Having mentorship from a financial professional can be of incredible value for you as an investor, helping you shape a financial strategy that will assist you in pursuing your goals.
When it comes to saving for retirement, the power of compounding interest should never be underestimated. And as a responsible investor, it can be helpful to know how long it would take to double your investment at a fixed rate of return. The Rule of 72 can be used as a quick rule of thumb to help determine this answer.
When preparing for your retirement, there are two common types of savings plans you could invest in: a Tax-Free Savings Account (TFSA) or a Registered Retirement Savings Plan. In this article, we’re helping you understand which is better for you.
According to the Conway Center for Family Business, family businesses account for 64% of the U.S. gross domestic product (GDP), yet 43% of family businesses have no formal succession plan.