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The Canada Pension Plan – What You Should Know if You Need Debt Help in Vancouver

Wednesday, January 17, 2018

Unexpected debts arise, and being aware of your earnings after retirement can help you to plan for the future. The last thing you should do is leave everything to chance and hope the Canada Pension Plan (CPP) will take care of your needs entirely. However, many individuals approach their retirement years with this sort of strategy in mind. While changes to the plan have served numerous Canadians well, the benefits you receive later may not be enough to pay off your financial debts. Your best option is to resolve your accounts with creditors as soon as possible, so you are not left filing for bankruptcy in Vancouver as a senior. 

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Planning for Student Loan Debt

Monday, November 27, 2017

Student loan debt is becoming a bigger and bigger problem for residents in Vancouver and across the entire country. Many people are spending more time in school to get the training they need for their careers. These educational opportunities are abundant, but they often also cost a lot of money. To help you navigate these concerns, there are a few things you should know about handling student debt. 

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Avoid These 6 Common Money Myths

Monday, November 27, 2017

We at Abakhan & Associates know that debt and financial management can be complicated issues. Between complex budgeting and soaring Vancouver housing prices and taxes, it can be disturbingly easy to slip into financial trouble. Here are six common money myths to avoid: 

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Should You Rent or Buy a Home When You Start Working Full-Time?

Tuesday, November 14, 2017

You have made it through the grueling task of finishing college or university. Now that you have your degree, you’ve finally found a job that put you on salary or a decent hourly wage, and you are working full-time. Now the only question remaining is whether you should rent or buy a home? 

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How to Get the Most Out of Home Ownership in BC

Friday, November 03, 2017

Owning a home can be a symbol of financial security, but it can also be a financial trap for those ill-prepared for the task. Your home, after all, is the largest asset you will ever have. If you purchase it right, and be careful when it comes to debt, you could maximize how that investment works for you. 

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How to start saving for retirement

Wednesday, September 13, 2017

Most Canadians start thinking about their retirement early, but not necessarily about how they can afford it. When it comes to saving money, arguably the most important factor is premeditation. Consciously putting aside a percentage of your pay cheque or another specific amount each month is an excellent way to start growing your retirement fund—ideally, your actual RRSP. Saving tends to go hand in hand with budgeting because placing limitations on your everyday spending will certainly increase your likelihood of having leftover finances to tuck away for the future. 

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How to cover the costs for your education

Thursday, August 31, 2017

Education is crucial to most Canadians’ success, but unfortunately, not everyone can manage the inevitable expense that comes with it. Some individuals may qualify for financial aid if they are unable to cover their tuition, but there are specific factors involved. Normally, being eligible requires a minimum grade average that demonstrates being a quality student. Building up an RESP or obtaining student loans are additional options to help fund your education. 

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