Posts by Boomer
Building Your Wealth: Investing In Stocks
Most investors can get all the investment diversification they need with certain mutual funds and ETFs. But investing in stocks can be of greater interest to some investors who seek the thrill of attempting to beat the market. When you purchase stock, you own a piece of a company, which makes you a shareholder with…
Read More4 End Of Life Strategies Your Survivors Will Thank You For
I have been an executor three times now. Twice the process was fairly easy and straightforward. The wills were clear as to intentions and documents were easy to find. The other one – well let’s just say if I never have to deal with that kind of administration hell again, not to mention the disgruntled…
Read MoreChoosing The Right Fund For Your Portfolio
Mutual Funds and Exchange Traded Funds are a great way to establish a balanced asset allocation and get plenty of diversification. One fund might be all you need, or you might decide you want to have a different mix that suits your investment goals. Investors once needed to comb through prospectuses and annual reports. The…
Read MoreFrom The Boomer & Echo Mailbag: Opening A TFSA For A Child
Q. I would like to open a TFSA for my daughter, but I want to have control of it until she becomes more responsible with money. Is this something I can do? It’s great that you want to help out your daughter. You’re part of a growing trend of parents giving their children a financial…
Read MoreIs Your Portfolio Overdressed?
The story goes that in the late fifties, Chrysler Corporation did extensive market research to see what the American consumer really wanted in an automobile. The survey results were clear. The American auto buyer wanted a sensible car with clean lines and no frills. Above all, he was tired of the large ornamental tailfins which…
Read MoreProtecting Your Identity
Security issues hardly ever cross our minds when we hand over our debit or credit cards in a restaurant or to make a purchase, but identity theft and identity fraud are becoming huge problems. Protecting your identity and personal information is harder than ever before. Equifax recently suffered a massive data breach that impacted approximately…
Read MoreTurning Your LIRA Into Retirement Income
A reader suggested I expand on my post on converting RRSPs to RRIFs to include locked-in plans. So here it is. Thank you, Frank. What is a LIRA? First, let’s review. Employees enrolled in a registered pension plan who remain with their company until the prescribed retirement age will receive income for life from the…
Read MoreWhat Hobbies Are On Your Retirement Bucket List?
Remember going to a craft and hobby show, or looking through a magazine, and seeing in your mind’s eye all those great projects you could make? Or watching the sports channel and dreaming about aces, holes-in-one, or the salmon you could catch? When most of us imagine retirement, our minds wander to what we’ll get…
Read MoreBuilding Your Wealth: What You Need To Know Before Investing In ETFs
For most Canadians, mutual funds are still the mainstay of their investment portfolios. However, many investors are angry and frustrated with the high fees that are being charged on mutual funds that rarely match let alone outperform the market. Investing in ETFs seems like a good alternative. In some respects, ETFs are similar to mutual…
Read MoreThe Importance Of A Power Of Attorney
My mother was in excruciating pain when I took her to the hospital. The nurse came in with some forms and asked if she wanted to sign a DNR – do not resuscitate – if her heart stopped. Apparently this is standard procedure because of her age. Moaning, my mom said, “Just let me die.” I…
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