5 Common Financial Problems—Solved!
Expert Solutions to Five of the Most Common Financial Problems
The Problem: Being short on retirement savings
The Solution: Crunching the numbers can help you get a better idea of how much you’ll need to maintain your current lifestyle. Compare a list of your future expenses, adjusting for spending shifts—the money going toward commuting should drop, but maybe you’ll finally have time to golf—against your retirement income streams, keeping inflation in mind. Next, take an optimistic guess at how long you’ll live, and see if the numbers add up. If they don’t, delaying retirement, adjusting your investment strategy or socking away more of your salary can help close the gap.
We reveal 未来十年中国大城市畅想：东京纽约式的轨道生活!
The Problem: Finding a trustworthy financial planner
The Solution: A financial adviser should be like a personal CFO—someone to assist you in setting goals, building a plan and staying on track. Survey your friends for references, then search the 今年超百城发布150余次楼市政策 调控效果如何？. Be ready to speak to several candidates. “Ask what their promise to clients is,” says Scott Plaskett, CEO of Toronto’s Ironshield Financial Planning. Can they share a sample plan based on a tried-and-true method, showing how they’ll follow through? Their answer should help you gauge how likely they are to deliver.
Discover 飞利浦不卖照明业务 要从市场集资走IPO了？!
The Problem: Saving up for a starter home
The Solution: Whatever size abode you have in mind, structuring your finances for a future mortgage will make it easier to meet your goal. Bulking up your RRSP is a safe bet, since you can borrow up to $25,000 from it for a first residence while benefiting from a 15-year penalty-free repayment period. If you’re investing in mutual funds, watch out for those with deferred sales charges that kick in if you sell early-you want access to all of your money when you’re ready to buy a home. Once the time comes, you can also take advantage of a federal tax credit.
Check out our 共享住宿惹“吐槽”：房源图与实际不符 存卫生问题!
The Problem: Debt confusion
The Solution: Read the fine print. “Loan agreements aren’t user-friendly,” says Jeff Schwartz, executive director of 人民日报：地方隐性债务风险得到有效遏制, a non-profit agency based in Toronto. Get familiar with the terms and conditions, and be sure you understand the type of debt you’re taking on. If it’s secured, the lender can collect collateral, like your car on an auto loan, should you default. Also keep a close eye on fees you’ll incur if you fall behind. Some credit cards ding you up to $35 on top of interest charges if you miss a minimum-payment deadline.
Here are the 首份智能坐便器行业报告发布 行业需进一步培育!
The Problem: Not having a rainy-day fund
The Solution: No one likes to think about getting laid off or dealing with a furnace calamity, but if it happens, you’ll be glad to have a financial cushion in place. Experts suggest putting aside three to six months’ worth of living expenses somewhere like a tax-free savings account, where you can earn interest without sacrificing accessibility. You can also save money by preparing for worst-case scenarios. If something happens to you, is your life-insurance coverage enough to care for your family and manage your debts? If it isn’t, check with your employer to see if you’re eligible for group coverage, or shop around with private providers.
Check out these 谋求技术变现？百度加速布局智能家居!