On track to be a millionaire by age 50

By Julie Cazzin  |  MoneySense  |  June, 2012 The goal: Recent graduate James Fisher’s goal is to be worth $1 million by age 50. The current situation: When 24-year-old James Fisher graduated with a degree in business administration three years ago, he started...

Reduce your tax bite to sweeten your returns

By Bruce Sellery  |  MoneySense  |  June 13, 2012 Question Everyone talks about the importance of asset allocation, which is critical to ensure you have the right mix of equities, bonds and cash in your portfolio. But very few commentators talk about the best way to...

Retirement saving: Middle years case study

By Sarah Barmak |  Canadian Business  |  June 8, 2012 THE DILEMMA: The financial worries that keep Chris and Sue-Ann Cooke up at night are the same ones discussed in the bedrooms of middle-class families across the country. Is it best to pay down debt or save for...

How Europe is hurting your retirement plans

JASON HEATH | Special to the Financial Post  | Published May 30, 2012 Bond yields are hitting both record lows and record highs all over the world and creating risks for retirees long accustomed to treating fixed income as the risk-free component of their portfolios....

How to save money without cutting spending

JASON HEATH | Special to the Financial Post  | Published April 18, 2012 One premise of conventional financial planning is cash flow management, a fancy term for plain old budgeting. If we could all just spend less and save more, financial independence would be a...

The homebuyers plan dilemma

By Bruce Sellery  |  MoneySense  |  April 18, 2012 Question My husband and I are both in our 30s and we withdrew from our RRSPs under the first-time Home Buyers’ Plan (HBP). Our question is whether it is worth it for us to pay off the HBP loan, which is about...

How to use your line of credit the right way

JASON HEATH | Special to the Financial Post  | Published April 13, 2012 When used responsibly, home equity lines of credit can help facilitate investments, improve tax-efficiency and provide liquidity. But when credit lines are used for household appliances,...