Archive for June 2015
Retiring To Another Province
When you are approaching retirement you have quite a few important decisions to make. One decision is where you want to spend your retirement years. According to a BMO survey, most Canadians prefer to stay close to home rather than uprooting their lives. Of those who plan to relocate, most move to another province. Only…
Read MoreWhy Multiple Income Streams Is A Better Emergency Fund For Millennials
Millennials need to develop an entrepreneurial spirit in order to succeed in today’s economy. Gone are the days when you could graduate debt-free, get a job with a stable employer, work there for three decades, and retire with a healthy pension. Today’s workers change jobs every four to five years, and they’re no stranger to…
Read MoreWeekend Reading: Starting Over Single Edition
This message is brought to you by BMO Wealth Management Starting over can be difficult. You’ve spent most of your adult life building relationships, a career, a place to call home and maybe a family. If you are widowed or divorced and suddenly find yourself starting over again, it can be intimidating looking at your…
Read MoreMy RRSP and TFSA (Or the Parable of the Twins)
There’s a popular story told by banks and financial authors to encourage people to start saving for retirement at an early age. It’s called the Parable of the Twins and it goes something like this: One twin puts aside $3,000 every year into his tax free savings account starting at age 22, and stops at 32 –…
Read MoreThrowback Thursday: The 1980s vs. Today
Do you remember what life was like before emails, the Internet, smart phones and 24hr TV? Today the feature is the 1980s – the decade of big hair, big shoulders and bigger interest rates. This turbulent decade was when most Boomers were in their borrowing phase and raising their little Echoes amidst soaring inflation, increasing…
Read MoreHow’s Your Credit Score?
According to a survey done for BMO, 56 percent of Canadians say they have never checked their credit score and only 14 percent check at least once a year. 52 percent do not know what would be considered a good credit score. What is a credit report? Your credit history is recorded in files maintained…
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