August 2018

3 Ways to Have More Income in Retirement

Posted on Aug 27, 2018

ONE
Use the Canadian Retirement Income Calculator on the Canada.ca website to see how much you may earn in retirement based on your age, planned retirement date and contribution amount.

TWO
Become a landlord. Consider purchasing a rental property or leasing extra space in your home through publicly hosted sites such as Airbnb.com or VRBO.com. These si...

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Retirement Catch-Up: Get Your Retirement Savings Back on Track

Posted on Aug 20, 2018

Pay yourself first
The key to building wealth is keeping a portion of what you earn. Set up an automatic transfer of a portion of your paycheque into a savings account. From there, you can choose to contribute a portion of your savings into a retirement account, such as a Tax Free Savings Account (TFSA) and/or a Registered Retirement Savings Plan...

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How to Retire Well

Posted on Aug 09, 2018

Conventional wisdom suggests we should save about 10 to 12 times our current income; however, many people approach retirement having saved much less. According to the Canada Project Poll with Macleans, 62 percent of Canadians say they’re “very” or “somewhat” confident they’ll have enough money to retire at age 67.

So, how much is enough? The amount...

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The Gist: August 2018

Posted on Aug 03, 2018

“The Gist” is adapted from the REALTORS® Association of Edmonton Monthly MLS® Report and Press Release. Every month I summarize and post “the gist” of the MLS® data for Edmonton and area real estate activity.

The average*** single family detached price in the service area of the Edmonton Multiple Listing Service® was down 1.44% to $436,825.
The avera...

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