PlanEasy Inc.

Receiving and investing a large sum of money can be a daunting experience! At some point many people are faced with deciding how to invest a large sum of money, but what is the right choice?!? Understand the different investing methods you should consider to you to help alleviate stress and reduce risk... #financialplanning #adviceonly #investing #money #finance #business

Low risk investments are an important part of every financial plan and can fit into your plan in a few different places. From an emergency fund, to saving for a short-term goal, to reducing volatility in our investment portfolio low-risk investments are an important tool to help achieve your financial goals (and not be stressed out along the way!)

The conventional method to save for a home purchase may not be most effective given todays housing market. Could an alternative method suit you better? What is the best way to save for a house today? Save or invest? Find the best way to purchase your first home with the least risk...... #financialplanning #adviceonly #saving #investing #finance #business

Do you have to file taxes each year? No necessarily, but you probably should anyway. Even though you may not NEED to file a tax return you probably should for a number of reasons. There are many good reasons to file your tax return each year which we cover in this post. But if you meet certain criteria (and most of us do) then you have to file a tax return each year no matter what.... See what the CRA looks at when deciding if you need to file taxes this year...

Though they may appear daunting, Registered Education Savings Plans (RESPs) are a great tool for helping your children fund post-secondary education in the future. If an RESP isnt part of your financial plan already, and you have children under the age of 15, then there could be an opportunity to take advantage of this great account! Check out our new post on RESPs to understand how they work and why they are important!... #financialplanning #RESP #family #finance #money #save

RRSP contributions can either work for you or against you... Read our latest blog post where we discuss how seniors can maximize their GIS benefits and families can maximize their child benefits. In this post we provide two examples of how strategic RRSP contributions can help you to maximize your government benefits! ... #financialplanning #adviceonly #RRSP #finance #investing #business

Excited to see another PlanEasy financial plan featured in the Financial Post today, our 7th over the last year! This one highlights the importance of understanding survivor benefits when retirement planning for couples. #financialplanning... #retirementplanning #adviceonly https://business.financialpost.com//alberta-couple-with-bi

Low-cost investing has exploded in Canada. Its easy to create a low-cost, diversified portfolio, that isnt dragged down by high investment fees. So why arent more people switching? Find out why breaking up with an investment advisor is hard to do and why you definitely need to consider doing it...

Delaying OAS can be attractive in certain circumstances, especially to maximize government benefits in retirement, but its not quite as attractive as delaying CPP, find out why

Excited to see another PlanEasy financial plan featured in the Financial Post and even more excited to see advice-only planning mentioned! We believe this is the future of financial planning in Canada. No products, no commissions, no sales goals, just pure unbiased advice. https://bit.ly/2YjaVHe... #adviceonly #financialplanning #FinancialPost

Wow! So much exciting news! Another PlanEasy financial plan featured in the Financial Post this weekend! https://bit.ly/2WCD1NF... #adviceonly #feeforservice #financialplanning

There are at least 7 good ways to split income with a spouse and potentially lower your overall tax bill. Which ones are you taking advantage of? Which ones can you potentially take advantage of in the future?

Super excited to have another PlanEasy financial plan featured in the Financial Posts Family Finance article this week! https://bit.ly/2VtOcee #adviceonly... #financialplanning #feeforservice #unbiased See more

As your portfolio gets larger and larger there is a smaller and smaller chance that it will gain over a 2-week or 1-month period. Unless you like seeing your portfolio drop in value, the larger your portfolio is, the less often you should be checking it. For very large portfolios once per year is enough. How often are you checking your portfolio?... Find the ideal frequency to check your portfolio

When it comes to retirement there are sometimes 5-10 different income sources so what account do you draw down first? RRSP? Non-registered? TFSA? Or a mix of all three? Choosing the right strategy could mean +$100,000s. In our test scenario the best vs worst drawdown strategy had a difference of $328,490!

Whats the marginal effective tax rate for a family in Canada? Would you guess that its as high as 60%+? Would you believe that this isnt for a high-income family earning $250,000 per year but for a family earning $37,000 to $60,000 per year? Learn more about tax strategies for families with children

Managing money as a couple, is there anything more difficult?!? Sue and I talk to Sandi Martin and John Robertson from the Because Money podcast about how weve managed our shared finances for the last 10+ years. Warning, Sue and I always have a bottle of wine when we talk about finances together, and the podcast was no different listen now for all the details. https://becausemoney.ca/s5-ep6-couple-money/

Super excited to have a PlanEasy financial plan featured in the National Posts Family Finance article this week! https://bit.ly/2W0UTSB #adviceonlyplanning... #feeforservice See more

Late on your new years resolution?!? Dont worry, let us pick one for you! Just screen cap the GIF and then read the blog post to learn more about your resolution. https://www.planeasy.ca/18-great-financial-goals-for-the-n/

Check out my guest post on genymoney.ca and get a sneak peak at how I manage my personal finances in just 4-minutes per day. Get details on my daily, weekly, monthly and quarterly routines! https://www.genymoney.ca/managing-your-financial-routine-i/

You need less for retirement than you think. Numbers are often thrown around for retirement, like $1 million or even $2 million. The truth is. thats utterly ridiculous. The average Canadian wont need $1-2 million to retire and if youre targeting that amount you might be saving TOO MUCH for retirement.

Saving money doesnt have to be obvious. You DONT have to save money on coffee, or restaurants, or something you love! Thats crazy! The best ways to save money are hidden.

It might be called the Registered RETIREMENT Savings Plan, but the truth is you dont NEED an RRSP to retire (and it might even be counterproductive!)

I might be a financial hoarder... How about you?

Debt snowball? Or debt avalanche? Or both? What does your debt payoff plan look like? Plus a handy little debt calculator if youre looking for something fun to do tonight ; )

Routines make things easier! When were in a good routine things seem faster, easier and more efficient. For many years now weve been on a 4-month personal finance routine. Find out more about our routine in this weeks blog post

Saving is a habit. Try to save, even if your income is small. Youre building a habit that will benefit you for your entire life! Start by saving just $1 per day. Once youve integrated that into your lifestyle then increase it to $2 per day. Then $3 per day. Soon youll be saving $1,000+ per year and you wont even notice.

Check out this case study we did for MyOwnAdvisor.ca. Its a couple with nearly $1M in financial assets who want to retire by age 55 and spend $50k per year. Did they save enough? https://www.myownadvisor.ca/they-want-to-spend-50000-per-y/

My most spendthrift day in the last 8-months? August 1st, the first day of my vacation in Vancouver, I made 11 transactions that day! Based on the last 8-months Im averaging 1.3 transactions per day. Does that seem high, low or normal? Check out the latest blog post for more details including my longest no-spend streak

Achievement Unlocked! Here are 30 personal finance achievements you need to unlock. How many have you unlocked already?

The back to school ads have started :( What will you do with the rest of your summer? Weve got three great PF books you should put on your list.

Free office hours Thursday Sept 6th and Saturday Sept 8th! Book a free 30-minute session via phone or video chat. A few spots left! Book a session at planeasy.ca/office-hours ---... We do FREE office hours on the first Thursday and Saturday of every month. Have a personal finance question? Need help with your budget? Just want to talk about personal finance? Book a free 30-minute meeting with a fee-for-service financial planner. No commissions. No sales goals. Just advice. See more

When it comes to personal finance there are just 4 important keystone habits that you should focus on. Once these habits are established they create a ripple effect through the rest of your personal finances.

Bank of Canada raised their rates again. Are you feeling the squeeze of higher interest rates? Weve got 6 different strategies you can use to immunize yourself from rising interest rates.

If it seems like its taking forever to reach your emergency fund goal, and you want to build your emergency fund faster, then try one, two, or all eight of these ideas to help boost your e-fund quickly.

Just figured out that weve saved at least $3,000 over the last 10 years by using online banking! If youre still paying bank fees then consider switching to Tangerine or Simplii and put that money to better use. PS. Tangerine is paying 2.75% interest right now on new accounts.

Why do you need an emergency fund? Job loss, unexpected car repair... or how about you drop your iPhone and it shatters into a million pieces? I say that qualifies as an emergency.