Tag Archives: retirement

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- Masters of Money

Investing Early Eases the Financial Burden Later in Life

At ten years old I learned an important financial lesson; by saving early on in life, I could build enough money to pursue my dreams. For my tenth birthday I received $100 from my grandparents and immediately consulted with my parents about what I could do with my tiny fortune. MORE

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- Masters of Money

Retirement and Money Part 4 – The Risks of Retiring with Debt

You don’t easily shock a personal finance columnist with close to 15 years of experience. But the number of people retiring while still owing money on mortgages and lines of credit is a stunner. MORE

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- Masters of Money

Rob on Retirement Savings

Think you’re preparing for retirement? Hoping you will have enough? Rob Carrick responds to user submitted questions on retirement savings and planning. MORE

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- Masters of Money

Retirement and Money Part 2 – Home Buyers’ Plan, or TFSA?

It’s bizarre how easy it is to plunder your retirement savings to buy a house. Just use the federal government’s Home Buyers’ Plan, which allows first-time buyers to withdraw up to $25,000 from their registered retirement savings plan (RRSP) to buy a home. MORE

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- Masters of Money

Retirement and Money Part 1 – Can’t Afford to Save?

The biggest excuse going for not saving: “I can’t afford it.” That’s lame. Few of us can’t afford to put away the odd bit of money here and there so it can compound over the long term for retirement. Can you afford $10 per month? Over 20 years, it would grow to about $3,275, assuming a 3% rate of return. MORE

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