Why isn’t financial literacy taught in school?
If there’s one positive by-product of the 2008 financial crisis, it’s the heightened sense that Canadians need to take personal responsibility for their financial future.
And experts agree: Financial literacy is a critical tool — an essential life skill — that Canadian youth need to learn. But it’s a skill that is often learned too late. Canada’s student debt level has reached a staggering $15 billion, according to the Canadian Federation of Students, with the average student graduating with a debt load of $27,747, according to TD Canada Trust.
And while Canucks are taking their finances more seriously, consumer debt in this county has hit an eight-year high. And for those who have been diligent savers, longevity risk has complicated retirement plans, leading experts to call for annuity reform in the face of record-high levels of bankruptcy among seniors. Continue reading HERE.
Annuity reform needed as Boomers retire: study
Perhaps building up a comfortable retirement has always been a tricky balancing act. But as the Baby Boomer generation inches towards the so-called golden years, determining how much cash one needs to live on in the short-term and how to make savings last for an unknown period of time, is fuelling the need for an effective annuity market with a diverse product range.
According to a newly released report by the C.D. Howe Institute, retiring baby boomers are driving a shift from retirement-fund accumulation to decumulation [sic]. Continue reading HERE.
Mortgage debt: kill it or keep it?
With recent changes to Canadian mortgage rules and ultra-low interest rates continuing for the foreseeable future, the temptation to pay less on one’s mortgage and invest more elsewhere must be powerful to say the least.
But it’s always wise to look before you leap. Ask yourself, what are the pros and cons of paying down mortgage debt quickly versus taking a slower approach and using the excess cash for other investments?
Bob Stammers, director of investor education at the CFA Institute in New York City, says the question facing mortgage holders is the same one facing investors: How to bridge your need for return against your need for security? Continue reading HERE.
Food price hikes: what items will be expensive in 2013
To the consternation of just about everyone, global food prices are steadily rising due to a myriad of factors including a U.S. drought that’s reportedly becoming one of the worst in American history, comparable to the devastating Dust Bowl of the 1930s.
For Canadians, that means we can expect to start paying higher prices for food in the coming months including some staple items many of us may take for granted. CIBC notes in a recently release report the impact of the drought has already hit corn and soybean yields and it’s also pushing wheat and barley prices higher (beer drinkers everywhere just got nervous). And a spike in food prices will have a ripple effect on other parts of the economy, that bank’s chief economist says. Continue reading HERE.
Virtualization Security Oft Misunderstood; Sourcefire Rolls Out Answers
In the rush to embrace virtualization, large enterprises may be finding virtual network security products in the data center to be lacking. But the bigger issue as it pertains to securing virtualized environments may be found in the simplicity of creating or removing virtual servers and organizations’ loose access control practices. Continue reading HERE.
The Importance Of Inbound QoS Grows
As SaaS, cloud computing, collaboration tools and other technologies continue to take root in the enterprise, so has the need for IT administrators to take control of the network’s inbound quality-of-service (QoS) capabilities. Continue reading HERE.