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Friday, July 22nd, 2016

Movin’ on up: Couple eye bigger home, a solid retirement foundation

After working out of the country for a year, Edgar and Abby are ready to set down roots. He’s self-employed, bringing in anywhere from $120,000 to $200,000 a year. She works in communications, earning roughly $90,000 a year. He is 41, she is 34. They have a toddler and hope to have another child or […]

Couple in 50s dreams of a holiday home in the sun – Consult with a Vancouver Mortgage Broker

Lana and Zack’s story is an increasingly familiar one: people in their 50s with well paid but stressful jobs who can barely wait to leave the work force. He is 51, she is 50. They own their house outright and have no debt. “We are eagerly working toward what we hope will be early retirement,” […]

Money-losing rental and layoff put retirement at risk for couple in their 50s

Situation: Layoff and inability to find a new job plus a money-losing rental property jeopardize couple’s retirement Strategy: Either get a new job to subsidize the rental or sell it to balance budget. Tidy up cluttered investment portfolio to reduce fees and duplicaton At their ages of 55 and 51, Dan and Martha, have hit a series […]

What to look for on your 2013 income tax return – Ask a Vancouver Mortgage Broker

What to look for on your 2013 income tax return It’s another good year for do-it-yourself tax filers. There aren’t too many tax changes and one really lucrative new tax credit. There aren’t too many personal tax changes on this year’s tax return, but make sure you maximize credits and deductions. By: Evelyn Jacks Special to The […]

Home buyers squeezed out of market must save more – or settle for less – Consult with a Vancouver Mortgage Broker

DAVID ISRAELSON- Special to The Globe and Mail When the Occupy movement hit the headlines in 2011, we heard about the 99 per cent, but when it comes to getting a mortgage there’s another group in Canada – the 9 per cent. These are the nearly one in 10 prospective home buyers who as recently as […]

Work longer but work smarter – Consult with a Vancouver Mortgage Broker

For most of us, the concept of retiring at 55 is dead. It is dead because many would struggle to finance a retirement that will last 30 plus years, but also dead because many people are realizing that they don’t actually want to be retired for 30 years. Since 1975, the average number of years […]

Three things to do with your money besides an RRSP – Ask a Vancouver Mortgage Broker

With the March 3 RRSP deadline fast approaching, you may be wondering whether you should join the herd and make that RRSP contribution in time to be able to claim the deduction on your 2013 tax return. Whether or not you decide to contribute to an RRSP this year depends on a number of factors, […]

TFSA or RRSP? Here’s how to decide – Consult with a Vancouver Mortgage Broker

NOREEN RASBACH-  The Globe and Mail Kuly Gill is every financial planner’s dream. The Calgary lawyer, in his 30s, owns a house, drives an older car and forgoes some annual vacations to save more for retirement. “I live cheap and put everything away,” he says. His investment strategy is simple: Contribute the full amount allowed […]

For young people, debt might come before RRSPs – Ask a Vancouver Mortgage Broker

Resolving to “get healthy” is a decent plan. However, setting a goal of biking to work and cutting out your afternoon peppermint mocha and chocolate cookie is an even more effective plan. How to practice ‘sustainable spending’ in retirement so you don’t run out of money Congrats! You’ve grown your nest egg to a size […]

Is using your RRSP to buy a house passé? – Ask a Vancouver Mortgage Broker

The $25,000 Ottawa allows you take out of your retirement fund to buy your first home sure doesn’t go as far as it used to. Under the home buyers’ plan, Canadians can take $25,000 out of their registered retirement savings plan and pay it back over the next 15 years without incurring any penalty. For […]

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