Electric vehicles cost nearly 37% more to insure than gas cars, Surex study finds
A new survey from Canadian insurance marketplace Surex shows that drivers choosing electric vehicles (EVs) are paying a steep premium when it comes to coverage. The study, based on more than 12 months of Surex insurance quotes, found the average annual premium for a gas car to be $2,289.27 compared with $3,131.43 for an EV. […]
Nancy Pelosi clashed with CNN when confronted about insider trading. Should lawmakers be allowed to trade stocks?
This article adheres to strict editorial standards. Some or all links may be monetized. Former House Speaker Nancy Pelosi wasn’t having it when CNN’s Jake Tapper pressed her about insider trading allegations. During an appearance on “The Lead with Jake Tapper,” the host asked what she thought of President Donald Trump’s accusation that she got […]
Newlywed Virginia ‘breadwinner’ fears merging finances with her ‘secretive’ husband. Dave Ramsey says she has only 1 way forward
After getting married or moving in together, many couples pool at least a portion of their finances in a joint account. But Sarah, a newlywed from Virginia — and the “breadwinner” — is worried about what will happen if she combines finances with her financially unfaithful husband. Must Read Real Estate: Thanks to Jeff Bezos, […]
Bernie Sanders admits he owns 3 homes, but claims he ‘doesn’t give a damn’ about money. How to build wealth even if you don’t want to be super rich
This article adheres to strict editorial standards. Some or all links may be monetized. U.S. Senator Bernie Sanders has long been hailed as a man of the people. So when it came to light that he owns three homes, critics were quick to pounce — hardly a surprise in a time when millions of Americans […]
The “silent expense” you must cut as you approach retirement — it can save you thousands of dollars a year
For many people, retirement is almost synonymous with practicing frugal habits. With little control over your monthly income, it’s natural that your attention might focus more on equalizing expenses. In Canada, rising living costs have led many seniors to adjust their spending habits, with the high cost of essentials leaving little room for “lifestyle” spending, […]
Bill Bengen has updated his 4% retirement rule — here’s what to consider before adjusting your spending
It seems the 4% rule is now the 4.7% rule. In the early 90s, financial planner William Bengen was looking for a simple solution to help clients understand how much they could spend each year in retirement before running out of money. He came up with the 4% rule and published his findings in the […]
I’m 50 and quit my job to take care of my parents. I only have $60K for retirement because I drained most of my 401(k). Is it too late to catch up?
Josh loved his job, but he wasn’t saving much. He knew he should be putting more aside for retirement, yet everyday life always seemed to take priority. Then his parents got sick. Must Read Real Estate: Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you […]
I’m 39, nearly $60,000 in debt and have nothing saved for retirement. Should I aggressively pay down my debt or start seriously saving?
This article adheres to strict editorial standards. Some or all links may be monetized. Jordan is 39 years old, and despite not having finished college, he recently started a job earning $75,000 per year. But he also carries a heavy weight. He’s $59,000 in debt, with no savings and no assets. He finally has some […]
‘Unsustainable’: Former Treasury Secretary Larry Summers issues stark warning about the national deficit — could it lead to a mortgage rate spike?
It’s a warning that will raise alarms for homeowners with mortgages, and those looking to buy: the possibility of continued high mortgage rates. The warning comes from the former Treasury Secretary, Larry Summers, who said in a speech in mid-October, that he thinks “it’s more likely that long [term] rates are going to go up […]
I’m 63, getting divorced and feel completely off course. How do I save my retirement with just half my assets?
Divorce is often a stressful and difficult situation for couples, but what happens when you’re divorcing in your 60s and close to retirement age? To make this scenario more tangible, imagine Mark and Jen, a Mississauga couple who recently split after 35 years. Mark, 63, is worried about what the divorce means for his finances […]