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What is the ‘Rule of 72’ and How Does it Work? Man Putting Coin in Piggy Bank Save Money

What is the ‘Rule of 72’ and How Does it Work?

When it comes to investing, it’s often difficult to know if you’re getting the best bang for your buck. Should you be putting more money into mutual funds or ETFs? What about tech stocks? Is there any value in precious metals? What’s all this buzz about Bitcoin and cryptocurrency? Even if your money is earning […]

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4 minute read

Make Sure You Avoid These Costly IRA Mistakes Couple Shocked by Costly Mistakes Save Money

Make Sure You Avoid These Costly IRA Mistakes

The Internal Revenue Service (IRS) means business. The federal agency tasked with collecting taxes has spent decades honing and fine tuning their rules. These include the rules around contributions to savings vehicles such as an Individual Retirement Account (IRA). If you follow the rules, you could be on a path to a sound retirement with […]

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5 minute read

When It Makes Sense To Take Money From A Retirement Fund Early Jars of Money for Retirement Fund Save Money

When It Makes Sense To Take Money From A Retirement Fund Early

The accepted wisdom in financial circles is that you should never take money from a retirement account early. Most advisers are strictly against the idea of withdrawing funds from a 401K, IRA, RRSP or TFSA. They will say it’s the same as stealing from yourself. And your future. However, the reality is that life happens. […]

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6 minute read