Category: Saving strategies

A stay at home parent’s guide to retirement savings

Tips for retirement planning for stay-at-home parents.

We’re pleased to welcome Rubina Ahmed-Haq as a writing contributor to the Oaken Blog. Rubina is a highly regarded personal finance expert, and provides her thoughtful commentary for media outlets including the CBC and Global News. Rubina also writes for several magazines, and has her own website at alwayssavemoney.com. We’re especially excited to announce that … read more

Downsizing for retirees

Here’s what you need to consider if you’re thinking of downsizing your home as part of your retirement planning.

There are many key milestones in life: that first job, marriage, the birth of a child – even retirement. These events all bring about changes, and can lead to lots of questions. For those actively saving and planning for retirement, these questions are typically along the lines of “how much money do I need to … read more

Marc on staying true to his values

Socially responsible investing is a growing trend in Canada

By his own admission, Marc is a frugal individual. He also has a long history of trying to live in an environmentally responsible manner, and it is personally important for him that his investments align with his values and ethics. Marc may have been an early advocate for what we now refer to as Socially … read more

Simple driving tips to save fuel (and money)!

Help improve your vehicle’s fuel efficiency and save money with these small changes to your driving habits.

The price of gasoline has been on an upward trajectory for the past few months, and with the prospects of increasing carbon taxes likely resulting in future price increases, motorists are looking for ways to reduce their driving costs. Obviously, buying a more fuel efficient vehicle or even switching to an electric vehicle is one … read more

Is early retirement just a dream?

Is early retirement just a dream in today’s economy?

Back in the 1980s, one of Canada’s biggest insurance companies launched an advertising campaign to promote the idea of retiring at the age of 55. It was a very clever marketing strategy, and became hugely popular. As Canadians of a certain generation will readily attest, the magic number of 55 soon lodged in people’s minds … read more

What’s a robo-advisor, and should I have one?

Robo-advisors are growing in use – learn more about the history and how robo-advisors function in this Oaken Blog post.

If you’ve been hearing more and more about robo-advisors lately, that’s no surprise. First offered in the United States, robo-advisors have spread to the rest of the world, and are now one of the hottest ways of managing money for the average investor. In 2018, over $225 billion in assets were managed by robo-advisors worldwide. … read more

Giving while living: a new approach to transferring wealth

There are many things to consider when planning the transfer of wealth within families. And while Canada doesn’t have an inheritance tax, there are still other fees and taxes that could substantially reduce the value of your estate. One option available to minimize these costs is to “gift” a portion of the assets you intend … read more

Challenges facing the mature student

The number of older students returning to school has increased in recent years, as more workers are finding it necessary to upgrade their skills in order to adapt to rapid changes in the workplace. New technologies and updated practises have combined to impact not only how we carry out our job-related tasks, but also the … read more

Income splitting with a spousal RSP

If you intend to contribute to your RSP this year, you still have a few weeks to get in before the deadline of March 1. For the 2016 tax year, you may contribute up to 18% of your 2016 income, to a maximum of $25,370. As always, you can carry unused contribution amounts forward, thereby … read more