Insurance Archives - 台湾SWAG /blog/category/insurance/ Free personal financial plan Thu, 16 Jan 2020 19:50:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 /wp-content/uploads/2018/06/favicon.png Insurance Archives - 台湾SWAG /blog/category/insurance/ 32 32 10 types of insurance (and 3 we recommend) /blog/10-types-of-insurance/ /blog/10-types-of-insurance/#respond Thu, 08 Aug 2019 14:27:35 +0000 http://planswelldev.wpengine.com/?p=11720 When you boil it down, insurance is really just the science of managing risk. Here are 10 common types of insurance, including 3 that we regularly recommend.

The post 10 types of insurance (and 3 we recommend) appeared first on 台湾SWAG.

]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

The post 10 types of insurance (and 3 we recommend) appeared first on 台湾SWAG.

]]> /blog/10-types-of-insurance/feed/ 0 Common Canadian home & auto insurance myths /blog/common-canadian-home-and-auto-insurance-myths/ /blog/common-canadian-home-and-auto-insurance-myths/#respond Thu, 25 Apr 2019 06:06:58 +0000 http://planswelldev.wpengine.com/?p=10878 Commonly held myths about finances can cost you hundreds, if not thousands of dollars every year. Which of these common myths have you been believing for years?

The post Common Canadian home & auto insurance myths appeared first on 台湾SWAG.

]]> The post Common Canadian home & auto insurance myths appeared first on 台湾SWAG.

]]> /blog/common-canadian-home-and-auto-insurance-myths/feed/ 0 What you need to know about critical illness insurance /blog/what-you-need-to-know-about-critical-illness-insurance/ /blog/what-you-need-to-know-about-critical-illness-insurance/#respond Fri, 21 Dec 2018 06:38:02 +0000 http://planswelldev.wpengine.com/?p=9297 What would happen if you got sick and your illness required expensive treatments or time away from work? Critical illness insurance is an inexpensive way to protect yourself.

The post What you need to know about critical illness insurance appeared first on 台湾SWAG.

]]> The post What you need to know about critical illness insurance appeared first on 台湾SWAG.

]]> /blog/what-you-need-to-know-about-critical-illness-insurance/feed/ 0 What you need to know about disability insurance /blog/what-you-need-to-know-about-disability-insurance/ /blog/what-you-need-to-know-about-disability-insurance/#respond Mon, 17 Dec 2018 06:30:47 +0000 http://planswelldev.wpengine.com/?p=9299 If you depend on your paycheque to pay the bills, you need something to fall back on if something unexpected happens. That鈥檚 why disability insurance is a basic building block of a good financial plan.

The post What you need to know about disability insurance appeared first on 台湾SWAG.

]]> The post What you need to know about disability insurance appeared first on 台湾SWAG.

]]> /blog/what-you-need-to-know-about-disability-insurance/feed/ 0 What you need to know about term life insurance /blog/what-you-need-to-know-about-term-life-insurance/ /blog/what-you-need-to-know-about-term-life-insurance/#respond Wed, 12 Dec 2018 20:26:11 +0000 http://planswelldev.wpengine.com/?p=9295 If you have people who depend on you financially, you need a safety net in case something goes wrong. That鈥檚 where term life insurance comes in.

The post What you need to know about term life insurance appeared first on 台湾SWAG.

]]> The post What you need to know about term life insurance appeared first on 台湾SWAG.

]]> /blog/what-you-need-to-know-about-term-life-insurance/feed/ 0 How to make the most of your group benefits /blog/how-to-make-the-most-of-your-group-benefits/ /blog/how-to-make-the-most-of-your-group-benefits/#respond Fri, 30 Nov 2018 06:00:06 +0000 http://planswelldev.wpengine.com/?p=9120 We鈥檒l break down 6 primary ways to make the most of your group benefits plan, without breaking the bank.

The post How to make the most of your group benefits appeared first on 台湾SWAG.

]]> The post How to make the most of your group benefits appeared first on 台湾SWAG.

]]> /blog/how-to-make-the-most-of-your-group-benefits/feed/ 0 How will the legalization of cannabis affect your workplace benefits? /blog/how-will-the-legalization-of-cannabis-affect-your-workplace-benefits/ /blog/how-will-the-legalization-of-cannabis-affect-your-workplace-benefits/#respond Tue, 06 Nov 2018 17:59:08 +0000 http://planswelldev.wpengine.com/?p=8874 Do you know which medical cannabis coverage options are currently available to Canadians? Find out here.

The post How will the legalization of cannabis affect your workplace benefits? appeared first on 台湾SWAG.

]]> The post How will the legalization of cannabis affect your workplace benefits? appeared first on 台湾SWAG.

]]> /blog/how-will-the-legalization-of-cannabis-affect-your-workplace-benefits/feed/ 0 Why shopping for insurance matters /blog/why-shopping-for-insurance-matters/ /blog/why-shopping-for-insurance-matters/#respond Tue, 09 Oct 2018 15:47:53 +0000 http://planswelldev.wpengine.com/?p=8144 Shopping for insurance can save you money and not knowing how you鈥檙e covered can cost you thousands.

The post Why shopping for insurance matters appeared first on 台湾SWAG.

]]> The post Why shopping for insurance matters appeared first on 台湾SWAG.

]]> /blog/why-shopping-for-insurance-matters/feed/ 0 How legal Cannabis use could impact your insurance /blog/how-legal-cannabis-use-could-impact-your-insurance/ /blog/how-legal-cannabis-use-could-impact-your-insurance/#respond Fri, 28 Sep 2018 08:00:02 +0000 http://planswelldev.wpengine.com/?p=7900 Questions about legal Cannabis use and how it could could impact your insurance? We break it down here.

The post How legal Cannabis use could impact your insurance appeared first on 台湾SWAG.

]]> The post How legal Cannabis use could impact your insurance appeared first on 台湾SWAG.

]]> /blog/how-legal-cannabis-use-could-impact-your-insurance/feed/ 0 3 ways for a small business owner to pay for medical expenses /blog/3-ways-for-a-small-business-owner-to-pay-for-medical-expenses/ /blog/3-ways-for-a-small-business-owner-to-pay-for-medical-expenses/#respond Fri, 07 Sep 2018 16:48:47 +0000 http://planswelldev.wpengine.com/?p=7527 Knowing your medical coverage options as a small business owner can be tough. Here's 3 ways that you can pay for medical expenses as a small business owner.

The post 3 ways for a small business owner to pay for medical expenses appeared first on 台湾SWAG.

]]> The post 3 ways for a small business owner to pay for medical expenses appeared first on 台湾SWAG.

]]> /blog/3-ways-for-a-small-business-owner-to-pay-for-medical-expenses/feed/ 0