Objective Financial Partners Blog
Should You Buy Health Insurance In Retirement?
The article “Should You Buy Health Insurance In Retirement?” was originally published on MoneySense on January 29, 2020. Most people have health insurance coverage during their working years, but their employer picks up at least some of the cost. For retirees, the economics of buying similar coverage may not add…
Is An RRSP Loan A Good Idea?
The article “Is An RRSP Loan A Good Idea?” was originally published on MoneySense on January 22, 2020. Depending on which tax bracket you’re in and whether you have other debt, you might be better off simply directing what you would put towards loan repayments into regular RRSP contributions. Q. My…
How To Make Sense Of Contradictory Investment Advice
The article “How To Make Sense Of Contradictory Investment Advice” was originally published on MoneySense on January 10, 2020. Nat’s looking for help deciding which strategy truly is best: buy and hold for the long term, or sell off “losers” before they hurt your portfolio? Q. Several investment sources are giving…
How Does Income From A Rental Property Create RRSP Contribution Room?
The article “How Does Income From A Rental Property Create RRSP Contribution Room?” was originally published on MoneySense on January 6, 2020. And, perhaps more importantly, should Jerry, who’s retired, claim RRSP deductions or the capital cost allowance, to reduce his lifetime tax payable? Q. I understand that net rental income…
Baby Boomers Have Made A Fortune On Real Estate — Here Are Three Reasons To Consider Cashing Out Now
The article “Baby Boomers Have Made A Fortune On Real Estate — Here Are Three Reasons To Consider Cashing Out Now” was originally published on Financial Post on December 17, 2019. Beware the belief that real estate prices will continue to climb at anywhere near the rate we have seen…
Planning For An Inheritance
The article “Planning For An Inheritance” was originally published on MoneySense on December 10, 2019. Nearly half of Canadians expect to receive an inheritance. But while it’s important to consider those potential funds in your own retirement planning, counting on them is downright dangerous. Here’s what you need to know.…
How To Recover Financially From Divorce
The Article “How To Recover Financially From Divorce” was originally published on MoneySense on December 4, 2019. Top tips: Try to avoid any hasty decisions regarding real estate, and take the time to ensure you have the amount and type of insurance coverage you need. Right off the top, it’s…
A Workplace Pension Could Be Worth Three Times An RRSP — Yet Only 37% Of Canadians Have One
The article “A Workplace Pension Could Be Worth Three Times An RRSP — Yet Only 37% Of Canadians Have One” was originally published on Financial Post on November 26, 2019. Canada’s pension coverage lags G8 counterparts. Tax incentives for employers could help fix that. Every dollar contributed to a Canada-model…
A Workplace Pension Could Be Worth Three Times An RRSP — Yet Only 37% Of Canadians Have One
The article “A Workplace Pension Could Be Worth Three Times An RRSP — Yet Only 37% Of Canadians Have One” was originally published on Financial Post on November 26, 2019. Canada’s pension coverage lags G8 counterparts. Tax incentives for employers could help fix that. Statistics Canada data released earlier this…
Should You Borrow To Pay Expenses On An Investment Property?
The article “Should You Borrow To Pay Expenses On An Investment Property?” was originally published on MoneySense on November 15, 2019. Garry, who’s retired, needs additional cash to cover the cost of maintaining a property he rents out. Should he consider taking out a line of credit backed by his…
Understanding Your Company Pension Plan
The article “Understanding Your Company Pension Plan” was originally published on MoneySense on November 6, 2019. While the specifics can vary quite widely from plan to plan, a good place to start is with the basic differences between “defined benefit” and “defined contribution.” Some company pension plans are voluntary. Some…
Should I Sell Off Some Investments To Avoid OAS Clawbacks?
The article “Should I Sell Off Some Investments To Avoid OAS Clawbacks?” was originally published on MoneySense on October 29, 2019. Q. I’m due to receive Old Age Security (OAS) benefits next year. I’m concerned because the dividends I receive from my investments will bring my income to $90,000, putting me…
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