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You can access money in your locked-in retirement account (LIRA) before the scheduled date of maturity. If you want to withdraw from your LIRA before you turn 65, here's what you need to know.

Just as astronomical telescopes allow us to glimpse the distant past, a “demographic telescope” allows us to peek into the distant future. What Canadian demographics are telling us is that only a small fraction of Canadians will retire with an adequate level of income in 50 years’ time.

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Planning ahead is hard when you're broke. But planning ahead may be the best way to stop being broke and start building a solid financial future. People who have a strategy tend to save more money and be financially healthier than those who don't, studies have found.

Puny income growth is a fixture in the Canadian economy, new census data show. Our economic reality is that prosperity comes not from a growing paycheque, but rather from the stuff you do with the pay you get. Three strategies to follow: Invest in your career; Invest in your wealth; Make one significant cut in your household spending.

It’s time we formally expanded the list of parental financial obligations to include saving for a child’s postsecondary education. The cost of university or college, even for children who stay in town, is too expensive to be covered by typical part-time and summer jobs. Student loans can make up the difference, but heavy reliance on them can result in debt that delay financial independence after graduation.

According to the Stats Man, the average Canadian will spend $420 a month on food in 2017. This is one of the biggest categories in most families' budgets. And it's one that can jump even higher if you don't watch your spending carefully. Some choices seem obvious; others, not so much.

You fell in love, dated and decided to get married. Congratulations! Now comes the fun of planning the wedding, as well as all the potential stressors and exorbitant costs that can accompany the magical day. But couples on a budget, take heart - the most romantic day of your life doesn't also have to be the most expensive.

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