How advisors are helping clients tap into RRSPs tax efficiently amid COVID-19
As some Canadians looked to make ends meet during the pandemic, accessing extra funds may have meant tapping into savings ...
Can power savers Gavin and Audrey retire at 58 and still afford a $100,000 yearly budget?
At age 48, Gavin and Audrey have been diligently paying down the mortgage on their Calgary house, setting aside money...
Can Tim and Tamsin afford to retire after years of running a business?
After years of running a successful business, Tim and Tamsin are hoping to retire by the end of 2023...
Can Kevin and Lara retire early? And when should they take CPP?
Kevin and Lara want to quit working as soon as possible, but they’re not sure they can afford to. They are both age 58 with three children in their early 20s...
The perils of passing down the family cottage
Besides fighting through traffic snarls to get there, the family cottage by the lake has typically been viewed as a place of tranquility with a lifetime of fond memories...
Empty nesters face familiar refrain: The need to catch up on savings
Bruce and Bonnie are “middle-aged and still enjoying their professional careers in the non-profit sector,” Bonnie writes in an e-mail, but they’re looking ahead...
Early retirement goals come with tradeoffs
It’s been said that people begin seeking work-life balance in their mid-40s, and so it is with Leif and Sam. Leif, who works in education, is 46...
With an indexed defined benefit pension, does Benjamin still need to contribute to a TFSA or RRSP?
A few years back, Benjamin made a work decision that changed his life for the better. He’s 34, single and living in British Columbia, where...
Are winds in the right direction for Nancy and Nathan to reach their early retirement goals?
Vancouver professionals Nancy and Nathan are in the enviable position of being able to contemplate retiring from their jobs at age 55 while still enjoying...
Can Beatrice, 91, Afford to Stay in Her Home Indefinitely?
Before Beatrice’s husband died, they sold the family house and invested a substantial sum in a portfolio designed to generate as much income as possible...
Money 123: Make the Most of Your Money
第一个, there was the Canada Emergency Response Benefit, which millions of Canadians are well acquainted with by now. This week the government started taking...
With focus on ensuring Evelyn’s care, can James retire now or should he keep working?
A year or so ago, Evelyn and James were looking forward to their impending retirement. Then Evelyn fell ill. James’s first impulse was to...
Marguerite is back living with her partner and returns for a second Financial Facelift
In 2013, the year of Marguerite’s first Financial Facelift, she had left her home to care for her ailing mother in Vancouver...
Nearly half of Canadians are banking on an inheritance to meet their financial goals. What are the dangers?
Counting on a lottery win is disastrous financial planning, but nearly half of Canadians are banking on another kind of windfall when they look to their financial future...
Can Abby live comfortably while saving for retirement if she has no work pension and her spousal support payments end when she’s 65?
At the age of 50 and recently divorced, Abby is making independent financial decisions for the first time in her life. She knows what she has to do...