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Brad Steedman

Cell: 519-755-0001 | Office: 519-756-3900

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August 2018

Found 2 blog entries for August 2018.

Conventional wisdom suggests we should save about 10 to 12 times our current income, however, many people approach retirement having saved much less. So how much is enough? The amount of money you should have saved before you retire depends on many personal factors and considerations including

Your Lifestyle: If you live well within your means and have prudently saved for retirement, you may not need to adjust your lifestyle much it is better to have the choice to downsize your lifestyle and spending habits than it is to be forced to due to lack of adequate planning.

Your Retirement Plans: Although it's wise for both you and your spouse/partner to save for retirement., there are other considerations that may impact your total savings target: At what

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Strategically reducing or paying off debt benefits your finances tremendously, but can positively impact other areas of your life as well. One possible benefit is 1. Reduce stress. Finances are . top source of stress for many Canadians. When you make the commitment to pay off your debt, you're also making a commitment to your overall health and well-being by minimizing a large cause of stress. 2. Improve your credit score. Although credit cards and lines of credit may help establish your score, maintaining low balances positively impacts it overall. Additionally, if you plan to finance a large purchase, such as a car or home, keeping your outstanding balances low may classify you as a lower credit risk and qualify you for reduced interest rates. 3. Easily

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