A Tax-Free Savings Account or TFSA is designed to help Canadian citizens save money without undue tax consequences. It is a flexible investment vehicle that is similar to an IRA in the U.S. but allows multiple withdrawals without penalties. A TFSA can help Canadians accomplish short- and long-term investment goals. How Does A Tax-Free Savings Account Work? Money […]
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Did you know that 44% of Americans are “liquid asset poor” i.e. live from paycheck to paycheck? If you have less than 3 months income in savings you are “liquid asset poor” and are just one set-back away from disaster. If you are in this boat you are not alone. And it isn’t entirely your
Americans Barely Keeping Afloat Read More »
Many families these days are living paycheck to paycheck many companies have cut back on full-time employees in favor of part-time due to fear about Obamacare. So families are pinching pennies and just scraping by. Saving for the future is the furthest thing from their minds. However, it is still very important for families to save for the
Five Tips On Savings Accounts Read More »
The cost of living is rising every year. Keeping on top of your family’s finances is difficult. Trying to balance your budget when funds are limited isn’t easy, so it’s important to make good decisions and avoid any decisions that will put yourself into a financial hole. If you’ve already gotten yourself and your family into a difficult financial
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You’ve probably heard the old saying, “Neither a borrower nor a lender be.” While it would be great if we were all so financially stable that we never had to worry about borrowing or lending money, that just isn’t a reality for most people today. But if you do find yourself in a tough spot
Using Personal Loans to Save Money Read More »
6 Annuities FAQs: Yesterday we talked about how useful annuities are for retirement planning. Today we are going to look at some common misconceptions about annuities. Fact or Fiction? — 1) Many different investments offer a guaranteed income stream. — Fiction! Annuities are the only financial planning option that can guarantee a continuous stream of income throughout
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A savings account can be useful for many purposes. It provides you with the ability to earn interest on your funds while maintaining an emergency fund, saving for a major purchase and more. After making the decision to open a savings account comes the task of deciding which type of savings account you should open.
Savings Accounts: Which One is Right For You? Read More »
Choosing the right retirement plan is perhaps the most important decision you can make to ensure a secure retirement. However, it is evident that many people fail to adequately plan for their life after retirement. The old saying, “if you fail to plan, you plan to fail” definately applies in this situation. One method of providing for
Getting the Best Annuity Rate Read More »
Saving for college is an expense that most families have. Not everyone has enough extra money every month to save much for college, but even setting aside a few dollars each month can add up and help alleviate the high cost of your children’s future education. As the cost of college rises, it becomes more
College Funding Options Read More »
Financial Planning- Today every nickel counts, especially in the light of the financial crisis that recently hit the United States (and Europe). Unless you manage your money well, money and you will not see each other much. In other words, you need fool proof financial planning to stay alive. However, here are some of the
Financial Planning is Essential for Survival Read More »
College Education Plan- If you have children that are planning on attending college, you’re probably wondering exactly how you’re going to pay for their tuition, room, board, and all the other costs associated with getting a college education. Fortunately, there are ways to go about it, but you should start saving as soon as possible.
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Saving money for your children’s college education can be one of the hardest things to do. As a parent, you have a lot of responsibilities already. You know that helping your son or daughter with college expenses is one of those responsibilities, but it’s often a low priority because college seems like it’s so far
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