My New Book
It's called It's called How Not to Move Back in With Your Parents: The Young Person's Guide to Financial Empowerment and it's all about helping young adults learn the basics of money management from the university/college years through getting married, buying a home and starting RRSPs and TFSAs. Uniquely, the book speaks not only to late teens and 20/30-somethings, but also their parents. There's a lot parents can to do help their kids develop good financial habits, and to strategically assist them as they graduate, move into the workforce and start a family. Look for the new book on March 27, 2012 available in both print and e-book formats.
Ten Things You Need to Know About Your Company Pension Plan
1. Should I join my company pension plan as soon as I can? Yes, and this applies to any kind of pension to which your employer is making contributions. In essence, pension contributions by your employer are payments of salary set aside to help you in retirement. If you pass them up by declining to join the pension plan, you’re missing out on part of your salary. Joining your pension right away also... [Read more of this post]
The Smartest RRSP Savings Strategy Of Them All
This is deceptively simple. Start early with RRSP contributions and then make regular payments year after year. I do this, but I think I’m in the minority, judging by the persistence of a particularly dumb financial ritual called RRSP season. You’ll notice RRSP season getting under way in January, with lots of advertising by banks, mutual fund companies and advice firms. It then runs through February... [Read more of this post]
What To Do If You Have To Move Back Home
In this excerpt from my new book, I look at the kinds of things that young adults should be thinking about if they’re forced to move back in with their parents. WHEN PLANS GO AWRY: INTRODUCING THE BOOMERANG GENERATION We’ve been talking here as if you have made a successful transition from school to the workforce, with a decent salary, a place to live and the upward mobility we all expect at... [Read more of this post]
