Most of what I read about retirement in my job divides neatly into two categories: 1) retirement is great and 2) retirement can be miserable if you don't watch out. To show you what I mean, look at two articles I came across earlier this week.
The first is about loneliness, described as a silent killer of retirees. It's twice as harmful to your health as obesity, the article says. The second is one woman's upbeat list of 10 things she likes about getting older. Among other things, she finds herself less anxious, judgy and self-critical.
Pay close attention to that list of 10 good things. It says here that people who have a positive attitude toward aging tend to live longer than those who view it negatively.
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One way to cut your clothing budget
Can an adult get away with wearing the same thing to work every day? Think of the time and money you'd save…
Why you should read your grocery store receipt
I'm bad at this – I don't even check restaurant bills all the time. But here's a strong case for taking a close look at what receipts tell you about your food costs.
"Think of fees like termites"
An amusing and dead-on critique of the financial advice biz by John Oliver, a TV rant artist whose show is called "Last Week Tonight." It's U.S.-focused, but definitely applicable to Canada.
They can afford a house, but they're renting
Does this sound familiar? The housing market in Pasadena, Calif., is frothy and some people are wary of buying in. Read here about why one family decided to rent there instead of buying.
Your yacht vacation
How to vacation like a billionaire on the cheap – tips for affordably booking a holiday on a yacht, staying in a luxury hotel and travelling on a private jet.
Travelling to the U.S. this summer?
Here's a list of the best free things to do in all 50 states.
Today's featured financial tool
If you own mutual funds, try this fund fee calculator to see the dollar amount of the fees you're paying. Starting this summer, new investment industry rules will require this information to be displayed on client statements.
The question: "Due to the current volatility in the market, I am sitting on lot of cash and waiting for a buying opportunity. [My broker] doesn't pay any interest on the cash in the account. Is there another source where I can earn something better than nothing?"
My reply: What you want is an investment savings account, which is a high-interest savings account that trades like a mutual fund. Returns on most are 0.75 per cent, but I see that Home Trust's product pays 1.05 per cent. The fund code is HOM100. This and other accounts are protected by Canada Deposit Insurance Corp.
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