Facebook Twitter Gplus LinkedIn YouTube
416.230.2703 | 705.798.0062
tim@timweichel.ca
magnify
Home Financial Health Blog Archive for category "Bank, borrow, manage debt and improve cash flow"

Bank, borrow, manage debt and improve cash flow

Save thousands in interest on your mortgage!

Most Canadians manage their finances by doing two things: Depositing their income and other short-term assets into chequing and savings accounts. Borrowing when they need to, through mortgages, lines of credit, personal loans and credit cards. Sounds simple enough. Unfortunately, they usually receive low or no interest on the money they deposit, while they payRead More…

 

Grow your savings with a limited time 2.50% rate

Now’s the perfect time to grow your RRSP –TFSA savings with a special offer from Manulife Bank. Grow your savings Earn 2.50% interest until April 30, 2017 on every new dollar you deposit to a Manulife Bank Tax-Free Advantage Account (TFSA) or Registered Advantage Account (RRSP) by March 15, 2017.1 Save for your long orRead More…

 

Push your limits and save taxes with an RRSP loan

Get your finances in shape this RRSP season Contributing to your Registered Retirement Savings Plan (RRSP) not only helps you save for the future, it can help reduce the amount of income tax you pay.   Why not push your contribution limits with the help of a Manulife Bank RRSP Loan? Let’s talk about this easyRead More…

 

Guaranteed Interest Funds: Total security

A Guaranteed Interest Fund, offered by insurance companies, is a secure investment that grows your money at a guaranteed rate of interest for a fixed period. It is ideal for investors looking for capital security.  These funds are similar to guaranteed investment certificates (GICs) offered by banks but with the following unique characteristics: Advantages andRead More…

 

14 powerful financial calculators

These easy-to-use calculators will help you with retirement planning, investing and saving, mortgages and loans, and personal finance. You’ll find  tools that will instantly help you answer questions and make decisions: Retirement Planning RRSP Calculator Calculate how much you will need to save between now and the day you retire. RRSP Illustrator Get a personalizedRead More…

 

Annuity “paycheque” key to happiness

You may have seen headlines such as “Lifetime Income Stream Key to Retirement Happiness”, and “Happiness in Retirement is a steady income”. Studies show that life annuities generating a retirement “paycheque” from an annuity can make retirees smile.  According to Towers Watson, people with annuitized income are happiest, compared to retirees with similar wealth andRead More…

 

7 things that affect annuity income

Your annuity income is calculated at the time you buy the annuity. It’s based on a number of factors. The most important ones are your life expectancy and interest rates. If you’re buying a life annuity, the insurance company uses insurance tables to project how long you are likely to live.  Factors that will affectRead More…

 

Top 10 challenges facing boomers

As Baby Boomers we are extremely fortunate. Relative to previous generations, we have been blessed with an endless selection of places to go, things to do, things to have and things to be. We can do things and go places that our parents could only dream of. At the same time, we have been givenRead More…

 

Conservative Investors: Index-linked GICs rarely deliver what they promise

Financial institutions continue to create and market products like index-linked GICs that harvest many fees and commissions, but defy investment logic. Index-linked guaranteed income certificates (GICs) promise to safeguard a portion of investors’ portfolios. In volatile markets like the ones we’ve been experiencing, these products may seem like an appealing place to put some ofRead More…

 

High interest with free unlimited chequing in one bank account

That’s smarter banking – and it’s available now with Manulife Bank Advantage Accounts! Advantage Account gives you: • A 1.00%1 interest rate • No fees on everyday transactions2 when you have $5,000 or more in your bank account • The convenience of a chequing account The difference free unlimited banking makes Many people are surprisedRead More…