Bombardier secures lease
Bombardier gets lease to build flagship jetliner at Pearson airport Bombardier Inc. says it has secured a long-term lease from the Greater Toronto Airports Authority to build its flagship business jet at Pearson airport. Preliminary work is underway at the new site in Mississauga, Ont., with production scheduled to begin in 2023, the plane-and-train maker […]
Interest rate holds at 1.75%
Bank of Canada keeps key interest rate target on hold at 1.75% The Bank of Canada kept its key interest rate on hold Wednesday, noting that while global recession concerns are waning, trade conflicts and related uncertainty continue to remain a key risk. The central bank’s overnight rate target has been set at 1.75 per […]
4 401(k) Mistakes That Will Derail Your Retirement
Stashing money away in your 401(k) for years on end, sadly, does not guarantee a fruitful retirement. Just look at the numbers. Fidelity reports that the average 401(k) balance in 2018 was $102,900 . That’s just a fraction of what you’d need to live comfortably for decades without a paycheck. To put things in perspective, […]
This FIRE couple wants to help ‘create more black millionaires’
The FIRE movement, short for “financial independence, retire early,” might seem unattainable for some people — but Kiersten and Julien Saunders want to show everyone it isn’t. For the couple, who blog at “rich & Regular,” and many like them, the journey to financial independence started in debt. But in the last eight years, they’ve […]
Changing Risks in Retirement
It is important to understand from the very outset how changing risks are primarily what separate retirement income planning from traditional wealth management. Retirees have less capacity for risk, as they become more vulnerable to a reduced standard of living when risks manifest. Those entering retirement are crossing the threshold into an entirely foreign way […]
5 reasons to retire as early as you can
You work hard for your money throughout your career. In retirement, your money needs to work just as hard for you as you’ve worked for it, to cover your costs once you’re no longer collecting a paycheck. It’s a challenge to get to that point, but once you do, the freedom that comes from financial […]