Hi 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 Twitter, Facebook, and Google+, where we share the latest in personal finance, debt, retirement, insurance, tax and investments.
Here at AAFS Insurance, we looked at the maximum issue limits for disability insurance. This is the maximum amount of coverage you can purchase based on your occupation class, age and income.
Here are 5 things you might not have known that life insurance can do for you. Besides providing a death benefit to beneficiaries, cash that grows inside a permanent policy can be withdrawn for all sorts of purposes later in life, such as starting a business, or taking time off to care for an elderly parent.
Donna at Retire Happy talks about issues that men face in retirement. Some of the most common issues include finding a sense of purpose, making arrangements with the extra time and continuing to be productive at an advanced age.
Mark at My Own Advisor explains why living off of your dividends or distributions is a valid retirement plan. When salaried income stops at retirement, the stream of dividends or distributions can replace the lost income, and supplemented by other sources such as CPP and OAS or a pension, the strategy is a healthy financial plan.
Marie at Boomer and Echo provides some tips on how to improve your credit score. Paying your bills on time and staying well below the credit limit are two of the most important things you can do to keep your score high.
Dan at Canadian Couch Potato explains how bad data can lead to poor investment decisions. Especially important when looking at past returns is ensuring that the source of the data includes returns not just from the price, but also from distributions. Otherwise, you’re only getting half the picture.
Although gains in the TFSA is supposed to be tax-free, traders with over a million dollars in them are now being audited by CRA. Do you agree with the stance that people in the business of trading should be subject to tax on all their gains in their TFSAs?
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.