come. Such reflection is an opportunity to pause … Continue reading
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
How You Approach 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
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
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
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
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
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
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