Home Equity in Retirement – Reverse Mortgages vs HELOCs vs Downsizing
Million Dollar Journey
by Kyle Prevost
1w ago
Many retiring Canadians have a huge chunk of their net worth tied up in their housing equity. Deciding whether to tap into that housing equity through a reverse mortgage or a home equity line of credit (HELOC) as they transition through different phases of retirement can be a tricky decision.  The alternative option of selling a…The post Home Equity in Retirement – Reverse Mortgages vs HELOCs vs Downsizing appeared first on Million Dollar Journey ..read more
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Legal Wills Review: Canada’s Best Online Will Kit
Million Dollar Journey
by Kyle Prevost
3w ago
When I was asked if I wanted to write a Canadian Legal Wills review in exchange for a free trial of Canada’s best online will kit, I have to admit that I was embarrassed. You see… until yesterday I didn’t have a will. I know… statistics show that roughly half of Canadian adults don’t have a will, and only a third or so have one that is up to date.The post Legal Wills Review: Canada’s Best Online Will Kit appeared first on Million Dollar Journey ..read more
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What is Income Splitting?
Million Dollar Journey
by FT
1M ago
Income splitting is a tax-saving strategy that divides a stream of income between family members (usually two spouses). The goal is to apportion as much of the higher-earning family member’s income to other family members, in an effort to get that higher-earning spouse into a lower tax bracket. Some economists and policy wonks have made…The post What is Income Splitting? appeared first on Million Dollar Journey ..read more
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Is National Bank Stock a Good Buy Right Now?
Million Dollar Journey
by FT
1M ago
National Bank of Canada has demonstrated its resilience in the face of market challenges, standing out as a great investment opportunity in the coming years. Its historical performance reflects a commitment to stability and growth, with recent advancements reflecting its proactive approach to evolving market dynamics. However, it’s essential to consider the broader context of…The post Is National Bank Stock a Good Buy Right Now? appeared first on Million Dollar Journey ..read more
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Is BCE Stock a Good Buy Right Now?
Million Dollar Journey
by FT
1M ago
If you’re considering investing in BCE stock in 2024, evaluating the company’s performance, dividend growth, and the latest developments in the telecommunications industry can help you make your decision. Being informed about BCE’s recent advancements is crucial in determining whether it is a wise investment choice, and comparing it with its fellow Canadian telecommunication competitors…The post Is BCE Stock a Good Buy Right Now? appeared first on Million Dollar Journey ..read more
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Is CNR Stock A Good Buy Right Now?
Million Dollar Journey
by FT
1M ago
If you’re considering investing in Canadian National Railway (CNR) stock in 2024, it is important to evaluate the company’s performance, dividend growth, and recent developments in the railway industry. Staying informed about CNR’s recent advancements and industry trends is crucial in determining whether it is a wise investment choice. Additionally, comparing CNR with other Canadian…The post Is CNR Stock A Good Buy Right Now? appeared first on Million Dollar Journey ..read more
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Managing Money In Retirement – Investing with Cognitive Decline
Million Dollar Journey
by Kyle Prevost
1M ago
Since writing Canada’s first online course that looked at how to create a DIY financial plan for your retirement, I’ve gotten a few inquiries about a topic that is quite delicate, and generally isn’t much fun to talk about. (By the way, you can see what the course is all about by clicking here.) I’m…The post Managing Money In Retirement – Investing with Cognitive Decline appeared first on Million Dollar Journey ..read more
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Retirement Planning in Canada (RRSP Season)
Million Dollar Journey
by Kyle Prevost
2M ago
With “RRSP season” and annual financial goal setting in full swing, Canadian retirement planners are out there in full force ready to “help”. Honestly, the whole idea of “RRSP season” has always confused me a bit. It seems like we’ve collectively decided as a nation that we’ll squish “New Year’s resolutions” and “caring about money”…The post Retirement Planning in Canada (RRSP Season) appeared first on Million Dollar Journey ..read more
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Do I Need an Accountant To Do My Taxes?
Million Dollar Journey
by FT
2M ago
Two of the most common questions that I have gotten in our MDJ inbox over the years are: Do I need an accountant to do my taxes or can I DIY it? Do I need an accountant for my small business in order to do bookkeeping, tax preparation, and general financial advising? And then most…The post Do I Need an Accountant To Do My Taxes? appeared first on Million Dollar Journey ..read more
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Is Algonquin Power Stock A Good Buy in 2024?
Million Dollar Journey
by FT
3M ago
When considering an investment in Algonquin Power stock, it is essential to evaluate the company’s performance, market trends, and recent developments in the renewable energy sector. Keeping yourself informed about Algonquin Power’s recent advancements and industry dynamics is vital in making an informed investment decision. If you’re interested in diversifying your portfolio with dividend-paying stocks,…The post Is Algonquin Power Stock A Good Buy in 2024? appeared first on Million Dollar Journey ..read more
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