Let’s Create a Legacy

2020-06-29T15:32:59-04:00By |Daily Advice Tips|

Have you ever wondered how to create a legacy?  Yes, I know there are those that are ultra-rich who donate millions of dollars to hospitals and foundations and then get a research building named after them.  But really, for those of us that have worked all our lives to scratch out a living and are now retired, how could we possibly think of creating a legacy to be [...]

Can You Retire Early?

2020-06-26T15:14:04-04:00By |In the News|

Ask the Money Lady, Dear Money Lady Readers, I wanted to do something a little different this time.  I always get questions from people who want to retire early, leave their careers, and finally make that hard stop to working.  The thought of waiting until they are 65 or longer seems like torture.  So, today I am asking you a question! Can you really retire earlier?  You know [...]

How To Pick An Investment Advisor

2020-06-19T15:11:37-04:00By |In the News|

Ask the Money Lady, Dear Money Lady, I received a large severance from my employer that recently eliminated my job after 38 years.  I plan to find an Advisor, but because I have never had one before I am wondering what I should agree to pay for their services? Ed How to pick a good Investment Advisor Ed you are not the only one looking around for a [...]

Is It A Good Idea To Borrow To Invest In The Stock Market?

2020-06-12T15:06:45-04:00By |In the News|

Ask the Money Lady, Dear Money Lady, My sister borrowed $100,000 off her line of credit a few years ago at the advice of her Investment Advisor and put it into the stock market, using the interest as a tax write off.  She said this was a “leverage lend” which I was very skeptical about at the time.  Since the market is so low now, I am wondering [...]

Is A TFSA For You?

2020-06-04T15:40:46-04:00By |Daily Advice Tips|

A TFSA or Tax Free Savings Account was first introduced in 2009 for Canadians to create an investment savings account whereby all growth on their deposits are not taxed.  Really, every Canadian over 18 should have a Tax Free Savings Account as part of their plan to save for the future.  If you were just starting out today and had not been contributing since 2009, you could invest [...]

The Stock Market – Waiting It Out

2020-06-04T15:37:56-04:00By |Daily Advice Tips|

There are many retirees feeling that they have not only been hit with an unpredictable future for their health but also an uncertain economic future with respects to their retirement investment savings.  Being forced to wait for the market to rebound is something most older investors have done many times in the past, with the 2008 Financial Crisis, and before that with the global stock market crash after [...]

Is a Recession Coming!

2020-06-04T15:06:28-04:00By |In the News|

Ask the Money Lady,Dear Money Lady,My friends and I were discussing the fact that we think there will be an inevitable recession due to the pandemic and we wondered what you thought?Verna Dear Verna – a Recession You Say !!I have had many comments from readers who truly believe we will go into a long recession, but I honestly can’t see it Verna.  While we have reduced our growth estimates [...]

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