Blog by DOINA BIOLAN B.Comm

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ARE YOU FINANCIALLY ON TRACK FOR RETIREMENT?

January 19th, 2017

Are you financially on track for retirement?

Most of us realize that it is in our best interest to save for retirement. We put aside money when we can, but often we are unsure if we will have enough saved in order to achieve a financially secure retirement.

As a Financial Advisor I can help you create a retirement plan that works for you. By learning about your retirement objectives I ...

10 or more years until you retire

January 18th, 2017

10 or more years until you retire

Retirement is a long way off, so you figure you've got lots of time to think about it. And with more than 10 years to go, you've got plenty of other things on your mind. Still, it's time to start taking concrete steps that will pay off in the long run as part of a simple yet effective action plan.

Money matters

Create a monthly budget so you'll…

  • Be ab ...

WE HAVE A RETIREMENT INCOME CRISIS ON OUR HANDS

January 17th, 2017

WE HAVE A RETIREMENT INCOME CRISSIS ON OUR HANDS

 

A recent survey by BLACK ROCK found that while 60% of Canadians are actively saving for retirement, including 52% of 25-to-34-year-olds, there's a clear discrepancy between retirement income expectations and savings habits.

 

Respondents said on average they expect an annual income of $46,900 for 25 years in retirement. But those who've s ...

DO YOU HAVE 10 OR MORE YEARS UNTIL YOU RETIRE?

October 25th, 2016

10 or more years until you retire

Retirement is a long way off, so you figure you've got lots of time to think about it. And with more than 10 years to go, you've got plenty of other things on your mind. Still, it's time to start taking concrete steps that will pay off in the long run as part of a simple yet effective action plan.

Money matters

Create a monthly budget so you'll…

  • Be ab ...

Weekly bottom line - finance

August 29th, 2016

Hi All,

 

Here your weekly bottom line from last week.  I hope you all have a great week!!!

 

Highlights

 

United States

  • Economic data this week were supportive of the narrative of ongoing improvement in activity. Despite a slight downward revision to estimated real GDP growth in the second quarter (1.1% from 1.2%), the details showed an upward revision to consumer spending and busi ...

Financial news update February 01 2016

February 1st, 2016

TD weekly Bottom Line

 

Highlights

 

United States

  • The Federal Open Market Committee (FOMC) stood on the sidelines this week, raising concern over economic and financial developments globally. The tone of the statement was more dovish than expected, reducing the odds of a March hike.

 

  • U.S. economic growth slowed in Q4, with the economy advancing by a meagre 0.7% q/q (annualized ...

WHAT IS A TFSA?

February 4th, 2015

Tax-free savings account( or , as I call it, the smart investment account)

With a tax-free savings account (TFSA) the options are endless. In 2009, the Canadian Government introduced the opportunity to save more and faster regardless of what your needs may be. Whether saving for a house, car, further education, a vacation or additional retirement savings, one account allows your individual g ...

ARE YOU SAVING ENOUGH FOR RETIREMENT?

February 2nd, 2015

Are you saving enough for RETIREMENT?

If it is much easier to save before you have major financial commitments, why do so many young Canadians have difficulty setting aside money for the long-term future?

HIGH TEMPTATIONS- People are far too impulsive! The lost opportunity of savings is greatest for young Canadians, money set aside at an early age has longer to grow. A comfortable retireme ...

WHAT IS AN RRSP?

January 31st, 2015

THE RRSP – Plan your future ...and benefit today !

What is an RRSP?

An RRSP ( Registered Retirement savings Plan) is a plan in which you register investments in order to save money for your retirement. The plan is registered with the Canada Revenue Agency(CRA).

An RRSP defers income tax. You do not pay taxes on the income that accumulates in the plan, as long as it remains in the plan. How ...

HOW LOW INTEREST RATE HAVE CHANGED RETIREMENT PLANNING

January 31st, 2015

How low interest rates have changed retirement planning

 
Since the financial crisis hit in 2008, it’s been great to be a borrower but lousy being a cautious saver.
Central banks’ zero interest rate policies have resulted in “real” (net of inflation) returns of zero or even less-than-zero after income tax, except for outliers like Russia. In December, Switzerland even began charging savers f ...
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