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The Procrastinator’s Guide to Retirement

Posted by on May 6, 2016 in Interviews, Money management, Saskatchewan Pension Plan | 0 comments

May 5, 2016 By Sheryl Smolkin Click here to listen Today I’m interviewing accountant Dave Trahair for savewithspp.com. Dave operates his own personal finance training firm, and he is also the author of five personal finance books. He offers seminars based on his books to organizations, including CPA Canada and its provincial accounting affiliates. His most recent book is The Procrastinator’s Guide to Retirement: How YOU can retire in 10 years or less, and that’s what we’re going to talk about...

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May 2: Best from the blogosphere

Posted by on May 6, 2016 in Consumer savings, Home ownership/renting, Toronto Star | 0 comments

May 2, 2016 By Sheryl Smolkin My husband and I helped our daughter buy her first house and a few years ago we bought my son a car. We also partially paid for their education so they were able to graduate debt free. I consider these gifts as an excellent investment because we could afford it and it was our pleasure to share our good fortune with them when they needed it most. So when I came across Sean Cooper’s blog Why Millennials Should Save Their Down Payment and Not Rely on the Bank of Mom and Dad, I...

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How will you spend your tax return?

Posted by on May 6, 2016 in Income Tax, Money management, Saskatchewan Pension Plan | 0 comments

April 28, 2016 By Sheryl Smolkin You have filed your income tax return and now all you are waiting for is to see your overpayment appear in your bank account. While paying too much taxes and getting it back at the end of the year really means you are giving the Canada Revenue Agency a no-interest loan, the fact is that particularly with interest rates so low, many of us look forward to a windfall every spring.  Because my husband retired in June 2015, we are getting a nice chunk of money back and we are...

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Apr 25: Best from the blogosphere

Posted by on May 6, 2016 in Consumer savings, Saskatchewan Pension Plan | 0 comments

25 April 2016 By Sheryl Smolkin I can never get too excited about the make and model of the car I drive. All I expect it to do is to reliably get me from A to B and cost as little as possible to run. But there has been a lot of press about the pros and cons of electric cars lately, including the latest luxury Tesla. If owning a Tesla is on your bucket list, you may be interested in a blog from the self-proclaimed tightwad Mr. Money Mustache describing his 1400 miles of non-driving in a Tesla with a friend...

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How we are spending our 2000 hours

Posted by on May 6, 2016 in Retirement, Saskatchewan Pension Plan | 0 comments

April 21, 2016 By Sheryl Smolkin              Designed and crafted by Joel Troster 2016 A press release I read recently titled “What will you do with your 2,000 hours a year when you retire?” made me stop and think about how my husband and I have spent our time since I left my corporate job 11 years ago and he fully retired in mid-2015.  An RBC survey of 1,500 working Canadians age 50 and older found almost three-quarters (73%) are unsure what they’ll do with that extra time. While the...

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Apr 18: Best from the blogosphere

Posted by on May 6, 2016 in Home ownership/renting, Income Tax, Retirement, Saskatchewan Pension Plan | 0 comments

18 April 2016 By Sheryl Smolkin We’re back and there is more than ever to share with you! We took a two-month break, but our favourite bloggers were still hard at work. So we have lots of great stories to tell you about in the weeks to come. The Liberal government’s first Federal Budget was tabled last month. It eliminated some measures enacted by the Conservatives and others will be phased out over time. On the Financial Independence Hub, Paul Phillips from Financial Wealth Builders gives a financial...

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More Canadians than Americans saving for retirement

Posted by on May 6, 2016 in Retirement, Saskatchewan Pension Plan | 0 comments

April 14, 2016 By Sheryl Smolkin There has always been a friendly rivalry between Canada and the United States in sports like hockey, baseball and skating. But a recent study from Franklin Templeton Investments reveals that that in the retirement savings arena Canadians are winning, because more of us are stashing money away to support ourselves in our later years. Nevertheless, the majority of Canadians are still concerned that they will not have enough money to retire. According to FTI’s 2016 Retirement...

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Tax tips from Tim Cestnick

Posted by on May 6, 2016 in Income Tax, Saskatchewan Pension Plan | 0 comments

April 7, 2016 By Sheryl Smolkin   Click here to listen Today I am interviewing Tim Cestnick, Managing Director of Advanced Wealth Planning at Scotia Wealth Management for savewithspp.com. Tim also writes a personal finance column called, “Tax Matters” that has appeared every Thursday for almost twenty years in Canada’s national newspaper, The Globe & Mail. We’re going to talk about some of the things you need to know to complete and file your income tax return. Welcome Tim and thanks for...

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PPO deductibles found to be just as high as HDHP minimums

Posted by on May 6, 2016 in Employee Benefit News, Health | 0 comments

By Sheryl Smolkin May 04 2016, 12:09am EDT — Benefit selection data from nearly 2,400 mid-size employers (100-999 employees) reveals that few of these organizations offer high-deductible health plans, but the average PPO plan carries deductibles high enough to legally classify them as HDHPs under government limits. The study, based on internal files of the cloud-based benefits enrollment and communications platform Benefitfocus, is a follow on to an earlier report that reviewed data from about...

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Employee development programs key to retaining talent

Posted by on May 6, 2016 in Employee Benefit News, HR Issues | 0 comments

By Sheryl Smolkin May 02 2016, 11:10pm EDT —  Companies looking to hang on to good workers would be well-served by updating and expanding their employee-development programs and other processes. According to Mercer’s 2016 Global Talent Trends Study, nine out of 10 organizations anticipate that the competition for talent will increase in 2016, and more than one-third expect this increase to be significant. However, though 70% of organizations say they are confident about filling critical...

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