Investing and Personal Finance
For the second straight year, there will be no Social Security cost-of-living increase or adjustment. The reason for the lack of a raise is the same one given for the zero raise in 2010 – inflation is very low and an increase is not necessary. Now most people would argue that the methods used to [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs.  |
SSI recipients are asking the question – Will there be another $250 stimulus check in 2011? The government has not said anything about a $250 stimulus check for SSI recipients at this point in time. In 2009 however, SSI recipients were mailed a $250 check, so there is a precedent. In late 2009, President Obama [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The question all Social Security recipients want to know is – Will there be a $250 stimulus check in 2011? At this point in time, the government has not announced anything. However in 2009 – SS recipients were given a $250 check. President Obama proposed another check for 2010 which didn’t happen. Given that the [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
A while back I wrote about a TFSA transfer strategy which I came up with called the TFSA December Strategy. If you own an investment account and want to transfer it to a new financial institution, typically your current brokerage or bank will charge a transfer fee. If you want to transfer a TFSA account, [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Christmas is coming up quickly – Happy holidays in advance! I haven’t decided my posting schedule yet, but it will likely be light(er) than usual for the next 2 or 3 weeks. On with the links Tim Ferriss is well known for his 4-hour work week. But maybe Ferriss is just a big fraud? This [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I’m pretty bad with mail – I pay the bills quickly, but I tend to just let everything else pile up until I have a huge mountain of paper to deal with. However, this past Sunday I spent several hours going through my mail and I’ve never had so much fun! Why you ask? Well, [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I recently received an email from a reader called Ermyntrude*. She is having a baby (congrats) and is worried about the loss of income resulting from an extended maternity leave. We are trying to plan our finances so I’ll be allowed to take a full year off but, since I earn at least double what [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I recently had the pleasure of talking with Dianne Nice of the Globe & Mail about year-end tips for RESP account. You can read the entertaining article called: When it comes to your RESP, keep your eye on the ball. Long after Barbie’s shoes have been sucked up the vacuum, their RESP money will still [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
As I mentioned recently, I bought a flat screen tv. I also picked up a articulating wall mount, which allows the tv to be moved around. I needed it because I wanted to put the tv in a corner. It ended up being a minor construction project since the plate which you attach to the [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Apparently most investors are using their TFSAs for safe instruments such as GICs and high interest savings account, even though they are eligible for equities, such as stocks and bonds. I’ve seen a couple of instances where the name “Tax Free Savings Account” was blamed because it contains the word “savings” which apparently is confusing. [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Mike Piper from the Oblivious Investor has come out with a book about retirement planning called Can I Retire? Mike has written several book covering various investment topics and American taxes. This particular book is aimed at investors who are trying to figure out how much money they need to retire and how to manage [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
