Even though most of us are preoccupied with other things at this time of year, there is a handful of year-end investment and tax tips that make a lot of sense to look at now. That’s because they could save you money now and next April, when it’s time to pay your taxes.
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. Money Makeover takes a look at Gina, 63, has recently purchased a preconstruction investment property to help fund her retirement in 2 years time.
Gina says she is uncomfortable with owning a rental property. There are better retirement income choices for a risk-averse investor.
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. Money Makeover takes a look at Christopher, 62, and Charles, 59, are newly retired snowbirds living in Mexico during the winter months. They have enough money to live a frugal retirement lifestyle, but they’ll need to adjust their expenses and expectations to go the distance.
Robyn Thompson is regularly featured in The Toronto Star’s “Monday Makeover” series by Deanne Gage. In this recent post, Robyn helps a cash-strapped couple maximize government benefits they’ve forgotten about.
There’s more to it than just dipping into your savings accounts
Q – My husband and I are both 45 and set to retire in 15 years. We have the majority of our money invested in mutual funds divided between RRSPs and cash accounts. We are looking to do some planning and wonder where we should be withdrawing money from first in retirement? – Asked by T.S. READ MORE