Retirement planning: Don’t leave money on the table

You work hard for your money.  You’re accumulating wealth by being responsible with your spending and saving decisions.  Why?  So that you can use that money to enjoy a long, happy retirement.  But, contrary to most financial planning assumptions, research shows that few retirees manage the decumulation of their assets well.  Most are leaving money on the retirement table.Some people…

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Life is like a jar of golf balls

Here is an apocryphal story for you.  Its veracity may be questionable, but its impact and utility are not.   A university professor enters a classroom full of students carrying a box which he puts on the floor.  He pulls a large glass jar out of the box and puts it on his desk.  Then he reaches back into the box…

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How to make the most of an RESP

We learned all about RESPs in our last post.  Now comes the fun part: what is the best way to save in an RESP?First, a quick review of the basic RESP rules.RESP rules -  the quick and dirtyRESP contributions are made with after-tax dollars - i.e. unlike RRSPs, there is no tax deduction for RESP contributionsThe government will top-up contributions…

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