Flat investment fees promise clarity — but could end up costing you more than you think
I recently received a letter from my financial advisor telling me that some of my accounts are moving from a tiered-fee rate to a flat-fee rate structure starting Jan. 1, 2026. I’m sure I’m not the only Canadian who received the notice, and it got me thinking about what this change really means for us […]
5 big things that disappear after you retire in Canada: Are you prepared?
This article adheres to strict editorial standards. Some or all links may be monetized. Retirement is often seen as the long-awaited reward after years of hard work. The daily grind of morning alarms, office politics and stressful commutes finally come to an end, regaining full control over your time and how you spend it. While […]
Charlie Munger once claimed he and Warren Buffett stuck to 1 simple strategy to crush the S&P 500 — here’s how ‘less’ can mean more for your portfolio
This article adheres to strict editorial standards. Some or all links may be monetized. TV personality Jim Cramer is so often the butt of jokes on Wall Street that someone briefly launched an exchange-traded fund to bet against his stock picks. The host of CNBC’s “Mad Money” is no stranger to criticism, even from famous […]
“He turned $200K into zero” — couple in debt after husband refinanced the house and lost the cash through day trading. Dave Ramsey warns the worst is yet to come
Ava and her husband, who live in Charleston, South Carolina, are US$200,000 (C$275,000) in debt after he refinanced the house — and then used most of the cash-out for day trading. “It’s all gone now,” Ava said when she called into The Ramsey Show, seeking advice on how to get out of debt while getting […]
Sen. John Kennedy introduced 2 ‘critical’ bills to stop Congress from getting paychecks during shutdown. Gutsy move or Constitutional violation?
When the federal government shuts down, 800,000 federal workers lose paychecks, and the ripple effects reach all corners of the economy. However, one group still gets paid: the lawmakers responsible for the stalemate. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t […]
I was recently fired from my job — just 1 year short of my planned retirement at 70. What will this mean for my 401(k) and Social Security?
This article adheres to strict editorial standards. Some or all links may be monetized. Most workers would feel good when they’re just a year away from achieving a long-awaited goal like retirement. But with today’s volatile job market, some people’s careers are tripping at the finish line. Take the case of Brian. He was fired […]
Crushed by student debt? Learn financial literacy (aka: money skills) that can set you free and build the future you deserve
For most young Canadians, the journey to financial literacy begins with pursuing a degree at a college, university, or technical school. This step into launching an adult life is also when many begin to take on significant debt. To illustrate, during the the 2022–2023 academic year, approximately 532,000 students received $3.1 billion in non-repayable Canada […]
Canadians plan leaner holidays as Gen Z cuts back 35%: PwC
Canadians are heading into the 2025 holiday season planning to spend an average of $1,675 on gifts, travel and entertainment, according to PwC Canada’s annual Holiday Outlook. That figure represents a 10% drop from last year, as rising prices and economic uncertainty push consumers to stretch their dollars further. Despite the overall pullback, PwC says […]
I just got a letter from Social Security claiming I was overpaid $3,000 in survivor benefits — but I’ve never even received a penny. What do I do now?
When you are told you overpaid Social Security benefits, you have an obligation to pay back the money. This can be really frustrating, especially if you didn’t recall receiving any money in the first place. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, […]
My wife and I make a combined $170K/year but we still can’t afford to save for retirement. How do we get back on track?
In today’s economy, making a six-figure salary can leave you feeling broke, especially if you live in Toronto. According to the latest data from Nesto, a household needs an income of $179,103 to $212,388 in order to qualify for a mortgage on an average home in the city (1). With sky-high home prices and a […]