In the realm of mortgage transactions, a significant shift is occurring, with more borrowers facing longer mortgage terms that extend beyond retirement age. Research by Steve Webb, a former pensions minister, reveals that 40% of new mortgages in the second quarter of 2024 are projected to extend
Millions of Baby Boomers are rapidly reaching retirement age in a phenomenon often referred to as the "silver tsunami," which has resulted in a renewed focus on how this generation feels about their finances. According to Charles Schwab’s Modern Wealth Survey, a significant 66% of Boomers believe
In the face of climbing inflation rates and the ongoing cost-of-living crisis, Canadians are feeling the squeeze, prompting many to turn their attention to intergenerational wealth transfers as a potential financial safeguard. A recent survey conducted by Vanguard Investment Canada Inc. has
Financial sustainability is essential for NGOs to maintain their operations and accomplish their missions over time. It involves not only securing grants and donations but also effectively managing resources to maximize their impact. To start achieving financial sustainability, NGOs need to assess
529 Plans have become a central tool for many American families planning for the high costs of college education. These state-sponsored savings plans offer tax advantages and have adapted over time to become more flexible and beneficial for a wider audience. This document explores why 529 Plans are
The journey to financial harmony involves more than just numbers and investments. It requires a deep understanding of one's aspirations, emotions, and overall life goals. Financial advisors can better connect with their clients by adopting a humanistic approach that integrates financial psychology
