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Who Should Contribute to a 529 Plan?

Continuing from my last article about saving for your kids’ college education, I’ve spent quite a bit of time reading, learning, and MATHING SHIT UP on this topic, and what I’ve discovered is that, as usual, while the Canadian college savings plan known as the RESP is relatively straightforward to understand and use, the American college savings plan known as the 529 is not. So today I thought I’d share my thoughts on how best to use a 529 plan to save for your kids’ college expenses. Should I Even Have One? The big question we have to ask for […]

Let’s Go Exploring! Iceland: Fire and Ice and Surprisingly Nice Part 2

In my last Iceland post, I talked about my first day in Iceland being just an appetizer of what this amazing country has to offer. Are you ready for the main course? Here we go. The Blue Lagoon Ethereal. Exclusive. Expensive Before coming to Iceland, I struggled with spending 8900ISKs or $85 USD each on what (I thought) was the biggest tourist trap of all. But this was The Blue Lagoon! How could we go to Iceland and skip the most well-known attraction of all? Dubbed as “the most impressive wonder of the world” by National Geographic and featured in […]

The Case Against FIRE

Ever since the New York Times featured the FIRE movement, our inbox has been flooding with requests from reporters all over the world, wanting to talk about FIRE. Needless to say, the flames have been fanned. The fire is spreading. And now the truth can’t be put out. But where there’s truth, there’s also hate. Because when it comes to going against the herd, an angry mob inevitably follows, torches and pitchforks in the air. Having dealt with haters for the past 3 years, none of this is new to me. I mostly view the hate now with a sense […]

Reader Case: Retiring Early With a Pension

It’s Friday, so you know what that means…another reader case! Hello Wanderer and Firecracker, I’ve always been a fairly frugal person, and my wife a little less so, but we always lived on less than we made and always disliked debt. I first saw the CBC article about you guys and thought, well… good for them. We could probably do that, but… hey, look something new and shiny in the news. I didn’t look further into that. What got me interested was the follow-up article that talked about the rash of comments from the first article. That piqued my interest […]

Investing For Your Kid’s College Education: The Rule of 5

We write a lot here on this blog about retirement, but one area I haven’t covered at all up to now is saving for your kid’s university education (or college, as you Yanks like to call it). The reason for this is simple: we don’t have kids, so we never looked into it. But lately, we’ve decided to set up a university savings account for my nephew, and because this forced me to learn how all this stuff works, I figured now would be a good a time as any to start writing about it. How It Works So first […]

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