The Money Blog

When it's time to begin withdrawing money form your RRSP in retirement, you'll need to convert it to a RRIF — a Registered Retirement Income Fund. At Parallel Wealth, we’ve seen many Canadians fall in...

Retirement is a time of life many people eagerly anticipate and is often characterized by a host of financial decisions that can significantly impact one's quality of life. However, these decisions ar...

Repeat or Evolve? Are you going to repeat what you are doing or evolve to put yourself in a better position?

The four areas that you need to look at, that have the most impact on your financial fu...

For many individuals, their homes represent the largest asset they own, holding significant potential to enhance their retirement years.

By leveraging the value of your home, you can tap into variou...

If you are looking at retiring soon, it is important to ask yourself some pertinent questions to ensure you are in a good position to do so. Have conversations with your spouse and loved ones to flesh...

Are you nearing retirement and unsure whether to fully or partially retire?

Let's break down how partial retirement income works and how you can draw down some of your retirement funds while also wor...