Hi, I will be retiring in August and are paying into a teacher pension as well as a private one. I get tax relief at the higher tax rate for my private pension. Can I get tax relief if I pay in some additional funds? Is there a limit as to how much this can be? Thanks in advance!

Do you know how much you need for retirement? A financial independence number (FIN) is the total amount of money someone needs to live the exact life they are currently living in retirement without working. You can get that number by doing a financial needs analysis (FNA) which is just a breakdown of your finances/expenses etc. I follow multiple pages on skool to continuously learn so I can better prepare myself, friends, family, etc on our financial journey. One deficiency I have noticed, is that people have not heard of this even with having a financial advisor. I just want to put this out there so people can start asking these questions! From my experience, once I found out what mine was, it brought me relief. Because it allowed me to set goals, budget, and spend wisely because I had the end goal in sight.

I have an $18,000 loan at 0% interest till December. I already have the money to pay off the loan but thinking about putting the money in a brokerage account all FXAIX then pay it off. Thoughts? Pushback?

Hi everyone. I have received a 400K settlement. I would love some ideas on how best to invest and reduce taxes. I currently have two investmentproperties with mortgages. And one principal residence with mortgage. I have 100 grand in room in both mine and my husband's tfsa's. What should we put in the tfsa's? Also for the other 200k where should I put it so that it would be best sheltered by taxes. I have a pension so I don't think an rsp is best. My husband could do an rrsp. What mix portfolio? I'd like to do a higher risk. I'd like to retire by 55 which is in about 13 years. Index VFV XIU XQQ Dividend growth... thoughts? TSX:GSY TSX:IMO TSX:POW TSX:BEP.UN (TSX:VDY) TSX:XEI (TSX:CDZ)