What are Deposit Brokers? Deposit brokers are independent retailers of financial products and services. Those people specialize in “guaranteed” investment products such as GICs, term deposits, and Canada Savings Bonds. They work diligently to provide you with the best independent advice on...
Read PostRetirement Mistake No.17: Not Diversifying Investments
Joe Millionaire’s Retirement Income Plan Joe from Nanoose Bay dropped by to update me on his retirement income plan and to let me know he’s on track. He has a retirement income plan that is suitable for a 65-year-old senior with a conservative investment focus.Joe splits his investments...
Read PostRetirement Mistake No.13: Not Understanding the Most Powerful Investment Ever
The Most Powerful Investment Once in a while I have the opportunity to teach finance in a school setting. I talk about four things one can do with one’s money - spend,save, invest, and donate.Spending and saving do not need much explanation, but investing and saving are two very different...
Read PostRetirement Mistake No.12: Not Managing Your Retirement Nest Egg Like a Pension Plan
Can Anyone–Even You–Buy a Pension Plan?Buying a pension plan sounds like a great plan for your retirement, but what does a pension plan do with your money? How do they invest it? What will you get when you retire?Without going into a long article on how pension plans work, the one...
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