By Sheryl Smolkin
With RRSP season in full swing, you may be reviewing your budget projections to ensure you are saving enough for retirement. But are you factoring in the future cost of health care?
In Planning for health care in retirement, a guest post on Retire Happy, Sun Life Financial AVP Kevin Press suggests that some combination of disability insurance, critical illness insurance and long-term care insurance can help fill the post-retirement health care gap.
Understanding your family’s life insurance needs is another important element of financial planning. The blog Riscario Insider links to a LIMRA Quizz which you can take to test your life insurance literacy.
And if maxing your Sask Pension Plan and RRSP contributions are top of mind this month, tax season can’t be far behind. In Canadian Finance, blogger Tom Drake explores the mysteries of pension income-splitting, while in Boomer and Echo, Robb Engen discusses tax considerations for single income households.
Finally, if you’ve decided that this is the year you will finally buy a smartphone or trade your old one in for a newer model, on Engadget, Tom Stevens explains and evaluates the new features found in the BB10 which was released with great hoopla this week.
Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Send us an email with the information to firstname.lastname@example.org and your name will be entered in a quarterly draw for a gift card.