We all know what a mutual fund is – an arrangement in which investors get together, throw a bunch of money into a pot, and hire a professional money manager to buy and sell securities with the money, hoping to make a profit. The manager earns a percentage of the pot for his time and

In the most recent RBC RRSP Poll, it was revealed that there is a significant difference in how Canadian men and women save and invest their money; the differences are specifically shown on what they invest in and how much money they invest with. Within the past year, men have been more likely to put

BMO Bank of Montreal has recently announced the launch of BMO Lifetime Cash Flow, an industry first product that allows Canadians aged 55 and over with a guaranteed cash flow for life. This new product is a great addition to the suite of deposit products that comprise the BMO LifeStage Retirement Income Portfolios. Retirement can

As we age, we slowly make the transition and live into retirement, taking control of our health and wealth is extremely critical to ensuring the success of our future. All Canadians will find it necessary to learn how to manage their physical and financial capital in retirement. RBC has released and RBC Your Future by

An age old financial question countless people have asked themselves is what any excess cash should be used on. One option is to contribute to your RRSP, while the other option involves paying down your debt. Canadians are learning that saving more, and investing more are more beneficial than one may think. In my opinion,

A recent report from the BMO Retirement Institute has found the reason Canadians procrastinate when it comes to retirement planning. The report found that despite having almost 90% of Canadians feel retirement planning should begin early, 40% of non-retirees have done little to nothing to prepare for the day they decide to stop working. The

Saving for your retirement can be a tricky thing for anyone. What is the amount of money would we need for our retirement? It may sound surprising, but some people may feel that they need an amount such as a million dollars for their retirement. This makes retirement seem hopeless and causes an unnecessary amount