Weekend reading: tax cuts, group LTD, and more

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Hi everyone and welcome to weekend reading, where we share some of the best posts we read over the past week. We hope you enjoy them as much as we did. If you haven’t already, please consider following us on TwitterFacebook, and Google+, where we share the latest in personal finance, debt, retirement, insurance, tax and investments.

Insurance

Here at AAFS Insurance, we looked at the necessity of life insurance in retirement. While some people feel it is part of their estate plan, others have no need for life insurance during retirement. It all depends on your financial situation, estate planning goals and budget.

The Brighter Life blog lists reasons why your group LTD coverage may not be enough. Although most people who have disability coverage through their employer or union may feel they have enough, this is not a guarantee. Details such as benefit period and amount, maximum benefit, definition of disability and more are all important in determining if your group LTD coverage is enough.

Personal Finance

The federal government has announced a package of tax cuts that includes income splitting for families with children under age 18 and the expansion of the Universal Child Care Benefit.

Tom at the Canadian Finance Blog helps figure out how much mortgage you can afford. While it’s important to fit your monthly payments into your budget, you also have to be aware of mortgage rate changes in the future affecting this number.

Barry from Money We Have answers some TFSA questions from new grads. One of the most common questions he addresses is between an RRSP and TFSA, which is a better account?

Investment

Robb from Boomer and Echo polls the personal finance community on the topic of borrowing to invest. The majority responded that the strategy is not for the majority of investors, but those who have the discipline to stick with it and successfully implement it can reap the reward years down the road.

Steve from Kapitalust has a guest post on a crash course in options trading. He teaches you how to make incremental gains with highly controlled risk through the options market.

We hope you enjoy the reads this weekend and be sure to check back next week for a new post. Subscribe to our weekly newsletter on the right side of the page so you don’t miss a single post!