Tag Archives: retirement

Retirement

The Mortgage or the Retirement Account?

Leave a comment

One of the worst financial plans you can have is one that only asks the question, “Is it better to pay down your mortgage or contribute to your retirement fund?” If you have a home and a government-regulated savings plan, you will be required to either pay tax or interest when you want access to the money. At the very least, you need to have some savings or investments that are accessible without any restrictions in addition to your home and your retirement fund.

Because if you are saving for the long-term, you need to think long-term. There are many different ways to save for the future – one is inside a government-sponsored retirement plan, and others are to establish your own savings programs in such things as real estate (besides your home), non-retirement plan investments, insurance, mortgages, businesses, etc.

Financial Tips

Almost half of Canadian homeowners aren’t confident they’ll retire debt-free… What about you?

Leave a comment

The Manulife Bank of Canada surveyed 2132 Canadian homeowners in all provinces between ages 30-59 with household income of more than $50,000 between September 10-20, 2013.

According to this survey (conducted by Research House), Most Canadian homeowners rank becoming debt-free a high priority, but only 51% are confident they’ll actually reach this goal.

It can be tough to juggle the financial responsibilities of owning a home and raising a family while at the same time, trying to keep debt under control and save for your retirement years.

If you’re not confident you’ll be debt-free by retirement, there’s good news.

There are simple, time-tested debt-management strategies available that could help you become debt-free sooner.

As an advisor, I understand that discussing debt may be uncomfortable, but it’s a conversation critical to your long-term financial health. I can help you learn more about debt-retirement strategies and show you how an objective, customized plan could set you on the path toward debt-freedom.

If you’d like to discuss your debt-management plan further, give me a call or send me an email at: hjohns@assante.com or 613-332-5244