Tips for Estate Planning

When it comes to the topic of estates, Stephen White, regional leader of wealth planning for BMO Wealth Management, sums up the importance of having a plan. “Spending a little time to get all your affairs in order is one of ...

How to Transfer Retirement Savings If You Die

When people think about retirement, their top concern is usually whether they will have enough money to live comfortably. Unfortunately, though understandably, they often forget about their eventual death, but building retirement ...

Should You Get a Construction Loan or a Home Equity Line of Credit?

It’s always been your dream not to simply buy a home for retirement, but to build one from the ground up that is perfectly suited to your vision for how you want to spend your twilight years. To achieve this dream, two of the ...

The Basics of Successful Budgeting

If you’re clueless about where your money goes each month, you cannot create a financially stable present let alone plan for a healthily funded future. The following budgeting basics will help you garner a more complete picture ...

How to Determine Whether You’re Ready to Retire

Ever since you started life on your own, you have focused on keeping food on the table and a roof over your head and the heads of those who depend on you. If you’re lucky enough to have a traditional 40-hour work week, you will ...

Know the Differences between Simple and Compound Interest

When borrowing money, odds are you’ll be paying interest on that loan. It pays to know the differences between simple and compound interest and how these can be advantageous or disadvantageous for you in various situations, ...

Traveling During Retirement

When you retire, you have more time on your hands to see the world. However, with your fixed budget, planning your expenses out ahead of time is of utmost importance. Traveling during retirement is something that you can achieve ...

Adjusting Your Investments for Retirement

The end goal of every hard-working American is a long, fruitful and well-earned retirement. If you are still in the early stages of putting together your retirement portfolio or bearing down on the golden age, there’s still ...

Pros and Cons of Having an Emergency Fund

Having an emergency fund may seem on the surface to be a common-sense proposition. Money set aside specifically for the purposes of having it in the event of an emergency acts can be a valuable buffer between yourself and financial ...

Does the 4 Percent Rule Still Work?

If you’re well along the road to retirement, you’ve probably heard about the 4 percent rule in some capacity. This guideline for making withdrawals in retirement has been confirmed through extensive study and practice over ...