Challenging the “4% Rule” Suggests Caution, But Also Offers Hope The venerable 4% rule isn’t as unassailable as many people think (as Ben Le Fort points out in this article). Definitions and Origins of the 4% Rule The 4% rule says you can expect to safely withdraw 4% of your retirement portfolio in your first […]
There’s a phrase in the financial world that you may have heard it before: ‘the best time to start investing is when you’re young, the second best time is right now’. It refers to the power of compound interest, and the benefit of having time on your side. The earlier you start, the more benefit […]
Travel insurance is one of those categories of insurance that perplexes a lot of people. Is it a waste of money? Do you need it or not? Should you purchase domestic travel insurance or only consider it for international trips? And what do travel insurance policies cover anyway? In this article, we’ll answer those questions […]
Many of us have faced tough times recently, and some of us have realized that we’re not as well prepared for financial uncertainty as we thought. As we all try and get back on track financially, here are some goals to work towards over the next six months. (Re)Build an Emergency Fund Fairly recently, I […]
There are lots of investment options out there that you can make. Something that I’ve found that actually puts people off of investing is there are too many options, it’s complicated, and overwhelming. Often the toughest step to take is the first, but once it’s out of the way everything else is easy. When we […]
In order to be as competitive as possible, along with high salaries, companies more so than ever need to also offer competitive benefits. Group RRSP plans, health care for the employee and their family, and various insurance coverages, help position employers to prospectus applicants. Insurance coverage that employers offer is fairly standard. They include disability […]
Social Security benefit rules seem to be designed for maximum complexity and confusion. With multiple benefits, requirements, and amounts depending on specific scenarios, it’s impossible to cover all of it in one go. Since the information on SSA.gov leaves something to be desired, here’s how to maximize your spouse’s benefits. First, the Obvious – Retirement […]
Life insurance may be one of the least sexy topics I can think of. Every time I bring up the subject of life insurance, I can see people’s minds actively trying to tune me out. People really don’t like talking about life insurance for three reasons. It’s impossible to discuss life insurance without being reminded […]
How does life insurance work? Life insurance is a tool in your financial toolbox designed to protect your family and financial dependents by providing a lump sum cash benefit to the beneficiary of the policy when you die. If you took out a $1 million life insurance policy where you were the insured party and […]