Want to retire early? Here’s the 1 withdrawal strategy that actually works in the US — nail down your ‘forever income stream’ now
If you choose early retirement, you have a long money-management journey ahead of you. By choosing the right withdrawal strategy, you can absorb shocks and bumps in the road. The well-worn 4% rule from retired financial adviser William Bengen has been guiding retirees through their golden years since the 1990s. Bengen analyzed stock and bond […]
I’m 62 and ready to retire but I’ll lose my health coverage — and private premiums are costly. Can I just skip paying for it until Medicare kicks in?
Simon and his wife are in good health in their early 60s, but worry about what their health care may cost them in the next few years. They’re too young for Medicare, which kicks in around 65. But paying for private insurance in the gap years between their planned retirement and their 65th birthdays seems […]
I’m 61 and plan to retire in 2 years with $750K saved — but I’m terrified of running out of money if I live longer than expected. What should I do?
One of the biggest questions about retirement is figuring out how much you’ll need to live on. There is no one-size-fits-all number, as not everybody has the same debts, health, hobbies, aspirations and spending habits. Then there’s age, a big factor that’s overlooked, mainly because we have little control over it. Some people don’t make […]
Is saving $150/month really all it takes to retire a millionaire? The Ramsey Show says yes — but here’s the catch
Saving for retirement can feel like an uphill battle. On average, Americans believe they will need $1.26 million to retire comfortably, according to a recent study by Northwestern Mutual. As financial pressures mount from every direction, many Americans find retirement increasingly elusive, transforming what was once viewed as a well-deserved reward for decades of hard […]
Montana woman, 81, awarded $60K in damages after a SWAT team tore apart her Texas home — how her 5-year fight could impact others across the state
This article adheres to strict editorial standards. Some or all links may be monetized. A federal judge has ordered the city of McKinney to pay almost $60,000 plus interest to 81-year-old Vicki Baker. Her home was torn apart by a SWAT team during a 2020 police standoff. According to WFAA [1], Baker took the city […]
One tech firm says Air Canada owes passengers more than $66 million in compensation for strike-related inconveniences — but Canadian laws could make getting that money difficult
After reaching an impasse in negotiations between the Air Canada component of the Canadian Union of Public Employees (CUPE), a 72-hour strike notice was given on August 13. Three days later, over 100,000 Air Canada employees walked off the job in protest. Though it has been over a month since the strike concluded, the effects […]
High interest rates aren’t stopping Canadians from crushing their credit card debt — here’s how they’re doing it
In a country where grocery bills keep rising and mortgage payments eat into paycheques, Canadians are fighting back — one credit card payment at a time. A new Money.ca reader poll shows that nearly 90% of Canadians pay their credit card balances in full every month, proving that even in an age of record debt […]
I was sent $3,000 from a random number. At first, the stranger said it was a mistake — but eventually accused me of stealing it. Am I being scammed?
Instant payment apps like Venmo and Apple Cash make it easy to send money to friends or family. But they’ve also given scammers another way to defraud unsuspecting users. Here’s how the latest scam often starts: You get a payment from a number you don’t recognize. A few hours or days later, the sender messages […]
Peter Schiff warns US investors will get ‘killed’ holding this major asset class — and calls it the big ‘victim’ of inflation. Do you own any?
This article adheres to strict editorial standards. Some or all links may be monetized. For decades, the classic 60/40 portfolio — 60% stocks and 40% bonds — served as the cornerstone of balanced investing. The idea was simple: when stocks stumbled, bonds would steady the ship. Must Read Thanks to Jeff Bezos, you can now […]
Young Canadians investing on instinct as emotions drive market decisions, CIBC poll finds
Nearly half of young Canadian investors are relying on gut feelings rather than data when choosing where to put their money, according to a new survey from CIBC Investor’s Edge. The recent poll found 45% of Gen Z and Millennial investors base decisions more on instinct than analysis, highlighting how emotions are shaping Canada’s investing […]