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Reduce your tax liability during this retirement annuity season
Maximise your tax deductions by contributing towards retirement funds. As we are approaching the end of the tax year, the question to ask yourself is: Have I maximised my contribution to a retirement annuity? Have I maximised the tax deduction? Well, one of the ways in which individuals can maximise their tax deductions is...
The big misconception about Living vs Retirement Annuities
Many investors assume that they must first retire from their employment, for many at the age of 60/65, before they can retire out of their retirement annuity and purchase a living annuity. In a complex world, very little, if anything can be viewed in black and white. Especially regarding retirement. When it comes to...
Simple steps to investment portfolio building
At its most basic form, investment is when a person delays spending money now to not only place this money aside for another time but also to try to get this money to work to generate more money in some way. Why is investing important? Well simply, none of us ever know what is...
Retiring? The five most important decisions to ensure your income lasts
Planning is essential to ensure your retirement money lasts as long as you do. Before you retire, it is crucial to have a frank look at your finances to assess what your needs will be during this phase of your life, and plan accordingly. There are two key financial risks you face in retirement:...
A guide to understanding tax-free savings accounts
Everyone wants a savvy solution that will make the most of their money and in this regard, one of the most popular topics is a Tax-Free Savings Account (TFSA). While a TFSA sounds great in principle, it is important to understand the mechanics of this investment vehicle before adding a TFSA to your financial...
Simple steps to investment portfolio building
At its most basic form, investment is when a person delays spending money now to not only place this money aside for another time but also to try to get this money to work to generate more money in some way. Why is investing important? Well simply, none of us ever know what is...
A guide to understanding tax-free savings accounts
Everyone wants a savvy solution that will make the most of their money and in this regard, one of the most popular topics is a Tax-Free Savings Account (TFSA). While a TFSA sounds great in principle, it is important to understand the mechanics of this investment vehicle before adding a TFSA to your financial...
Is it reasonable to expect what you want from your investments?
We all want a low-risk portfolio that gives us great returns, but we cannot expect that. Rather than going into the details of the various investment options available and which ones we think will work (or not), we want to take a step back in an attempt to see the forest for the trees....
The single mother’s guide to financial planning
Concrete steps that single mothers can take to fortify their financial positions. As sole breadwinners responsible for the welfare of minor children, single mothers face a particularly daunting set of challenges when it comes to financial planning. Besides not having a partner’s income as a safety net, the emotional strain of shouldering the family’s...