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Carrick Best Reads

Rob Carrick pulls together the best personal finance ideas of the week

Entry archive:

Carrick best reads: He’s retired, she’s not. Here comes trouble

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

He’s retired, she’s not. Here comes trouble
Men are more prone to depression if they retire before their wives, according to this university study.

This article talks about the importance of planning ahead for retirement in terms of your personal relationships. There’s an example here of a hard-driving businessman who ended up estranged from his daughter.

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Carrick best reads: Luxury toilet paper is an actual thing

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Luxury toilet paper is an actual thing
Quilted, lotioned, perfumed or ultra-soft, luxury toilet paper’s a hit. Americans spent about $1.4-billion (U.S.) on it last year, demonstrating how easily people can be convinced to spend more on basic household products.

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Carrick best reads: Why we hate balanced funds, and you should too

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Why we hate balanced funds, and you should too
An independent investment research offers a scathing critique of balanced mutual funds, a very popular category that now accounts for about half of all fund assets.

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Carrick best reads: Income splitting is socialism for the wealthy

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick

Income splitting is socialism for the wealthy
A former speechwriter for Prime Minister Stephen Harper says here that family income splitting “looks like we're favouring the wealthy, paying lip service to the middle class, and thumbing our noses at the poor.”

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Carrick best reads: Canada’s housing market is like Wile E. Coyote

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Canada’s housing market is like Wile E. Coyote
Yale University lecturer Vikram Mansharamani writes here about Canada’s “schizophrenic oscillation between housing exuberance and oil-price despair.” He likens housing to Wile E. Coyote running off a cliff with his feet still moving. “He’s suspended in air, and it’s only a matter of time until gravity exerts its force.”

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Carrick best reads: How to stop buying junk you don’t need

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

How to stop buying junk you don’t need
Useful info on mastering your urge to spend.

I turned the junk in my house into $1,885
A U.K. blogger produces a list of items from around the house that were sold on eBay for £1,000, or $1,885 in Canadian dollars.

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Carrick best reads: The cost of weddings has gone crazy

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The cost of weddings has gone crazy
Recent news reports tell us the average cost of a wedding in the United States last year hit $31,213. In Canada, the latest tally estimates a cost of $31,685.

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Carrick best reads: Avoid these three costly pension mistakes

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Avoid these three costly pension mistakes
A guy who worked as a pension analyst for five years blogs about the mistakes he’s seen people make.

A lifetime’s worth of financial advice
This is different – a look at the right financial moves to make through each decade of your life, through to your 70s.

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Carrick best reads: Baby boomers have a retirement problem – their kids

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Baby boomers have a retirement problem – their kids
A narrative is emerging that boomer parents are spending too much money on their adult children, thereby endangering their retirement. My question: What’s wrong with the economy that young people need all this help from parents?

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Carrick best reads: Check your retirement blind spot – taxes

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Check your retirement blind spot – taxes
Savings, investments and retirement plans are all taxed differently. Being unfamiliar with the nuances can cost you thousands, this blog post says.

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Carrick best reads: Priceless lessons I learned from rich people

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Priceless lessons I learned from rich people
A guy who worked at a high net worth investment firm for a few years shares the financial lessons he learned from his firm’s clients.

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Carrick best reads: Boomers drooling over inheritances to come

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Boomers drooling over inheritances to come
Maclean’s reports on the huge amount of money that is expected to be inherited by baby boomers from their parents. With debts and high lifestyle expectations, some boomers are getting antsy.

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Carrick best reads: The world’s best dividend portfolio

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The world’s best dividend portfolio
The Dividend Growth Investor blog offers a list of foundational stocks for building a investment portfolio offering the potential for consistent dividend growth over the years and decades ahead.

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Carrick best reads: How to get a better deal on your mortgage

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

How to get a better deal on your mortgage
Wait until renewal time and make your lender compete with others. Here’s a game plan.

This peer-pressured party boy owes $30,000
A blogger shares a note sent by a university student who is asking for help in getting his life and finances back on track. He borrowed to attend school, then racked up debts with his party lifestyle.

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Carrick best reads: These cars hold their value best

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

These cars hold their value best
Japanese and German brands dominate this list.

My frugal friend is bumming me out
MarketWatch’s Moneyologist blogger offers his thoughts to a reader who complains that her friend insists on sitting in the cheap seats when they go to an event.

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Carrick best reads: Is it time to scrap the seniors’ discount?

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

It’s time to scrap the seniors’ discount
A new report says seniors aren’t poor like they were in the 1960s and 1970s, and that means there’s no economic case for municipalities to offer them discounts on bus fares, fitness classes and even property taxes.

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Carrick best reads: This is Gen Y’s answer to expensive housing

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

This is Gen Y’s answer to expensive housing
Young adults are renting in the downtown core in some cities, leading to a process called youthification.

Ten money mistakes to avoid in your 20s
This is a U.S. list, so IRAs are mentioned instead of RRSPs. But there are some very good points here, including buying too much car and going into debt for a wedding.

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Carrick best reads: Eight things about the new family tax credit

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Eight things to know about the new family tax credit
A look at how this tax measure, announced last October, might affect your family.

Unleashing the dogs of the TSX
A look at a strategy of buying beaten down stocks, or those with the highest dividend yields. As a stock’s price falls, the yield rises.

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Carrick best reads: How to ratchet down risk in your retirement savings

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

How to ratchet down risk in your retirement savings
An extremely smart piece that argues for reducing the stock market risk in your retirement portfolio before a bear market slashes its value.

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Carrick best reads: I dare you not to touch your tax refund

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

I dare you not to touch your tax refund
A retirement blog for young adults challenges readers to save their tax refund instead of spending it.

McMansion wars come to Toronto
Neighbours fighting neighbours in the wealthy neighbourhood of Forest Hills over houses being torn down and rebuilt as McMansions.

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Carrick best reads: Retirement is a bankrupt industrial age idea

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Retirement is a bankrupt industrial age idea
There’s evidence that working past 65 keeps you happy and promotes longevity.

Canadians are in debt denial
This infographic suggests Canadians tend to overstate how responsible they are as borrowers.

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Carrick best reads: The stock market is no place for millennials

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The stock market is no place for millennials
An interesting take on what young adults should do with any money they have for investing. Spend it on self-improvement like training and leadership programs rather than putting it in the stock market.

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Carrick best reads: More people are cashing in their RRSPs early

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

More people are cashing in their RRSPs early
The number of people withdrawing money from registered retirement savings plans before retirement is on the rise, this Global News report says.

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Carrick best reads: What you need to know about CPP and OAS

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

What you need to know about CPP and OAS
A good rundown on how much retirement income you can expect to make from the Canada Pension Plan and Old Age Security if you take these benefits early, on time or you defer them.

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Carrick best reads: The top travel reward credit cards

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

These are the top travel reward credit cards
The GreedyRates.ca website picks top travel reward cards for 2015 in five different categories.

She’s 26 and still on her parents’ cellphone plan
A millennial writes here in defence of having her parents cover the cost of her cellphone.

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Carrick best reads: Eleven signs you might be broke

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Eleven signs you might be broke
Indicators that you’re in financial trouble.

For a happy retirement, have more sex
Sure, financial planning will help you live well after you retire. But there appears to be a relationship between happiness in retirement and frequency of sex, even after adjusting for health and finances.

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Carrick best reads: Renting? Here are Canada's cheap and expensive cities

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Renting? Here are the cheap and expensive cities
Montreal emerges as the screaming bargain in this infographic comparing rents in several Canadian communities.

Why married people need a secret slush fund
The author of a book called Divorce: Think Financially, Not Emotionally thinks that having separate bank accounts makes sense.

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Carrick best reads: Is it ever a good idea to raid your RRSP?

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Is it ever a good idea to raid your RRSP?
This blog post says there are a few cases where it could make sense, but generally no.

How to live a happier financial life
Sensible, insightful parting words from the Wall Street Journal’s Jonathan Clements in his final Sunday column (he’ll still be writing for the Saturday WSJ).

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Carrick best reads: When taking a pay cut makes sense

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

When taking a pay cut makes sense
A blogger who has twice taken jobs with lower pay lists five cases where this type of move can work out well.

The frugalunatic’s guide to extreme saving
This list includes cutting your own hair, sleeping in airports instead of getting a hotel, swiping free condiments from restaurants and more.

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Carrick best reads: It’s OK to cheap out on these seven things

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

It’s OK to cheap out on these seven things
Groceries near the due date, dishes, children’s clothes and more.

The lowdown on low interest rates
Here’s some good perspective on low interest rates – they’ve been falling for 30 years and not just since the global financial crisis. The question is when do rates bounce off the bottom?

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Carrick best reads: Seven great U.S. cities for frugal foodies

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Seven great U.S. cities for frugal foodies
U.S. cities where your bucks go a long way in buying good food.

The kind of gross topic you must discuss before marrying
It’s money, which can be an awkward topic for people who are dating. In fact, a financial planner says money issues are a top source of tension in relationships.

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Carrick best reads: The sexiest financial habit is a bit of a shocker

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The sexiest financial habit is a bit of a shocker
According to a survey reported by Time’s Money website, it’s a strong commitment to budgeting. Now, doesn’t that make your Valentine’s Day gift shopping easier.

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Carrick best reads: Other people’s reno blunders

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Other people’s reno blunders
This will put a smile on your face – a photo gallery of hapless home reno jobs

Retirees feeling frisky, but also lonely
This list is billed as 10 things retirees won’t tell you. It’s a U.S.-focused article, so the perspective in some cases is different than it would be in Canada. But a lot of the issues apply to seniors anywhere.

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Carrick best reads: Maybe you just think you want to retire

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Maybe you just think you want to retire
Personal finance writer Jonathan Chevreau wonders if people of retirement age would do better with a mini-retirement or a sabbatical before getting back to work in one form or another.

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Carrick best reads: He made his 12 kids pay for college themselves

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

He made his 12 kids pay for college themselves
A dad writes about his tough but fair approach to raising his kids.

Teaching kids about money – we’re doing it wrong
Focus on teaching math and not on money, this Wall Street Journal article says.

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Carrick best reads: Why your tolerance for tipping may be slipping

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Why your tolerance for tipping may be slipping
The New York Times on the increasing pressure people face to pay big tips not only at restaurants, but also stores and cafes. We’re talking here about those buttons with default tips of 20 or 25 per cent and more.

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Carrick best reads: Gen Y on car ownership – we’ll pass

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Gen Y on car ownership – we’ll pass
Spirits were running high at the recent Detroit car show as a result of surging new car and truck sales. What people weren’t talking about, Maclean’s reports, is how Gen Y isn’t much interested in cars.

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Carrick best reads: Why you should buy a house near a Starbucks

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Why you should buy a house near a Starbucks
U.S. data shows houses located near a Starbucks outlet have appreciated more in value than those that are not.

Where millennials live like kings
It’s Buffalo, N.Y., where one young couple just bought a three bedroom house for $16,000 (U.S.). That’s part of the reason why the number of college grads living there has jumped by more than in Los Angeles, New York, and Chicago.

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Carrick best reads: Check out this house porn

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Check out this house porn
It’s all very tasteful – a tour of early 20th century architectural styles in Toronto. I assume other cities have similar styles.

Location, location, location
You won’t find much content in this blog that originates from financial companies – their prime directive is to sell product, not make you savvier about money. However, this interactive tool from Royal Bank of Canada and a thinktank called the Pembina Institute is pretty cool. It uses the Toronto market to show how transportation costs should figure in your choice of where to live in a city.

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Carrick best reads: Need a house? Rent a mansion (with friends)

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Need a house? Rent a mansion
Read here about how a group of people in Vancouver solved their housing problem by renting a mansion. Split many ways, the average rent in this $5-million home comes to $750 per month.

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Carrick best reads: Imaginary girlfriends, just $25

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Imaginary girlfriends, just $25
Check out Invisible Girlfriend  - pay $25 and get text messages and photos that will make it look like you have a real girlfriend or boyfriend.

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Carrick best reads: Is renting really a $700,000 mistake?

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Renting – the $700,000 mistake
This story about the preference of U.S. millennials to rent rather than buy a home is presented to highlight the incomplete math that is often used to make a case for ownership. With today’s low rates, it’s said to be cheaper to buy in U.S. cities than rent, even with insurance and property taxes. Not mentioned are the upkeep, maintenance and improvement costs that owners must pay. I’ll be looking into the rent-ownership comparison in Canadian cities in an upcoming column.

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Carrick on money: Cruises are seriously gross

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Cruises are seriously gross
Stats here on the incidence of nasty gastro-intestinal disorders on cruise ships, as well as on shipboard fatalities.

Best ways to buy U.S. dollars and other foreign currencies
Top currency exchange options for travelers. Interesting to see ATMs and credit cards on this list.

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Carrick on money: Strange things happen to men in their 40s

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Strange things happen to men in their 40s
All about the things men buy when the passage of time starts to unnerve them.

His parents called him boring
This family is living a frugal lifestyle by having no TV or cable. Does that make them boring? The family members think so.

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Carrick on money: Thank you, emergency fund. You saved my cat

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Thank you, emergency fund. You saved my cat
A millennial blogger writes a thank you note to her emergency fund for covering a $2,000 emergency vet bill for her cat.

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Carrick on money: Mean girls in the retirement home

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Mean girls in the retirement home
A New York Times story about a 97-year-old woman who moved into an independent living facility and found it hard to break into the social cliques. High school revisited, in other words.

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Carrick on money: Why I’m happily renting and not owning

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Why I’m happily renting and not owning
A blogger offers a mix of practical and whimsical reasons why she and her partner are cool with renting for the next few years.

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Carrick on money: The Top 25 countries to retire in, 2015 edition

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The Top 25 countries to retire in, 2015 edition
Latin American countries rule on this list produced by Forbes.

Meet the personal finance rule-breaker
A personal finance blogger writes about how he paid for a new car instead of buying used, rented instead of bought a home, didn’t save 10 per cent and more. In this follow-up, he writes about four more rules he broke.

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Carrick on money: The number that shows Canadian homes are overvalued

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The number that shows Canadian homes are overvalued
Look to the relationship between income and prices, this article from a CBC business commentator says. The traditional relationship is for properties to be about three times income. In Vancouver, the ratio is now around 10; in Toronto, seven.

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Carrick on money: What a million bucks buys you in housing

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

What a million bucks buys you in housing
Million-dollar homes in Vancouver vs. 25 other U.S. and Canadian cities.

Individual investors not as klutzy as advertised
This blog post says a widely quoted study on the behavior of retail investors exaggerates their tendency to make mistakes.

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