Inflation erodes your savings. Here’s how to shore them up
$1 million might sound like enough to retire with today, but by the time you reach your last day of work, it’ll be worth less than you might think. The reason is inflation, and it affects how you plan for the future. Here’s a look at what inflation is and how to keep it from […]
Five quick and easy steps that can improve your retirement savings
Not all retirement planning is time intensive. Here are five steps you can take — even during a busy day — that will help with saving for retirement. 1. Open a Roth IRA: You contribute after-tax money, which grows tax-free, and withdrawals in retirement are tax-free, too. A Roth is a great idea for young […]
Educating your adult children on the importance of saving for retirement
Having spent decades building up their nest eggs for retirement, they recognize the power of long-term financial planning and hope their children will capture the same benefits by starting to invest while they are young. Convincing someone just starting off in their careers to set aside money for retirement — which to them, may seem […]
The Biggest Threat to Your Social Security Benefits
Tens of millions of people rely on the money they get from Social Security to make ends meet in retirement or if they become disabled. Most people anticipate when they’ll be able to claim their retirement benefits, looking forward to their 62nd birthdays as the first time at which they can get payments based on […]
RBC checks the health of four major housing markets
The RBC Economics Research team, chief economist Craig Wright and senior economist Robert Hogue, have put their fingers on the pulse of the Canadian housing market for their Canadian Housing Health Check. The health check focuses on the country’s four largest cities, and here are their diagnoses of those markets. Toronto: Stretched affordability remains a […]
Canadian GDP Surges in Q2: 4 Dividend Stocks to Watch in the Fall
Statistics Canada released gross domestic product (GDP) numbers for the second quarter on August 30. The economy posted an annualized growth rate of 2.9% from April through June 30. Real GDP growth climbed 0.7% in the quarter. Growth was driven by a 2.9% increase in export volumes, which was the largest quarterly gain since 2014. […]
This is how much a private college will cost when your baby grows up
A new study recommends new parents start saving now New parents, take note: You will have to save six figures to send your child to a private college, if tuition keeps increasing. It will cost today’s newborns a whopping $302,700 to attend a four-year private college in 2036, according to a new calculation from the […]
The last time Wall Street’s ‘fear index’ and stocks traded this closely it didn’t end well
U.S. stocks and one popular measure of volatility on Wall Street have been moving in lockstep lately, and some market experts think that is an ominous sign. Indeed, the Dow Jones Industrial Average DJIA, -0.09% and the S&P 500 index SPX, +0.01% are on pace to close out August higher, booking their third weekly gains […]
69th Canadian International Air Show is breathtaking
With the nights growing colder and fall approaching, it’s time once again to look to the up to the skies as they’re split apart by the Canadian International Air Show at the CNE. There really are no words to describe the Air Show, which is now in its 69th year. I remember enjoying the Air […]
Jemseg equestrian event could spawn Olympic dreams
A homegrown equestrian event appears to be a hit with competitors. Horses and riders from Eastern Canada and the United States were in Jemseg, N.B., on Saturday for the second day of the Foshay International horse trials. It is the first international competition of its kind in the Maritimes. Eventing combines cross country, dressage and […]