Ed Rempel Unpacks the Smith Manoeuvre – How It May Help Risk-Tolerant Investors

According to recent census data, almost two-thirds of Canadians are saving for retirement and are busy contributing to registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs). 65.2 percent of households are engaged in saving for retirement, which is a robust figure when compared with the national household savings rate that recently fell to 4.6 percent. [Read more…]

How to Go Back to Work After Retirement

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There are a lot of different reasons people may decide to go back to work after retirement. It could be because they didn’t save enough. Or it could be that their financial situation changed. Perhaps it’s due to sheer boredom.

No matter what the reason, though, many people do find they must return to the workforce even though they have already retired. If you are one of them, here is how to go back to work after retirement.

1. Accept It

If you retired but need to go back to work for whatever reason, you may be feeling robbed. You may have thought you would be able to relax and enjoy life now that you are getting older but find you must go back to the grind of employment instead.

Older workers who re-enter the workforce can feel depressed, frustrated, angry and, as if that is not enough already, discriminated against due to their age.

But accepting what must be and looking at it from a positive angle helps. For instance, consider entering a line of work you always wanted to do but never pursued in the past. Don’t just look for a job, but a career that you are passionate about and will make you happy.

2. Get Inspired

Being a retired worker can leave you feeling insignificant and unmotivated. However, you should keep in mind that going back to work now that you are older allows you to keep your mind and skills sharp and your body active.

To combat feelings of being unappreciated, look for a meaningful job that allows you to contribute in a way that makes you feel good about coming out of retirement. Look for work that plays to your strengths or helps you feel inspired about getting up and going to a job each day.

Changing how you feel about going back to work allows you to be open to what could be a new and exciting career.

3. Update Your Image

These days, just updating your resume is not enough when you go back to work after retirement. You must also keep your skills up to date, create an online presence and maybe even a personal brand.

To do this you should polish your resume which may mean having an expert rework it to make it more modern. Furthermore, you could utilize a professional networking site to help you connect with other business people and expand your options.

Your personal image is also important. Dress modern and in current styles. Get physically fit and take care of your appearance. All of these things can help you appear more desirable to potential employers.

4. Begin Your Job Search

Did you know that older workers are often actually more productive than younger ones? Although some employers do tend to hire younger workers, this is not the case will all of them. There are some vocations where having more experience is helpful and employers will appreciate your knowledge, age, and skill set.

Other areas you may excel in and should showcase to potential employers are leadership skills, management, organization, writing skills, and problem-solving. Believe it or not, it can actually be an asset for you to understand both old and new technology when you are an older worker in a tech job.

As an older worker, you must sell these strengths and abilities when you are applying and interviewing for a potential job. Your talent and experience may just land you the job of your dreams as you go back to work after retirement.

5. Consider Your Options

Figuring out where you fit in as you consider re-employment is not always easy. But with age comes the experience and wisdom some employers may find desirable.

Customer service, retail, and elder care are a couple of areas where being an older worker can be an asset. A few other choices include working for a non-profit organization, substitute teaching, becoming a consultant, or running a rental business of your own.

If you are great at multitasking and handling interruptions, a busy medical office or other fast-paced occupation might be a good fit for you.

Depending on your skills and interests, there are lots of different jobs you could do well at as an older worker going back to work after retirement.

It is possible to go back to work after retirement and be happy and productive as well. Use some of these tips to help you re-enter the workforce and enjoy this stage in life to its fullest.

Have you left the workforce to retire and found the need to go back to work?

Jeanne is a married mother of 2 grown children who works a full-time job, has two side hustles, and also helps out occasionally on the farm she and her husband own together. Her background is finance and medical office management, and she hopes to help others improve their finances and change their futures.

What Action Should You Take If You Have Been Injured In An Accident

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Whether the accident occurred while you were at work or while you were driving down the road, doing everything you are supposed to do, you need to take certain steps. This way, you will help build your case instead of potentially harming it. Not sure what you should be doing? Take a look at the following information for some insight.

Retain An Attorney

One of the very first things you are going to want to do is to make sure that you are getting in touch with an attorney. The sooner you do this the better, as you just never know how long it will take to settle your case once the attorney starts to work on it. Of course, you will want to make sure that you are not just settling for any attorney that is nearby. You want a skilled attorney that has a lot of experience with personal injury cases in order to ensure that you are going to get the best result possible.

Therefore, you should find lawyer adhere to you for several benefits. For example, If you have a legal issue and need Denver, CO bail bonds then try to figure out a legal firm or expert have vast experience near to you.

Watch For People Watching You

It is a matter of fact that insurance companies like to hire private investigators to spy on the plaintiff in a personal injury case. They hope to catch the plaintiff doing something that they shouldn’t be doing and then using that in court to have the case dismissed. Do not make the mistake of believing that this is not something that you are going to have to worry about, especially because of how a picture can tell a thousand words, even if they make up a false story. For example, if you are still able to take the garbage can to the curb because it is light and it is on wheels, you still don’t want to do it. Why? Because someone could take a picture of you at an angle that makes it look like you are dealing with something much heavier than it really is and the story could be used to make it appear as though you really are not hurt. You could then lose your case. Therefore, you will simply want to make sure that you are taking it extra easy, so no one could misconstrue what you are going through and what your abilities are, or are not, during this time.

Keep Up With All Of Your Appointments

Even if you are starting to feel a little better or even if you are feeling a little depressed, you cannot make the mistake of failing to show up for any of your doctor’s appointments. Even though your injuries may still be legit, the defense could try to say that you must have been lying about your injuries or that at the very least, they are not as severe as you are making them out to be. They will use evidence that you have not made it to all of your doctor’s appointments as their reasoning for this belief. Even if you feel as though there are times that you are justified in rescheduling your appointment, you don’t want to do it. You will want to go to every single one, even to the specialists you were referred to just as a precautionary measure. With all of those appointments completed, you will be able to access your medical records to show the seriousness of your injuries.

Along with all of those suggestions, you will want to make sure that you are taking the time to ask your attorney if there is anything else that you should be doing in order to better the chances of winning your personal injury case. Even if you don’t personally understand or agree with the advice given, remember that you attorney is the one with the legal experience and you hired him or her for that expertise.

What First Time Homebuyers Need to Know

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The mortgage process seems like a daunting task to many first-time homebuyers.

But it doesn’t need to be.

There are a few loan programs tailored towards first-time buyers making it easier to qualify for a mortgage.

In this article we’re going to go over the different types of mortgage programs for first-time homebuyers.

Loans for First-Time Buyers

FHA Loans

Many years ago you used to need a huge down payment, an excellent career, and great credit to qualify for a mortgage. However, the Federal Housing Administration changed all that with the introduction of the FHA loan. With an FHA loan you can qualify for a home loan with just a 580 credit score and a 3.5 percent down payment.

Because these loans are easier to qualify for than conventional loans they are very popular with first-time buyers. Finding FHA lenders is not hard to do, many lenders offer these mortgages. It’s important to get pre-approved for a mortgage loan before you start house-hunting. A pre-approval is quick and easy, it requires a credit check and your tax returns, pay-stubs, and bank statements to verify income and assets.

Advantages of FHA Loans

  • Low 580 minimum credit score required
  • 5% down payment
  • Low mortgage rates
  • Gift funds can be used for down payment
  • FHA streamline refinance eligible

Cons to FHA Loans

  • Lower loan limits than conventional loans
  • Required mortgage insurance regardless of LTV ratio
  • 75% upfront MIP

USDA Loans

The US Department of Agriculture started offering home loans to low to middle income familes in rural areas of the county. These loans have many great benefits such as 100% financing and a low mortgage insurance rate.

Mortgage insurance is required for all home loans except VA loans. FHA and conventional loans have a PMI rate of 0.50%-0.85% annual. USDA loans annual mortgage insurance rate is just 0.35% which can save homeowners over a thousands dollars per year.

In order to qualify you’ll need at least a 640 credit score and a household income that doesn’t exceed 115% of the median income in your city/county. You also need to be located in a USDA eligible location. Over 97% of the country is USDA eligible, if you’re a first time buyer a USDA loan can be a perfect fit.

VA Loans

If you happen to be a Veteran then you may already know about VA loans. A VA home loan is one of the best benefits for military personal and their spouses. Like USDA loans, VA loans offer 100% financing so you need no money down. VA loans are also the only type of mortgage loan that doesn’t require mortgage insurance. Even if you don’t put any money down you still don’t need insurance which can save you thousands. Tax relief for veterans also covers property tax help to further encourage veterans to become homeowners.

VA loans are also the only type of mortgage loan that doesn’t require mortgage insurance. Even if you don’t put any money down you still don’t need insurance which can save you thousands.

203k Loans

For first-time buyers looking to buy a home that needs a little TLC there are 203k loans. These loans are a type of rehab loan where you can borrow money to but a fixer-upper plus get up to $35,000 in additional cash to make repairs or renovations.

In order to qualify for a 203k loan you need to have fairly descent credit because lenders are loaning more money than the property is worth. Typically you will need a 640 or higher score to qualify for 203k loans. All the other guidelines are the same as FHA loans and they require a 3.5% down payment.

Conventional Loans

If you have 20% down or are needing a loan amount that exceeds the FHA loan limit you can get a conventional mortgage. Conventional loans are available up to $424,100 in most low cost areas. If you have 20% to use as a down payment you won’t need to carry mortgage insurance. Even if you don’t have 20% down, PMI will be removed from your mortgage once the lTV value reaches 78%.

First-Time Home Buyer Programs

As a first-time homebuyer you have access to many types of home buyer programs and down payment assistance programs. HUD has available state programs listed on their website. To find local programs you can search your county or city website.