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By Kevin Press, BrighterLife.ca More than half of Canadians 50 and older report that their retirement plan has been upset by an unforeseen event. Often, it’s a health matter. New research sponsored by the Ontario Securities Commission (OSC) confirms a key retirement planning insight we’ve reported to you in the past. In a survey of…
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By BrighterLife.ca You may think divorce cuts the ties that bind, but if child or spousal support is involved, you’re financially united for richer and for poorer. While most divorcing couples focus on splitting assets and hammering out support payments, too many neglect one major post-divorce reality: insurance. Whether you’re relying on or are responsible…
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By Paul Moser, BrighterLife.ca Having a chat with a financial advisor about your money situation can bring great news, including the discovery that your finances aren’t so bad after all. That’s what happened to me. I had thought my financial situation was a disaster and had started to see Lotto 6/49 as my retirement income…
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Source: Manulife Financial
Read MoreBy Brenda Spiering, Editor, BrighterLife.ca Toronto freelance writer, Caroline Cakebread was in her early 30s when someone she knew had a terrible accident while hiking: A rock fell on his head and he lost the ability to walk and talk. “Not only was he in the hospital for months,” says Cakebread, “he was left permanently…
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By Dave Dineen, BrighterLife.ca Who would look after your kids if something happened to you? Can your mother still live independently? The time to discuss such issues is now! Be it Easter, Christmas, Thanksgiving or some other holiday, it’s always the right time of year to offer your family a gift no one outside the…
Read MoreWould you feel better knowing you were on track for your retirement or ready for an emergency? An would it comfort you to know that, if you died unexpectedly, your family would be well cared for?
Read MoreIn the face of conflicting financial priorities, here are five tips on how to balance current financial responsibilities with long-term wants and needs. Define goals and timelines Clearly defining your long-term goals is the first step. Ask yourself questions such as: How much money do I need to live each month? Does this include a…
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Did you know that in 2006 there were over 2.4 million Canadians of working age who are disabled? And physical injury isn’t the only cause.
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RESPs are a smart investment for individuals who are planning on going back to school, or can even be used as an income splitting tool.
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