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Getting Finances in Order, Annuities, Gardening, Dreading Taxes and more!

It is never late to get one’s financial affairs in order. This exercise gains prominence with a dependent family. The Retire Happy blog wrote about how to Get your finances in order.

Debt freedom can be a big boost to long-term life plans including relocation, switching careers, retirement, etc. Young of Young and Thrifty explained her view through Why I am Paying Down My Mortgage More Aggressively.

Preferred shares can seem to offer the best of two worlds: reliable income like bonds and favorable taxation like common stocks due to the dividend nature of the payouts. Canadian Couch Potato continued his series on preferred shares by asking: Does Your Portfolio Need Preferred Shares?.

Annuities can be a dependable method for achieving a steady cash flow in retirement. However, the interest rate calculation is not as simple as [money received per year] / [capital used for the annuity]. Michael James on Money used a chart to demonstrate how to determine What Interest Rate is Your Annuity Paying?.

Index investors are satisfied with getting the market return minus fees and tracking error of an ETF. They have recognized that it is rare for an investor to achieve above-market return in a consistent manner. Along that line, My Own Advisor asked Why buy individual stocks at all?.

With spring and summer comes keen interest in gardening and yard work for many folks. Having a garden can provide good food and reduce costs. Sustainable Personal Finance listed the steps on How to Sprout Your Own Garden Starts.

A successful small business can provide a fillip to many life goals including retirement. The Canadian Finance Blog showed readers how a small business owner can perform better through the post: 5 Tools That Help My Small Business.

Having financial security can provide peace of mind. To assist readers on that journey, Squawkfox wrote about Five unconventional ways to get your financial act together.

Retirement can be a pipe dream for many people. Conversely, there is a small set from the younger crowd that is retiring early or semi-retiring using modern technology and work-from-anywhere jobs. Boomer & Echo touched upon this subject through the post: On Retirement – Early or Never?.

With tax season in full swing and people getting their paperwork ready to appease the taxman, Canadian Dream discussed Dreading Taxes and the steps he has taken to make the task less daunting.

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FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 4 comments… add one }
  • Robb Engen May 22, 2015, 10:34 am

    Thanks for the mention, FT. Have a great weekend!

  • My Own Advisor May 22, 2015, 8:00 pm

    Always an honour when you get mentioned by one of the blogs that inspired you!

    Have a great weekend FT.
    Mark

    • Citori June 1, 2015, 4:46 pm

      I am moving away from a financial advisor managed RRSP to a self-directed RRSP. I want to redeem the mutual funds with my FA, transfer the cash and then re-build in my self-directed RRSP with low cost EFT’s. Does it relay matter if I have to pay a 2% fee for redeeming some of the recent mutual funds given that it would cost me 2.4% in MER/year if I wait until I may redeem them at no cost? Thanks FT, your site gave me the incentive to take control of my finances.

  • Michael James May 25, 2015, 12:15 pm

    Thanks for the mention, FT. My readers seem to be split between those who like charts and a little math and those who don’t. You seem to be on the side of some numbers and charts.

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