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Author Archives: Danielle Park
The truth about lump sums: most people screw them up
Here’s a sobering stat from the National Endowment for Financial Education: 70% of people who suddenly receive a large amount of money go through it all in just a few years. This is the reality, whether funds come from the … Continue reading
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Understanding generational pain and how to ease it
Longer life expectancy as well as years of overspending and debt accumulation along with two decades of precarious financial markets, and lower-than-average income yields, are prompting Baby Boomers (age 73 to 55) to stay in the workforce longer than past … Continue reading
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Loose lending standards are the cancer not the cure
The Bank of Canada (BOC) last week flagged the fragile nature of highly indebted Canadian households and said 42% of households would struggle to refinance their mortgage if home prices fall 20%. While mortgage and real estate brokers are calling … Continue reading
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