Mutual Funds: What Are You Actually Paying?

Mutual funds are still incredibly popular in the investment world, and I’m sure many of you have at least a portion of your investment portfolio in funds (I do). As of May 2017, there was $1,428 billion of assets under management in mutual funds. There’s some hate against mutual funds in the finance community but, in my opinion, they can be a good option, especially for beginner investors or those who are not willing to put in the time researching other options themselves. Think of a mutual fund as a collection of other investments such as stocks and […]

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Government Pensions (CPP, OAS & GIS)

Canadian Government Pension Plans

Last week we talked about the basics of pensions that are provided by your employer so now we are going to focus on the government pensions that are available to you (us Canadians anyways). The most significant is usually the Canada Pension Plan but there is also Old Age Security and the Guaranteed Income Supplement that can help out retirees. Canada Pension Plan (CPP) If you work in Canada you most likely contribute to CPP (one of those pesky deductions off your pay cheque) and that means you will be eligible to receive a CPP payment in retirement. The […]

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The Basics on Workplace Pension Plans

Workplace pension plans

Pensions are kind of the golden ticket in retirement planning as they have such a huge impact on how much money will be coming in the door after you retire but not all pensions are created equal. Today I’m going to break down the basic kinds of pensions that may be offered through your employer. This doesn’t include government pensions like CPP and OAS; we’ll tackle those another day. Defined Benefit Pension Plans DB plans are the real winners in the pension world, and when most people think of a pension, this is what they’re thinking of. A […]

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Estate Planning Basics

How to create an estate plan and make things easier on your family.

No one ever likes to talk about death, but today we’re doing it. It’s not exactly a subject that comes up at the family dinner table very often, but it is a conversation that you need to have with your loved ones, just in case a tragic event strikes. It is always better to be overly prepared than be forced into a situation where you have to make life or death decisions with no background information. When you’re young (and you know, invincible) the last thing on your mind is what would happen to your assets if […]

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