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Single mother needs a firmer rein on her expenses - The Globe and Mail

Single mother needs a firmer rein on her expenses - The Globe and Mail | Investment | Scoop.it
Single mother needs a firmer rein on her expenses
The Globe and Mail
For now, Louise can't afford to add to her $103,000 registered retirement savings plan, and she has not yet opened a tax-free savings account.
Suzanne Jacob's insight:

This is a good example of retirement planning and most important be realistic. The purchase of a 2nd home has to wait until Louise has a very good handle on her retirement income, the children have graduated and so many other expenses that come with retirement, i.e. health insurance, dental insurance,  have been taken into account, etc.

 

Saving, even small amount, is very important. Review your expenses and as we say in finance 'Pay yourself first'

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Organ donation after cardiac death

Organ donation after cardiac death | Investment | Scoop.it
The first Canadian in nearly four decades to donate her organs after cardiac death, not brain death, was a decision that didn’t go unnoticed.
Suzanne Jacob's insight:

I believe in organ donation, it save life, what are your thoughts on this topic?

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Canadians getting the retirement savings message

Canadians getting the retirement savings message | Investment | Scoop.it
(Special) - Canadians, it seems, finally may be getting the message that they need to save more for ... - Business Breaking News - Brandon Sun.
Suzanne Jacob's insight:

This is a very interesting article regarding RRSP, TFSA and retirement that for many of us is just around the corner.  I do agree that it is easier to save money when regular monthly contributions. Remember it is never too late to start and there is no small amount.

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The Retirement Gamble - Forbes

The Retirement Gamble - Forbes | Investment | Scoop.it
The Retirement Gamble
Forbes
The majority of Americans close to or in retirement don't have enough saved to cover a lengthy life as a retiree. And they don't have any ideas about improving their situation – which is truly frightening.
Suzanne Jacob's insight:

Are we Canadians on the same boat? The findings of a recent Homeowner Debt Survey says that many Canadians are not very optimistic about their financial future, only 51% homeowners are confident they'll enter retirement debt-free.

A financial advisor can help you to identify tools and strategies to become debt-free sooner. 

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They retired at 48 in expensive Toronto: Roseman - Toronto Star

They retired at 48 in expensive Toronto: Roseman - Toronto Star | Investment | Scoop.it
Toronto Star
They retired at 48 in expensive Toronto: Roseman
Toronto Star
They started saving at a young age, maxing out their RRSPs and TFSAs, paying off a condo mortgage and buying their current house with cash.
Suzanne Jacob's insight:

I think I am going to get this book.  There is always something new to learn.

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Illness Can Strike at Any Time -- Insure Your Savings - Huffington Post Canada

Illness Can Strike at Any Time -- Insure Your Savings - Huffington Post Canada | Investment | Scoop.it
Illness Can Strike at Any Time -- Insure Your Savings
Huffington Post Canada
Facing a critical illness can affect anyone at any age or any time. Critical illness insurance is a unique product, which is designed for the living.
Suzanne Jacob's insight:

We insure our car, house, life but when it comes to insure  our most valuable asset, our income,  we do not always take the necessary precautions.  This article about Critical Illness insurance is very well done. Personally I do have Critical Illness coverage, great peace of mind.  On top, if I never claim and hopefully I will not have to claim, all the premiums I have paid will be reimbursed to me. This is a win win situation.

if you wish to have more details, please do not hesitate to let me now and we can cover the benefits of this plan over a coffee.

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What is the difference between an RRSP and a TFSA? [Part 2 ...

What is the difference between an RRSP and a TFSA? [Part 2 ... | Investment | Scoop.it
My previous blog 10 Reasons to Invest in a TFSA received a lot of great feedback! There were quite a few questions about TFSA and RRSPs – there seems to be some uncertainty about the tools and how they differ.
Suzanne Jacob's insight:

I have just found this article right after speaking to a client about TFSA.

This article is a nice summary of this very helpful tool to reach your retirement. 

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