Retail sales on the rise
Statistics Canada says retail sales rose 0.8 per cent in February to $50.6 billion, the first increase since October. Economists had expected an increase of 0.4 per cent, according to Thomson Reuters Eikon. Sales were up in five of 11 subsectors, representing 73 per cent of retail trade. Retail sales at general merchandise stores, which […]
Retirees have reason to file
This is the time of year when procrastinators begin to fret about filing their income tax forms with Canada Revenue Agency by April 30. Of course, there are many reasons to file on time — such as avoiding expensive late fees and receiving tax refunds promptly. For retired people, the CRA has an extra reason […]
Fulfilling Your Personal Finance Checklist
If you’re lying awake at night because of money stress, you’re not alone. Forty-four percent of U.S. adults say money is the most significant source of stress in their lives, according to a 2018 study on money and emotions by Northwestern Mutual. Rising health care costs and the risk of unplanned expenses are the highest anxiety […]
23% Of Americans Save No Money From Their Paycheck
A new survey found that 23% of Americans don’t save any money from their paycheck. Here’s what you need to know. 2019 Savings Survey As part of its 2019 Savings Survey, First National Bank of Omaha examined Americans’ habits, behaviors and priorities when it comes to saving, monthly spending and retirement planning. First, the good news. […]
A financial planner shares her best advice to save more money — and what to with that cash once you’ve saved it
Most people would like to be saving more money. Whether it’s to pad an emergency savings account, to eventually buy a house or to some day be able to take that dream vacation to Europe, it’s the general consensus that the more you can save, the better. If saving equals good stuff, then why is it so hard for […]
The $51,000 mistake 1 in 4 young retirement savers has already made
Retire this behavior, immediately. One in four adults under 35 with a 401(k) has already made an early withdrawal, according to a survey of 2,700 adults released Thursday by financial institution Merrill Lynch and aging think tank Age Wave. The most common reason they cite for taking the early withdrawal: to pay credit card debt. […]