The Five Insurance Must Haves
Posted on:Insurance is, and has always been, a tool to manage risk. If you cannot afford to 'lose' something, it is best to insure it. The five types of insurance everyone should have are: Life Insurance - The primary reason to have life insurance is to replace an income that will be lost on death and to meet the financial obligations that are left behind. No ones debts should last longer than they do and…
Read MoreSo, You Got a Tax Refund
Posted on:According to the Minister of National Revenue, the average tax refund is over $1,500 for the 2011 tax year. Surprisingly, many Canadians are thrilled about getting a big refund. While certain situations can lead to an unusual tax refund, far too many Canadians lend large sums of money to the government at 0% interest year after year. Two things you can do to make your refunds smaller are: File a…
Read MoreReaching for Yield in a World of Low Interest Rates
Posted on:While we can talk about concepts such as inflation and purchasing power the struggle for many people today is earning enough income on their savings to meet their lifestyle needs. Interest rates and the earnings from capital through dividends, bonds and real estate rental income have dropped dramatically in the past few years. Government bond yields are near 400-year historic lows! According to…
Read MoreEducation Savings: Start Early
Posted on:A new baby in the family brings many hopes, dreams and expectations. This can often include thoughts about how their lives can be better than that of their parents. And that often includes hopes about careers and the education that goes with them. It is also the time to start planning how to finance the education needed to fulfill those hopes and dreams. TD Economics estimates the total average…
Read MoreChoosing the Right Life Insurance
Posted on:Making the right choices for protecting you and your loved ones in the case of a premature death comes down to understanding some basic principles and rules of thumb. The first is that the name is all wrong; life insurance does not help you, it helps to protect the standard of living and lifestyle of those you leave behind. So more accurately it should be called something like: loved one's…
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