Apr 30, 2012
Your top 10 financial essentials
What secrets are hiding in your closet? No, we’re not talking about hideous fashion crimes, nor the photographic evidence of the time you got your hair cut just like Rachel on Friends. We are here to help you take a look at what’s inside your financial closet (insert screams of panic here). If you’ve ever seen Tim Gunn’s Guide to Style, then you know the process we are talking about. Tim, the Chief Creative Officer at Liz Claiborne Inc. (NYSE:LIZ) and design mentor on Project Runway, bravely steps into the wardrobes of real-life women on his namesake TV show, ruthlessly sheds all unnecessary and ill-fitting items, then sends the subject on a shopping spree for ten essential items of clothing. With a little help from the dapper gentleman himself, the women return with the kind of classic staples they can rely on to make their entire wardrobe work: a white button-down shirt, that go-with-everything blazer, a timeless cashmere sweater, a classic pair of dress pants…and so on. read more »
Apr 30, 2012
It’s an all too common question in personal finance: how much money do I need to retire? And there’s a frustratingly vague response: it depends. Exactly how much you need varies based on your lifestyle, where you live and the goals you have for your retirement years. But one thing is clear - that final number is bigger than most people think.How big? Let’s just say that if you haven’t started saving yet, you’d better get on it. Take a look at some of the factors financial planners and advisors use to figure out how much you’ll need for those golden years ahead. read more »
Mar 19, 2012
It’s a common complaint - you’ve contributed to an RRSP for years, but the promise of a big pile of cash for retirement just doesn’t seem realistic, especially when that RRSP isn’t producing much in the way of a return. Maybe that’s why more than 60 percent of Canadians opted not to contribute to their retirement savings plans this year, according to the BMO Annual Post-RRSP Deadline Study. read more »
Feb 27, 2012
What seniors and their families need to know about this growing trend
Mickey Rooney was once one of the most critically acclaimed actors in Hollywood. An Oscar, Emmy and Golden Globe winner, Rooney is known for his roles in blockbusters like Breakfast at Tiffany's, National Velvet and more recently, Night at the Museum. At 90+ years of age, Rooney should be enjoying his golden years surrounded by loving family members. Instead, he says he has become a prisoner in his own home thanks to physical, emotional and financial abuse from his stepson. Last year, Rooney spoke out about his situation, eventually winning a court order that turned his affairs over to an attorney and out of the hands of his abuser. read more »
Jan 30, 2012
The statistics are clear: most Canadians are not preparing for retirement. According to a new poll by CIBC, more than half of Canadians surveyed said they did not feel adequately prepared for this later stage of their lives. When we published an article about the importance of investing in Registered Retirement Savings Plans (RRSPs), we were flooded with comments from readers on why they felt RRSPs didn’t work; some even suggested they were a government scam! read more »
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A girl’s guide to SAVING, INVESTING,
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