Fixing an RRSP Over-Contribution

What to do about an RRSP Over-Contribution

RRSP’s can be a valuable tool when saving for retirement, not only do they give you a tax refund when you contribute, they also allow your money to grow tax-free until you withdraw it. I’ve talked more about the details of RRSP’s both here and here. As a quick recap, every year that you work you earn contribution room. The amount works out to 18% of your annual income up to a maximum amount set by the government; for 2017 it is $26,010. If you don’t use your room, it does carry-over for future use. To figure […]

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My Travel Bucket List

Today I’m taking a little break from talking about money and am instead going to daydream about my travel bucket list (you know, where I would go if I had ALL the money). Lately, I’ve been feeling plagued by the travel bug and have been dreaming up all sorts of places I would like to plan a trip to. We were in Barcelona last November, and I fell in love with the city, and it made a short trip to Europe seem completely doable. Before we went, I was a little hesitant because I didn’t know if […]

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Treat Hiring a Financial Advisor Like Buying a House

How to Find the Right Financial Advisor for You

Many people have a negative impression of the financial industry, and of financial advisors in particular, but how bad is the situation? There have been numerous reports circulating recently (examples can be found here and here) about people getting scammed by high fees and improper sales tactics at their financial institutions, but there are things you can do to help protect your assets. You might be thinking that you are better off just going it on your own, and with the uptick in robo-advisors and discount brokerages, this is easier (and cheaper) than ever before. I’m not […]

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That Time I Ran into a Parked Car

Why your emergency fund is so important and how mine save my butt!

Shit happens… We all have a mortifying story we’d rather keep under wraps, right? Please tell me I’m not the only one! Feel free to share yours in the comments (anonymously if you prefer) and make us all feel a little better about ourselves. Where am I going with this? Well, it’s embarrassing storytime! Last month I was in a minor car accident. That sucks, but what makes it even worse is that I ran into a parked car. Ugh. You might be thinking, how does that even happen, and that is a very valid question. Unfortunately, […]

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