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Wealth

20% Of Millennials Will Die With Debt?

In a shocking recent study on www.cnbc.com, the average millennial (aged between 18 to 34) is currently carrying $36,000 in personal debt excluding any home mortgage they have.  While this debt is certainly crushing this generation, just over 60 percent of millennials with debt have absolutely no idea when they are going to pay this […]

Wealth

RRSP vs. TFSA: Which is right for me?

Which is better—a TFSA, or an RRSP? That’s kind of like asking, “Which is better—a t-shirt, or a sweater?” Fundamentally, they do the same thing—t-shirts and sweaters both keep you covered, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) both let you save money for the future. But the way they do it […]

Wealth

Should You Be Self-Gifting On Black Friday

As the holiday season approaches us, one of the trends that is growing is called self-gifting.  Have you been annoyed in holiday seasons past because you end up getting gifts that you’ll never use or a drawer full of gift cards from stores you don’t really like?  We get so cautious about telling people what […]

Wealth

What is an RRSP and how does it work?

Maybe you can’t drive stick shift. Maybe you don’t know the name of your local representative. Or maybe you’re still unclear on what, exactly, gluten actually is.  We all have holes in our knowledge that we’re embarrassed to admit. If you still aren’t sure what an RRSP is, or how it actually works—don’t worry.  Using […]

Wealth

How To Avoid A Holiday Charity Scam?

Over the past few weeks I have covered elderly scams and romance scams, but this one could hit one of your family members over the holidays… Last year, a New Jersey couple launched a fundraiser for a homeless man.  Donations poured in as hearts were ripped out about this tear-jerking story.  We see charitable causes […]

Wealth

Managing a Financial Windfall

This post was written by our friend at The Boomer Club. Finding out you received a financial windfall is exciting. Odds are at some point you’ll likely receive a sudden influx of money. Windfalls can come from lots of different sources: inheritance, divorce settlement, insurance proceeds, sale of small business, severance or retirement package and […]