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Home Financial Health Blog Archive for category "Bank, borrow, manage debt and improve cash flow" (Page 2)

Bank, borrow, manage debt and improve cash flow

A Guide to Retirement Planning

The Financial Services Commission of Ontario (FSCO) has created “A Guide to Retirement Planning”, an easy-to-understand video series aimed at helping Ontarians prepare for their retirement. This series provides an overview of the three pillars of Canadian retirement income system as well as tips and resources you can use to make informed decisions about yourRead More…

 

Freedom to choose …the journey to financial independence

You’ve likely seen some of the retirement clichés over the years – sailing a yacht into the sunset; climbing the tallest mountains around the world; swinging like a pro in plaid on the golf course. But, are these scenarios really for you? Let’s talk about the lifestyle you really want Creating the lifestyle you reallyRead More…

 

Conservative Investors: Get the best GIC rates and terms

Guaranteed Investment Certificates, or GICs, give your portfolio guaranteed growth and reassurance that your money is secure. However, buying a GIC that’s right for you may not be as straightforward as you might think. GICs feature a wide range of interest rates, terms and options and many Canadians end up with a lower interest rateRead More…

 

Should you take early CPP retirement benefits?

Before talking about the financial implications of taking your Canada Pension Plan benefits early, you should know that if you pass away before you elect to take your CPP benefit, your spouse will not be entitled to the survivor’s benefit.  And if you have a pressing financial need to take CPP early, then you mayRead More…

 

Canada Debt Survey: Homeowners indicate more comfort with debt than parents

Highlights: Homeowners in their fifties are almost five times as likely to say they are more comfortable with debt than their parents. Those whose parents taught them a lot about debt management are twice as likely to report their debt is in good or great shape Eight in 10 homeowners indicate being or becoming debt-freeRead More…

 

Dollar cost averaging or investing a lump sum all at once: which performs better?

What is dollar-cost averaging? Dollar-cost averaging (DCA) — buying a set dollar amount of a security at regular intervals — can help promote disciplined investing. It is a form of paying yourself first. While you’re building your wealth, the rate of saving is generally more important than the rate of return. By committing yourself toRead More…