When investing, you need to do the math
The first rule of investing is to do the math. Put simply, when you save your money and make investments, what you’re doing is constructing a simple puzzle. Each part of the puzzle fits together. The same is true for your long-term saving and investing efforts. Everything should fit together to achieve your financial objectives. […]
Questions for a potential financial advisor
A financial advisor’s role is to help clients work toward their financial goals. Finding a qualified advisor you feel comfortable with requires careful evaluation. Last week this column discussed hiring a financial advisor based on the services provided, and the cost of those services. Today we will consider some specific questions you might want to […]
Planning for retirement: how long will you live?
How long will you live? That is the million-dollar question when it comes to planning for retirement. Not understanding how long your money has to last can create a lot of uncertainty. There are plenty of statistics to show people are living longer. Zürich-based UBS group AG continues to monitor and study 5,000 of the […]
Plan for retirement spending
How much money will you need to finance your retirement? That seems to be the question on most people’s minds. One that concerns different ages and stages of life. The number one fear many people have is outliving their money. While we can all agree the future is uncertain, most individuals who think about funding […]
Dream of retirement seems elusive for many 55 and older
A recent study found Canadians 55 years and older do not feel they are on track with their retirement planning. The Royal Bank completed an online survey of 2033 adult Canadians. The study included comments about financial security and a happy personal life. First, I will cover the financial issues. Almost half of those who responded […]