You’ve saved for years and accumulated a nice retirement nest egg. But what are your savings really going to be worth, after tax?
You need cash for something important and don’t have the funds on hand. Before you take the money out of your RRSP, consider the following.
Of all good things financial — a paid-off credit card, a Tax-Free Savings Account (TFSA), a financial plan — my favourite is a net worth statement.
If finances were simple, it might take only a calculator to handle them. But they’re not simple, so it’s important to have plans as well.
Are financial rules of thumb useful? Very. Are they precise? No. See how 15 common pieces of advice measure up.
Planning to hit the road when you retire? There are smart ways to stretch your dollars on food, dining, hotels and entertainment.
A successful retirement is about leveraging what you have so you can build a better, more meaningful life.
There are some important issues to consider when deciding the right time to retire — and they’ll have an impact on more than your wallet.