Financial Post
Test your financial savvy
Answer these three personal finance questions to see how your financial literacy scores
Coping with OAS at 67
Fred Vettesee: Sure, changes to the Old Age Security pension are necessary, but there are ways to do it to reduce the pain
Over 65 and ready to work
Part-time work is the new retirement, either because people are too bored or too poor to leave the workforce completely
Unpredictable income makes retirement planning tricky
Family Finance: With a whopping $160,000 in cash, the first thing this sales executive needs to do is write a couple of cheques -- first to pay his $125,000 mortgage
Early CPP nice but it will cost you
Savings Squad: In spite of dramatically higher payments for those who can afford to delay their CPP, hardly anyone opts to postpone their pension after age 65
Don't bank on that inheritance
The estimated $1-trillion dollar transfer of wealth forecast to occur in the next 20 years is not happening exactly the way the would-be recipients might have hoped
Living in the moment has a price
Family Finance: Even with a big mortgage, car loans and payments for appliances, this couple isn't broke now. But if they don't fix their finances, one day they will be
RRSPs can house a mortgage
While most sock their funds away in traditional asset classes, there are other uses for your RRSP money, and one of them could include your mortgage
Investor fatigue clouds judgment
'Media by the second' amplifies the effect of volatility on investors who now follow every fluctuation in their holdings utilizing cellphones and computers
Savings Squad: PRPPs will put savings in the wrong shelter
Malcolm Hamilton: 'If we want to improve the lives of low-income Canadians, we should not automatically collect contributions on the first $20,000 of earnings and we should use TFSAs, not locked-in RRSPs
Forced into retirement
Laid off from a high-paying corporate job, this man fears at the age of 58 he may be unwillingly retired. Can he make his life savings last?
Why do young people have to foot the bill for Boomer pensions?
The CPP provides high returns to those who entered the plan 40 years ago and it provides much lower returns to those entering the plan today
The not-so-easy path to retirement
'Suddenly one day you wake up and realize it’s not a vacation anymore,' says retired 'workaholic' struggling with the easy life. 'It’s forever'
Canadians on edge of debt cliff
With the ratio of debt to income already at a record 153%, how long until Canada approaches the landmark 160% hit by the United States before it tipped into crisis more than three years ago?
If Mitt Romney were Canadian, he would pay even less tax
If Mitt Romney were filing Canadian taxes, he would have paid less, though Canada’s tax rates are considered to be substantially higher than the U.S.
Scattered results
Family Finance: An Alberta couple, both self-employed as consultants, have come to a point in their lives in which they have a good deal of unencumbered cash flow
Catching up your nest egg
Low interest rates for indebted homeowners may continue for awhile, but is it an equally auspicious time to borrow to maximize retirement savings plans?
Savings Squad: To RRSP or not to RRSP
Jason Heath: 'Despite the marketing machine the Canadian financial industry revs up this time of year, the question may not be what to put in your RRSP but do you need one at all'
More mortgage rules planned if housing market gets too hot
A new round of mortgage rules from Ottawa could include tough new measures for calculating how the self-employed qualify for loans and tighten regulations for condominium buyers, sources say
Master the art of budgeting to tackle student debt
More than two million Canadian students rely on loans to help fund their education, and nearly a quarter of that group struggles to pay them back after graduation
