Financial planning is a broad, generic term that can mean different things to different people. Too often, it is associated with financial products like mutual funds or life insurance. For others, it’s simply about getting ahead financially. If you Google “financial planning,” you will find a lot of attempts at explaining what financial planning is….
In my workshops, I often use a flip chart to draw concepts for people. Tom Drake suggested that I buy a Wacom Tablet and draw some of these concepts for my readers as illustrations in my posts. I’ve been having a lot of fun with this so I’ll keep these drawings coming but I’d love…
Psychology plays a big role when it comes to money and especially investing. Most of us know we are supposed to BUY LOW, SELL HIGH to make money so why is it that over and over again people do the opposite. When things go down, they panic and want to sell or want to make…
Planning retirement is like getting ready to get married: lots of details, dreams, and hopes. Often the plans are about the wedding and the honeymoon rather that the life time partnership to follow. With retirement, the thoughts are of the celebration and the honeymoon period rather than the New Normal that will be the next…
RRSP season is here again! Every year the first 60 days of the year marks an annual financial ritual where Canadians can buy RRSPs and use the contribution as a tax deduction against their previous years tax return. How much can you contribute to your RRSPs? Basically, there is a formula to determining your RRSP…
We are in the heart of RRSP season so time is of the essence and I need to make this week’s round up short and sweet. Pension reform continues to be a big topic so I continued to write about it in my posts on Retire Happy Blog and other places. This Week I Wrote:…
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