Author: MoneyMaven

Insurance Image Source: 123rf.com If you’ve ever had to file an insurance claim, you know how stressful it can be. It’s doubly stressful if you’re also dealing with an emergency or unexpected event. That said, it’s worth taking the time to verify your insurance details before you have to make a claim. This will help…

Betterment 0.25%-0.50% Product Name: Betterment Product Description: Betterment is one of the oldest roboadvisors with reasonable fees, expert portfolios, and a cash management account with high yields. Summary Betterment is a robo advisor that offers ten premade portfolios. These portfolios will automatically rebalance making investing a truly hands-off experience. It costs $4 a month for…

Financial planning is the process of setting, planning, and managing finances. There are many essential types of financial planning to help you achieve your short-term and long-term goals. In order to organize your finances and be successful, it’s important to know about these five types of financial planning. 1. Tax Planning Does tax season stress…

“Despite interest rates decreasing, people are still concerned,” said Grant Bazian, president of insolvency firm MNP.  The survey, conducted by Ipsos, found fewer Canadians expect their debt situation to improve in the coming year while a growing number believe it will worsen. More than half say they don’t think they will be able to cover…

123rf A report from the CFPB (Consumer Financial Protection Board) reveals that nearly one in five U.S. adults receive financial assistance from friends or family, while up to one in three provide support to others. Navigating requests to borrow money can be tricky. While it’s natural to want to help, lending money can sometimes strain…

MLK Day is a federal holiday that honors influential civil rights leader Martin Luther King Jr. Because it falls on a weekday this year (Monday, January 20), you may have errands that you need to run and financial matters to take care of. The beginning of the year is often a busy time for the…

Consumer Beware Image Source: 123rf.com Banning single-use plastics is an idea that has been floated around in environmentally conscious circles for a while now. Recently, it has gained momentum. Many corporations and environmental groups are behind the idea. There is no doubt that reducing plastic pollution is critical, but the solution likely isn’t as simple…

Figuring out which is the best tax software for you comes down to a few factors. First, you’ll want to understand the complexity of your taxes. Simple taxes typically include W-2 income and the standard deduction, while complicated taxes usually include a small business. Then, there is everything in between, which includes things like rental…

Passive investing has absolutely revolutionized the investment landscape for individual investors. Not only has it dramatically lowered the costs of asset ownership, but it has done so while delivering strong returns. What began as a radical idea to buy the overall market without worrying about picking the winners now accounts for 57% of all equity…

Crypto ETFs hold actual crypto, so they’re a more direct way to gain exposure to crypto compared to shares in a public company engaged in crypto activities. Crypto ETFs are eligible for tax-advantaged accounts like the tax-free savings account (TFSA), registered retirement savings plan (RRSP) and first home savings account (FHSA). (More on crypto and…