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Downsizing to one car from two can do wonders for retirees finances
As terrible as it for your finances, owning two cars is often unavoidable. Take two working parents, add kids and you have a strong convenience-based case for paying the many costs of owning and maintaining a pair of vehicles. Add a home in the suburbs and the argument gets even stronger.
Financial advisors warning clients about the perils of living longer
One of the biggest concerns investors have is outliving their money – and it’s often their financial advisors who tell them if this fear could become a reality. This discussion is more challenging today due to volatile stock markets, low returns for fixed-income products and a more precarious labour market, including the trend toward contract work and away from jobs with defined-benefit pension plans.
Who wants the government’s new mortgage incentive?
After tightening mortgage standards to rein in over-borrowing, the Trudeau government says it wants to help young people get the keys to their first home. The new First-Time Home Buyer Incentive (FTHBI), first announced in the federal budget, is set to roll out on Sept. 2, just weeks before Canadians head to the polls in October. This week, Ottawa finally clarified how the incentive is going to work, and the question is: is it a good deal?
Four ways advisors can help business owners transfer their business
“A big part of it is helping clients visualize what’s next,” says Rona Birenbaum, certified financial planner and founder of the Toronto-based fee-only financial planning firm Caring for Clients. “For entrepreneurs, it’s not just their careers, their business is like their baby. There has to be a plan for replacing it.”
6 unexpected costs when having a baby
Financial experts weigh in on how to plan your budget around surprise expenses for new families.
Can this 62-year-old stay on track for retirement after a salary cut?
We asked Morgan Ulmer, a financial planner in the Calgary office of Toronto-based financial planning firm Caring for Clients, to look at Monica’s situation.
Pro bono financial advice for millennials could produce big payoff
Rona Birenbaum, certified financial planner and founder of Toronto-based fee-only financial planning firm Caring for Clients, has made it a priority to work with several clients of lower net worth – including millennials, many of whom are new to investing and still may carry student debt – on a pro bono basis or at reduced rates.
How owning beats renting for the downsizing boomer
The rise of the housing market over the past 10 years has turned home ownership into a
story told in financial more than lifestyle terms.
6 tips to make that family vacation a reality
Budgeting and planning is key when travelling with kids in tow, experts say.
Pay Off Debts or Invest? How to Solve this Dilemma
The Golden Girl Finance, the financial voice for women, interviews Rona Birenbaum.