Geez, where does the time go? A busy week at work, a bathroom renovation going on at home (now on week #3), Christmas planning; the fun never ends. Hopefully our renovation will be complete and we can get our Christmas décor up around the house next week. I have no idea when we’ll get Christmas cards out this year…maybe only a few going out…
Enough about that, surely you’re busy with your lives as well – hope your holiday preparation plans are coming along with family and friends.
Earlier this week I launched yet another giveaway on my site – make sure you enter to win a book written by our current Federal Finance Minister here. I also shared our passive income earned year to date, we’re 39% towards our retirement goal here.
Ontarians have paid $37 billion more than market price for electricity. I knew Hydro One was a mess but this is nuts.
These 20 super rich Americans have more wealth than 50% of the U.S. population; more than 152 million other people.
How To Save Money has a huge cash giveaway on the go.
Pretty cool site stats year to date:
I disagree with this portfolio recommendation for a 30-something with hopefully decades of investing years ahead, why 30% bonds without any mention of their risk profile or other assets? I think if the financial planner truly believed “it’s important to think about future earnings rather than short-run volatility…” then the 30-something would have more equities.
Roadmap2Retire posted some healthy passive income.
This profile in the Globe was interesting. We have Sara and Sam in their late-50s with over $2 million in assets and a home equity line of credit around $50,000. They want to retire soon. Unfortunately they think it’s a good idea (while working, making a good income) to be withdrawing from their RRSPs to pay down their line of credit debt instead of killing the debt outright in the first place. This isn’t the first time I’ve read this and I often wonder how many people are doing this…
Michael James on Money decided long ago he doesn’t need incentives to shop.
Boomer & Echo told us Canadians investing in pricy mutual funds are paying for market underperformance.
I liked Million Dollar Journey’s year-end tax tips.
Credit Canada highlighted debt problems with a couple who makes $400,000.
Last but not least, in case you didn’t know, the TFSA contribution limit for 2016 has been reduced from $10,000 to $5,500 per adult. “Federal Finance Minister Bill Morneau confirmed Monday that the contribution limit on the tax-free savings account will drop back to $5,500 from $10,000 effective Jan. 1, 2016, but that the limit for 2015 will remain untouched. Mr. Morneau also announced that contributions will be indexed to inflation as of next year.” If my wife and I are lucky enough to max out our TFSAs in 2016 any extra money will go on our mortgage. Do you think that’s a good plan?