Saturday, February 23, 2013

When and where to contribute and how much.

2251 days to retirement, or thereabouts....

The chickens come home to roost at Christmas time.  That's when the annual performance bonus arrives and you either panic over how small it is, or over how big the bills are.

In either case, you may ahve to make adjustments. 

I've just had to suspend my additional voluntary contribution to the emoployee share program to make sure that the bills get paid.

Tax time is coming up and it's also time to pick up the tx prep package that I use: TurboTax (no connection other than being a satisfied customer)
The usual suggestions always apply ... get all your forms in hand before you start, ensuring that you've collected them during the year.

Medical expenses, charitable donations, retirement savings (RRSP, TFSA, etc.).

Best thing is to contribute regularly and to challenge yourself that you have the knowledge to understand what you're investing in.