By Karen Fenske, Fenske Financial Coaching & Planning If you have ever wondered whether you should be putting your retirement savings into an RRSP or a TFSA, you are not alone. It is one of the most common — and most important — financial questions Canadians face. Both accounts are powerful tools for building long-term wealth, but they work in fundamentally different ways. Using the right one for your situation can mean tens of thousands of dollars more in retirement income,

When Should You Start Planning for Retirement? A Stage-by-Stage Guide for Canadians By Karen Fenske, Fenske Financial Coaching & Planning Retirement planning is one of those topics that almost everyone agrees is important — and almost everyone wishes they had started sooner. The truth is, there is no single right age to begin. The best time to start is whatever age you are right now. What matters more than your starting age is the clarity of your plan, the consistency of your

Life insurance and mortgage insurance are two different types of insurance related to homeownership. Compare before you sign your mortgage.

Improve your Credit Scores & DTI to Qualify for a Better Mortgage Rate

There is a lot of terminology to learn in the "money world" so I have decided to occasionally provide little snippets regarding...

Buy a gift certificate for your couples who are "STARTING OUT" and help them build their life together without saying a word! A strong...

The TFSA contribution limit for 2024 has been officially released. That limit is $7,000, up from $6,500 in 2023 and $6,000 in 2022. The...

Many of you would prefer to stay in your own home and “Age in Place”, as we call it. Let’s talk about your choices.

Retirement is more than just a date - it's a new stage of life. There are many questions to answer while retirement planning and where...