LATEST ARTICLES
Tax-Free Savings Account (TFSA) GUIDELINES FOR 2021
The Canada Revenue Agency (CRA) has announced a new TFSA ( tax-free savings account ) limit for 2021. For many, this news fell on deaf ears as the TFSA has been underutilized by Canadians for many years. The first question to ask is “What is a TFSA?” The simple answer is: A TFSA is a registered investment or savings account that […]
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Canada Pension Plan: Should You Start Your Payments at 60 or 65 in 2021?
Commencing receipt of the Canada Pension Plan (CPP) isn’t an easy decision for pensioners. Most ask which is a more valid strategy, starting payments at age 60 or at 65? Some in excellent health will even delay it for another five years to receive higher payouts. Still, it would be best to make a few assumptions to reduce the chances of […]
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The Conservative Case Against the Boomers | The New Yorker
Everyone’s fed up with the baby boomers. Younger progressives charge them with a form of generational hoarding—of titles and power but mostly of money. The richest generation in the history of the world, the story goes, has squandered its wealth on vanity purchases and projects while leaving younger Americans with a debased environment and crazy levels of debt. During the Presidency […]
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Baby boomers are the new Generation Invisible
Forget what you know about boomers: the group we love to mock is having its moment in the sun. Just last month, president-elect Joe Biden, 78*, and his 56-year-old running mate Kamala Harris were made Time magazine’s Person of the Year. Elsewhere a new study found that boomers are Britain’s greenest generation, while a cohort of style influencers in their 60s […]
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LGBTQ+ baby boomers in need of safer housing in senior years, profs say – HalifaxToday.ca
This article, written by Jacqueline Gahagan, Dalhousie University and Ren Thomas, Dalhousie University, originally appeared on The Conversation and has been republished here with permission: Globally, the COVID-19 pandemic has shown us the importance of having safe and adequate housing. Having a safe home is not only a fundamental human right, it is also a key determinant of health. Yet when it […]
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Canadians who travel outside Canada could be stranded abroad, Trudeau warns | National Post
The government has had travel advisories warning against any non-essential travel since the beginning of the pandemic, but some Canadians have not heeded that… Source: Canadians who travel outside Canada could be stranded abroad, Trudeau warns | National Post
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Reverse mortgage: What it is and why it’s a bad idea – Business Insider
Reverse mortgages are loans available to people over 62 who would like to borrow against the value of their homes. They are often exorbitantly expensive — requiring additional premiums and fees.Instead of interest compounding on a lower number every month, like a regular mortgage, reverse mortgages compound on a higher number because of the additional premiums. In the case of death, […]
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COVID CONFUSION?
This past year has been a very trying time for people around the world. News and updates regarding COVID-19 have been frantic and confusing at best. With the welcomed news of the new vaccine rollouts many people are struggling to get answers to their questions about the vaccines effectiveness and availability. Here is the latest overview of the current state of […]
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Today’s freakishly low mortgage rates can’t last. What will pandemic home buyers do when they rise? – The Globe and Mail
There’s a postpandemic period of reflection coming where we look back on the decisions we made while COVID-19 raged and wonder, what the heck were we thinking? Get ready for it, home buyers. Living in a big home in the suburbs may suit you now, but will you be able to afford your mortgage after you renew it at much higher […]
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Why missing today’s RRSP deadline isn’t the end of the world
Today is the last day to contribute to an RRSP for the 2020 tax year, but missing the deadline isn’t the end of the world, especially for anyone whose income has taken a hit because of the COVID-19 pandemic. Canadians can contribute up to $27,830 or 18 per cent of last year’s income until midnight to get the maximum tax refund. […]
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US RETIREMENT INFO
Social Security and How it Works Social Security provides you with a source of income when you retire or if you can’t work due to a disability. It can also support your legal dependents (spouse, children, or parents) with benefits in the event of your death. What’s Social Security? Social Security is a program run by the federal government. The program […]
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