Interest Rates and the Economy

How much you should pay in fees on your work savings plan

Q. I have been registered with an insurance company through my employer since 2001. At the present time, I have about $50,000 in my plan. I pay 3% and my employer matches 3%. My concern is that I’ve noticed that the insurance company is charging me a high amount of management expenses. Every mon ...

What should Mike do with his $10,000 inheritance?

Time to splurge with your inheritance cheque? (Shutterstock) Q. I just inherited $10,000. What should I do with the money? I am 65 years old and retired. I live on a very limited income which doesn’t allow me to enjoy some of the more frivolous things in life. Any good ideas for the money? – ...

Market update. Oil price pumps up investors

Canadian stocks driven by the oil price combined with international stock growth are the major contributors to this month’s positive performance. Investors enjoyed a relatively relaxing month of lower volatility in many sectors. It seems to be a case of investors taking a breather to see what pl ...

Setting Up For a Summer Rally?

Patti Domm of CNBC resports, Stocks shrugged off 'sell in May' and are now setting up for a summer rally:Even if stocks hit a few speed bumps, they are showing signs of renewed strength that could propel the market higher in the summer months.Instead of talk about stocks bottoming, there's more ch ...

Variable Rate War Heating Up

Mortgage shoppers looking to get a variable rate are in luck. The country’s biggest banks are currently slashing rates and clamouring for their business. A week after BMO announced its 2.45% variable mortgage rate promo (prime – 1.00%) for new and existing clients, TD responded by matching the r ...

Guaranteed income is a no-brainer, right?

Those near or in retirement really like the idea of receiving a Guaranteed Lifetime Income (GLI).  But tell them this is the same as an old-fashioned life annuity and suddenly many lose interest. That’s a pity because, as this column has long argued, there is a growing need for a Guaranteed Lif ...

Canadian Housing And Perpetual Motion

Canadian policymakers have blundered into a perpetual motion machine, which is more commonly referred to as the housing market. By underwriting the credit risk of the mortgage market, the government has allowed the funding circuit to continue in an uninterrupted fashion. The lack of a crisis has ...

CalPERS' CIO to Step Down?

Mark Anderson of the Sacramento Business Journal reports, CalPERS investment chief Eliopoulos to step down:Ted Eliopoulos, the California Public Employees’ Retirement System’s chief investment officer for the past four years, said he will step down at the end of the year.Eliopoulos said in a ne ...

Have credit card debt? Raid that savings account

Q: I have $9,500 in credit card debt, but I also have some savings. Can I avoid dipping into my savings and just make higher monthly payments to lower my debt? Will that still be OK for my credit score? I’d like to have savings in case of an emergency.  A: Many of us were brought up with the n ...

How to mix rental income and portfolio returns in retirement

Q. My wife and I recently retired (she is in her late 50s and I am 63). We do not have pensions, so we are totally dependant on our investments and a rental property. Our retirement income strategy is as follows: when markets are up, we draw from our equities, and when they are significantly down ...