Investing and Personal Finance
At the beginning of the year I entered in a stock picking competition with some other bloggers. As I outlined in my original 2010 stock pick post I bet the house on the price of gold falling. Well, it hasn’t fallen and as was pointed out in the comments of the original post, I didn’t [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs.  |
Jay is a new writer here at Four Pillars – read his introduction post here. Time is a valuable commodity. Every day, I spend 8 hours preparing myself to spend the remaining 16 ones as richly and as fully as possible – and make no mistake, I do spend time. For as Benjamin Franklin once [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
One of the things that drives me nuts and seems to have been getting more common in recent years is “Canadian experience”. For those who haven’t encountered this, an applicant might get rejected from a job with the explanation “lack of Canadian experience“. This euphemism could refer to the applicant having a strong accent, making [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Welcome to Blogthority.com relaunch edition of the Carnival of Personal Finance. Blogthority.com is a blog dedicated to helping you earn more money from your blog without spending any extra time on it. It will also cover various blog maintenance, technical and design issues from time to time. The site was started by Pinyo from Moolanomy.com [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Find out the best high yield savings account. Wealth and Socioeconomic Class | Million Dollar Journey How do you say “bubble” in Chinese? | Canadian Capitalist Discretionary Investment Management : WhereDoesAllMyMoneyGo.com Time Management Tips Intelligent Speculator | Top Stock Picks: Dividend ETF’s Michael James on Money: Misalignment of Interests on Wall Street The Bad Credit [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Eliminating the middleman is never as simple as it sounds. ‘Bout 50% of the human race is middlemen, and they don’t take kindly to being eliminated. -Malcolm Reynolds (Firefly) The Internet removes middlemen. In many ways, this is the core of the wealth it has created, by putting buyers and sellers directly in touch with [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
My parents are in the process of getting their RRSP accounts converted to RRIFs (Registered Retirement Income Fund) since they are turning 71 this year. After answering a few of their questions I thought I would do a post covering some of the basic rules and strategies of converting a RRSP account to a RRIF account. [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
“Nudge: Improving Decisions About Health, Wealth and Happiness” by Richard Thaler and Cass Sunstein is a book about how presenting choices in a different way can lead to widely differing proportions of people making each selection. At the very beginning they present an experiment where a nutritionist running cafeterias wanted to provide student with the [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Jay is a new writer here at Four Pillars – read his introduction post here. Today we’re going to figure out my financial budget by breaking down all the money that I earn and then try to see if I can explain where it all goes. Net Income After taxes, I earn roughly $1000 a [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
One of the immediate changes which will result from the historic 2010 health care bill will be a $250 payment to help with prescriptions. There are quite a few Americans who have a drug coverage gap known as the “doughnut hole”. This gap in Medicare D Drug benefit program means that assistance from Medicare for different [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The Financial Blogger wrote a great article about why he wants to be an entrepreneur. I love #6 “be able to walk my kids to school and pick them up”. Although I’m sure the novelty would wear off about halfway to school on the first day, I’d still like to be able to try it. [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
We recently got an e-mail (summarized below) from a reader asking for advice about a situation with her parents. “My parents have worked hard their entire life but never saved a dime. As they approached retirement, they worked as the resident managers for an apartment building. They have very minimal savings, and the small amount [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Very funny article about why bloggers are male. Canadian Capitalist discovered that being mortgage free can save you money on house insurance. Hmm…I’ll bet those Money Sense guys made him write that post. Free iPhone Apps that Save You Money (Canadians) | Million Dollar Journey Working 4 Days a Week To Save The Planet Reader [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Do you know what a zero-based budgeting system is? Basically it is a budget where you track every single dollar of income and each single expense down to the penny. This is a great system for someone who is trying to get a good handle on their spending since they will be able to see [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Some time ago Mike and his wife exchanged comments about having tenants pay off your mortgage. My mother takes the same position as Mrs. Pillars does: tenants paying off your mortgage is a good thing. With respect to both frighteningly intelligent women, I’m suspicious this is a poor way to think about the investment. Say [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
A few years ago when I was on a big asset allocation kick, I bought some REITs (real estate investment trusts) for my RRSP account. The amount was only about 5% of the portfolio but according to the experts, having some real estate is a good diversifier. While I accept the idea that REITs are [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Credit card companies understand that everyone likes to be receive rewards. They have created hugely popular rewards programs that offer incentives for consumers to remain loyal to one credit card. This concept is not new and was first introduced to consumers in other industries as early as the late 1800′s. Today loyalty or reward programs [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Just a heads up that the maximum contribution limits for the Canada pension plan (CPP) have new values for 2011. CPP maximum pensionable earning and maximum contribution amount In 2011 the maximum pensionable earnings will be increasing to $48,300 (up from $47,200). What this amount means is that you will contribute to the CPP based [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The EI premiums have gone up for 2011 (no surprise) so I thought it would be a good idea to go over the new amounts. Here are the 2007 EI premiums if you want to compare. First of all the maximum insurable annual earnings has gone up from $43,200 to $44,200 which means that for [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The Canadian Capitalist site got a big makeover this week as a result of his new affiliation with MoneySense.ca which is a really good Canadian money magazine. I’m very happy for Ram but I have to say I was extremely disappointed in some of the comments he received on the announcement. Numerous commenters said he [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
