Retirement

If you have considered saving and investing for a certain goal, such as a house, a child’s education, or your own retirement, you’ve undoubtedly wondered the best way to go about it, and whether or not an investment advisor would be worth the, ahem, investment.

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Most people plan for their financial health in retirement, but neglect to address the non-financial aspects of no longer working: What will they do with to make the most of their time?

Have You Considered the Non-Financials?

A Consumer Reports survey conducted in 2010 showed that only 19 percent of those surveyed were highly satisfied with their retirement planning. Presumably, retirees would like to enjoy retirement, which of course means ensuring their finances are in order. Beyond that, though, how does one go about planning this phase...

RRSPs (Registered Retirement Savings Plans) are considered an important part of retirement for Canadians; they enable people to set aside money for the future while lowering the amount of tax payable in the year in which the money was deposited.

But just when should you start investing in RRSPs? And how much should you put in? That depends on several factors.

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Personal finance is a constant area of struggle for Canadians. It is often pushed to the bottom of our list of priorities to be dealt with later, while other problems are tackled first. Individuals often procrastinate in dealing with their monetary problems. This can be a result of a lack of financial knowledge, a feeling that there is not enough time, or simply not having the right tools.

Whatever an individual's reason, people tend to look for a quick and easy way to fix these financial issues and get misled by myths along the way.

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Every new year, many of us begin thinking about our finances. But should we continue to make resolutions for better financial management—resolutions that often aren't kept—or should we consider revamping our budgets entirely, once and for all?

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A popular scam aimed at American seniors never seems to go away — it goes through cycles of heavy use, almost disappears for a while, and then reappears. The scam involves drug "discount-card" sales.

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