Canadian Personal Finance News | Week 38 2013

If you are trying to predict your cash flow in retirement, it's useful to know what investment returns you can expect. From an actuary's perspective, this involves less guesswork than you might imagine. Just like it's easier to forecast the average climate over the next 25 years than the weather next week, you can make a reasonably good estimate of long-term returns.

I just dropped my daughter off for her first day of kindergarten - and while it was a HUGE milestone for her (and me - sniff) it didn't cost much to get her there. Armed with a backpack, lunch and a new pair of kicks, she was off to a great start.

"Never trust the advice of a man in difficulties." -Aesop Most people nowadays turn to the Internet for advice on a score of subjects. Want to know how long to grill a salmon? Do situps really get you a ripped six pack? Does my dog have fleas?

The life insurance industry is fairly opaque to me, and - being the information glutton that I am - it bugs me. This is a great primer from Glenn Cooke on how to evaluate the interest of a life insurance broker.

Q: Recently the bond market-and 40% of my Global Couch Potato portfolio-has dipped significantly. I understand swings like this occur from time to time, but with interest rates moving higher would it be wise to decrease the percentage in bonds to say, 20%?

What is the minimum that investors need to do for themselves; what one thing can they not afford to leave to their advisors?

Here's a headline you probably didn't see: Canadians Have Never Been Richer. Or this one: Household Net Worth Rises To All-Time High. Or this: Canadians Are Twice As Wealthy, After Inflation, As They Were Twenty Years Ago. No, the headline you did see was something like this: Canadian Household Debt-To-Income Ratio Hits Record High.

For years, Mike Lescelius, 54, a sound recording engineer in Murphysboro, Illinois, struggled with managing his money. A lifetime sufferer of attention deficit/hyperactivity disorder (ADHD), he would forget to pay bills for credit cards, utilities and even his mortgage.

Just like with RESPs, a lot of virtual ink is spent on accumulating, but not so much on the mechanics of withdrawing.

Here's an interesting question to chew on: Do you know what your fund manager or adviser's portfolio looks like? (TD e-series. Now you know.)

Last weeks collection of Canadian Personal Finance News List - all relevant news articles and blog posts from week 37 in one place! Enjoy.

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It is too soon when it comes to evaluating the damages borne by the global economy due to the pandemic of Covid-19, even though there are some propositions according to which, it could have been pretty much as high as $12 trillion.

Read more: https://www.emeriobanque.com/news/global-economy-recovering-but-delta-needs-close-observation

As per the latest reports, a new data-as-a-service (DaaS) platform has been introduced by the Miami-headquartered Fintech company Calculum that is focused on assisting organizations in arranging better payment terms with business associates and on aiding their cash flow.