Retirement Savings

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Retirement Saving Season Is All Year Long

With another RRSP season squarely behind us, now is as good a time as any for reflection. The last-minute mad dash to make a contribution is generally at odds with proper savings discipline. You can turn anxiety around by extending your savings plan beyond the RRSP season. Here are a few other tips to keep in mind.
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When Investing, Think Attitude, Aptitude and Action

Are you an investor? Although this might seem like a simple question, the answer isn't so straightforward. One way is to ask some fundamental questions about your financial decisions, what's informing your strategy and how you're putting a plan into place. In other words, think about attitude, aptitude and action.
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Ways for New Graduates to Save

Graduating students have high debts and the chance of finding a good paying job appears to be low, according to the leading pundits. This may all seem very daunting if you're a grad with two or three part-time jobs who's barely scraping enough together for rent. Here are some suggestions on how you can achieve these goals with careful planning and creativity.
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How to Painlessly Save For Retirement

In my 20 years working in the financial services industry, I have never heard someone say the less money you have at retirement the better. Some people can and will certainly make do with less, but one thing is sure; the more money you have saved when you retire, the more choices you will have in retirement. Follow these steps to start the ball rolling:
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TFSA or RRSP? It's All About the Tax

Still unsure about the differences between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP)? The fact is it's all about the tax. Here's a quick refresher of the tax-free registered savings account.
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When to Start Saving for Retirement

Because saving for retirement is the responsible thing to do and paying less tax always sounds great, you wouldn't be blamed for thinking that topping up your RRSP is a no-brainer. But is it? And is getting an investment loan a "good debt" to acquire in order to get it done? Here are some things to consider and speak about with your financial adviser.
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How Confident Are You About Retirement Planning?

How would you rate your retirement planning confidence on a scale of one to five? Are you like the majority who find it very confusing? What would it take to overcome your fear and finally start investing in your future? You can set up a plain and simple saving plan that is so automatic, you won't even notice you're saving.

Save Your Retirement By Saving For Your Child's Education

There are many different ways to invest the money inside your RESP. As a parent, my rule was simple: I did not want to take any significant risks with the money I was saving for my children's learning. I was satisfied with receiving the 20 per cent government grant, and a modest return on my money. For me, it was more important that the money be there when I needed it.