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Posts Tagged ‘PERSONAL finance’

Grow your income, lower your risk






The article presents information on personal finance for Canadians with Registered Retirement Savings Plans (RRSPs), with investment advice on the rate of return for high-interest savings accounts (HISAs) and Guaranteed Investment Certificates (GICs). Topics include strategies for producing a higher cash flow; retirement planning; and portfolio management.


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Don’t miss the upswing

The article presents information on investment policy and offers economic forecasts for the stock market in 2013. Topics include portfolio management for Canadian individuals with Registered Retirement Savings Plans (RRSPs); investor attitudes toward stock market investments; and a comparison of equity investments to bond investments in the fixed-income market.

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Manage your money like a millionaire

The article offers suggestions related to managing one’s money like a millionaire. According to Lola C. West, managing director of West Fuller Advisors, one needs to track one’s habits over a period of time, using money management web sites. Cheryl D. Creuzot, a certified financial planner, says that people practising good money management do not increase their standard of living as their income increases.

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Advice for newlyweds

The article offers personal finance advice for newly married couples. It suggests that couples save rather than spend any savings resulting from combining two households into one, such as lower rent costs. It also recommends trying to live on one salary even if both partners are working, in order to save for future situations in which one partner may cease working for pay. Retirement savings and insurance are also discussed.

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Older but not wiser

The article looks at the spending habits and personal debt of Canada’s baby boomer generation. Topics include the borrowing habits of boomers to pay for luxuries they cannot afford; the numbers of Canadians retiring with debt; the Canadian housing market; personal and household financing; and rising debt burdens as of June 2012. INSET: FIVE WAYS TO RETIRE DEBT-FREE.

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Catch up to your dream retirement

The article presents advice on retirement planning benchmarks for different ages. Topics include the importance of paying off debts for people in their 20s and 30s, maximizing employer pension plans, financial planning during the family years, Registered Retirement Savings Plans (RRSP) in Canada, and savings plans for people in their pre-retirement years.

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Case study: starting out

The article presents an answer to a dilemma regarding savings plans for recent college graduates, with advice regarding controlled spending, financial planning, and fiscally conservative lifestyles.

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Case study: betting the farm

The article presents an answer to a dilemma regarding real estate investments that may endanger a couple’s retirement savings, with advice on topics including diversified investments, financial planning, and real estate portfolios.

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Save, plan, love

The article presents the speech “Generation-To-Generation: On Family and Finances,” delivered by Home Instead Senior Care founder Paul Hogan at Sacred Heart University in Fairfield, Connecticut on February 29, 2012 in which Hogan focused on in-home care services for older people, financial planning for old age, and the importance of creating strong family relationships.

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Set goals, not traps

The article provides a quotation from Zvi Bodie, co-author of the book “Risk Less and Prosper,” in which he advises that people should set savings goals based on what they can invest safely in order to avoid excess risk.

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