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Who does NOT need an RRSP?

Posted by on Feb 5, 2017 in Retirement, Saskatchewan Pension Plan | 0 comments

February 2, 2016 By Sheryl Smolkin —– In the first two months of every year financial institutions across the country advertise heavily encouraging every Canadian to open a registered retirement savings plan and make a maximum contribution. And if you haven’t made all of your permissible RRSP contributions in earlier years you are an even more attractive target because chances are you have thousands of dollars of additional unused RRSP contribution room. But in spite of the fact that I have...

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Jan 30: Best from the blogosphere

Posted by on Feb 5, 2017 in Money management, Saskatchewan Pension Plan | 0 comments

January 30, 2019 By Sheryl Smolkin —– The thing about January is that everyone is either trying to get physically, mentally or financially fit, although some people are closer to the end game than others. Here’s what some of our favourite bloggers wrote about saving money and reaching other goals in 2017. In How to Save Money on Groceries: 10 Easy Ways to Cut Your Bill in Half Tom Drake gives the usual advice, such as make a list and stick to it, try private label brands and buy case lots of...

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Adding up retirement savings room

Posted by on Feb 5, 2017 in Income Tax, Retirement, Saskatchewan Pension Plan | 0 comments

January 26, 2016 By Sheryl Smolkin —- Making maximum annual available contributions to Saskatchewan Pension Plan plus your Registered Retirement Savings Plan and Tax-Free Savings Account will help to ensure that you have the retirement savings you need to support yourself once you leave the world of work. However, there probably have been years when you have not been able to make the full available contributions. But fortunately, both RRSP and TFSA contribution room can be carried forward, so if your...

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Jan 23: Best from the blogosphere

Posted by on Feb 5, 2017 in Consumer savings, Money management, Saskatchewan Pension Plan | 0 comments

January 30, 2017 By Sheryl Smolkin —- Here we go with another series of video blogs that will help you to organize and manage your finances. Some of them are not recent, but they have definitely withstood the test of time. In Budgeting Without Losing Your Mind, Young Guys Finance says budgeting doesn’t necessarily mean punishing yourself so you can’t spend any money. Instead he vues budgeting as an awareness tool that will help you to identify what you are spending money on and cut back on what...

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Why you should join SPP

Posted by on Feb 5, 2017 in Retirement, Saskatchewan Pension Plan | 0 comments

January 19, 2017 By Sheryl Smolkin —- It’s registered retirement savings plan season again and media ads from financial institutions encouraging you to open a plan and invest in their products are running 24/7. But you are really not sure whether you should opt to save your hard-earned money in the Saskatchewan Pension Plan, an RRSP or a tax-free savings plan. There is not a single answer that will meet the needs of every individual or their family. You may opt to split your savings among the three...

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Jan 16: Best from the blogosphere

Posted by on Feb 5, 2017 in Investments, Saskatchewan Pension Plan | 0 comments

January 16, 2017 By Sheryl Smolkin —- With Brexit, the election of Donald Trump and the stock market’s long bull run in 2016, the big question everyone is asking is what is in store for the Canadian economy in 2017? Well, it depends who you ask and on what day. Here are a few recent predictions in the mainstream media, which may or may not pan out. You be the judge. Not surprisingly, there’s one risk that “Trumps” them all for Canada’s economy in 2017, said Royal Bank Chief Economist Craig...

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Alexander Fung: Helping parents raise money smart kids

Posted by on Feb 5, 2017 in Money management, Saskatchewan Pension Plan | 0 comments

January 12, 2017 By Sheryl Smolkin —– Click here to listen Today I’m interviewing Alexander Fung for savewithspp.com. In 2015 Alexander graduated from the Goodman School of Business at Brock University where he studied corporate and personal finance. He has worked as an analyst at Scotiabank and Fidelity Investments Canada. But first and foremost, he is an entrepreneur and app developer whose mission in life is to help parents raise money smart kids. His app Dollarwise was awarded third place...

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Jan 9: Best from the blogosphere

Posted by on Feb 5, 2017 in Money management, Retirement, Saskatchewan Pension Plan | 0 comments

January 9, 2016 By Sheryl Smolkim — Fireworks on Parliament Hill and across the country ushered in Canada’s sesquicentennial or 150th birthday. I’ll never forget babysitting on New Year’s Eve in 1967 and hearing Gordon Lightfoot’s Canadian Railroad Trilogy for the first time. It’s still one of my favourites! As our contribution to Canada’s big birthday, in this space we will continue to direct you to the best from Canadian personal finance bloggers from coast to coast with an occasional...

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One in three Gen-Xers expect to work during retirement

Posted by on Feb 5, 2017 in Millenials, Money management, Saskatchewan Pension Plan | 0 comments

January 5, 2017 By Sheryl Smolkin —– According to a recent TD survey, more than two-thirds of Canadians between the ages of 35 and 54 say they’re not saving enough for retirement, and one in four say not being ready for retirement is keeping them up at night. As a result, the majority of Gen-X Canadians (60%) who aren’t saving enough do not expect to be able to retire on time and half as many (29%) expect to still be working in some capacity during retirement. The top barrier preventing...

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Personal finance writers share 2017 New Year’s resolutions

Posted by on Feb 5, 2017 in Money management, Saskatchewan Pension Plan | 0 comments

December 29, 2016 By Sheryl Smolkin —– Several years ago Globe & Mail columnist Tim Cestnick listed what he considers to be the top five opportunities for anyone looking to get their financial house in order: Create a pension Own a home Pay down debt Start a business Stay married So I decided to ask 10 money writers to share their top personal finance New Year’s resolution with me, in the hope that it will encourage readers to establish and meet their own lofty goals in 2017. Here, in...

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