Personal Finance for Canadians for Dummies (For Dummies) (4TH)

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Personal Finance for Canadians for Dummies (For Dummies) (4TH)

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  • 製本 Paperback:紙装版/ペーパーバック版/ページ数 456 p.
  • 言語 ENG
  • 商品コード 9780470837689
  • DDC分類 332.02400971

Table of Contents

Introduction                                       1  (1)
Why This Book? 1 (1)
What's New in This Edition 2 (1)
Uses for This Book 3 (1)
How This Book Is Organized 3 (2)
Part I: Assessing Your Financial 3 (1)
Fitness and Setting Goals
Part II: Saving More, Spending Less 4 (1)
Part III: Building Wealth through 4 (1)
Investing
Part IV: Insurance: Protecting What 4 (1)
You've Got
Part V: Where to Go for More Help 4 (1)
Part VI: The Part of Tens 5 (1)
Glossary 5 (1)
Icons Used in This Book 5 (2)
Part I: Assessing Your Financial Fitness and 7 (50)
Setting Goals
Improving Your Financial Fitness 9 (24)
Targeting the Trouble Spots 9 (8)
Talking money at home 11 (1)
Teaching personal finance in schools 12 (1)
Identifying unreliable sources of 13 (4)
information
Jumping over Real and Imaginary Hurdles 17 (3)
Discovering the real hurdles holding 17 (1)
you back
Practising good habits 18 (2)
Common Financial Problems: You've Got 20 (2)
Company
Defining Bad Debt and Good Debt 22 (1)
Knowing How Much Bad Debt Is Too Much 23 (2)
Determining Your Financial Net Worth 25 (3)
Financial assets 25 (1)
Financial liabilities 26 (1)
Your net worth calculation 26 (2)
Interpreting your net worth results 28 (1)
Savings Analysis 28 (2)
Measuring Your Investing Knowledge 30 (2)
Measuring Your Insurance Savvy 32 (1)
Setting and Achieving Goals 33 (24)
Creating Your Own Definition of ``Wealth'' 33 (4)
Considering what money can't buy 34 (1)
Managing the balancing act 35 (2)
Prioritizing Your Savings Goals 37 (3)
Knowing what's most important to you 37 (1)
Valuing retirement plans 38 (1)
Dealing with competing goals 39 (1)
Building Emergency Reserves 40 (1)
Saving to Buy a Home or Business 41 (1)
Funding Kids' Educational Expenses 41 (1)
Saving for Big Purchases 42 (1)
Preparing for Retirement 42 (15)
Figuring what you need for retirement 44 (1)
Understanding retirement building blocks 45 (1)
Counting on government benefits 46 (3)
Planning your personal 49 (1)
savings/investment strategy
Making the most of pensions 49 (1)
Retirement planning worksheet 50 (2)
Making up for lost time 52 (2)
Overcoming objections to retirement 54 (3)
plans
Part II: Saving More, Spending Less 57 (88)
Determining Where Your Money Goes 59 (14)
Examining the Roots of Overspending 59 (5)
Having access to credit 60 (1)
Using credit cards 60 (1)
Making minimum monthly payments 61 (1)
Taking out car loans 61 (1)
Bending to peer pressure 62 (1)
Spending to feel good 62 (1)
Becoming addicted to spending 62 (1)
Trying to keep current 63 (1)
Ignoring your financial goals when 63 (1)
buying
Wanting the best for your children 63 (1)
Analyzing Your Spending 64 (7)
Tracking your spending on paper 65 (4)
Tracking your spending on the computer 69 (2)
Growing Rich on Your Income: The Secret 71 (2)
Conquering Debt and Credit Problems 73 (18)
Using Savings to Reduce Your Debt 74 (1)
Understanding how you gain 74 (1)
Discovering money to pay down consumer 75 (1)
debts
Decreasing Debt When You Lack Savings 75 (4)
Transferring balances to 76 (1)
lower-interest-rate credit cards
Cutting up your credit cards 77 (1)
Discovering debit cards: The best of 78 (1)
both worlds
Filing Bankruptcy 79 (5)
Understanding bankruptcy's benefits 80 (1)
Coming to terms with bankruptcy 81 (2)
drawbacks
Seeking bankruptcy advice 83 (1)
An Alternative to Bankruptcy: The 84 (1)
Consumer Proposal
Ending the Spending-and-Debting Cycle 85 (2)
Resisting the credit temptation 85 (1)
Identifying and treating an addiction 86 (1)
Dealing with Credit Mistakes 87 (4)
Obtaining a copy of your credit report 88 (1)
Getting others to correct their mistakes 89 (1)
Telling your side of the story 89 (2)
Reducing Your Spending 91 (30)
Finding the Keys to Successful Spending 92 (7)
Living within your means 92 (1)
Looking for the best values 93 (4)
Eliminating the fat from your spending 97 (1)
Turning your back on consumer credit 98 (1)
Reducing Your Spending: Eric and Tony's 99 (22)
Strategies
Reducing food costs 100(2)
Saving on shelter 102(3)
Lowering your phone bills 105(1)
Cutting transportation costs 106(3)
Controlling clothing costs 109(1)
Cutting the cost of debt 110(2)
Indulging responsibly in fun and 112(2)
recreation
Tending to personal care 114(1)
Paring down professional expenses 115(1)
Managing medical expenses 115(1)
Keeping an eye on insurance premiums 116(1)
Trimming your taxes 117(1)
Eliminating costly addictions 118(3)
Taming Taxes 121(24)
Understanding the Taxes You Pay 121(3)
Recognizing the importance of your 122(1)
marginal tax rate
Defining taxable income 123(1)
Getting Organized 124(1)
Trimming Employment Income Taxes 125(1)
Contributing to RRSPs and retirement 125(1)
plans
Shifting some income 126(1)
Reducing Investment Income Taxes 126(2)
Fill up those retirement plans 127(1)
Select tax-friendly investments 127(1)
Make your profits long-term 128(1)
Increasing Your Deductions 128(3)
Child care expenses 128(1)
Alimony and maintenance payments 129(1)
Child support 129(1)
Annual union and professional fees 129(1)
Business losses 129(1)
Interest on investment loans 129(1)
Married versus common-law partners 130(1)
Moving expenses 130(1)
Increasing Your Credits 131(7)
Basic personal tax credit 132(1)
Spousal credit 132(1)
Wholly dependent person credit 132(1)
Charitable donations credit 132(1)
Tuition fees credit 133(1)
Medical expenses credit 133(1)
Disability credit 134(1)
Pension income credit 135(1)
Age 65 or older 136(1)
Self-employment expenses 136(2)
Getting Help from Tax Resources 138(3)
Assistance from the Canada Revenue 138(1)
Agency
Preparation and advice guides 139(1)
Software and Web sites 139(1)
Professional hired help 139(2)
Dealing with an Audit 141(4)
Getting your act together 142(1)
Surviving the day of reckoning 143(2)
Part III: Building Wealth through Investing 145(168)
Important Investment Concepts 147(28)
Establishing Your Goals 147(1)
Understanding the Major Investment 148(5)
Flavours
Looking at lending investments 148(1)
Exploring ownership investments 149(1)
Shunning gambling instruments and 150(2)
behaviours
Provincial governments pushing gambling? 152(1)
Understanding Investment Returns 153(1)
Sizing Investment Risks 154(3)
Comparing the risks of stocks and bonds 154(1)
Focusing on the risks you can control 155(1)
Discovering low-risk, high-return 156(1)
investments
Diversifying Your Investments 157(8)
Spreading it around: Asset allocation 159(1)
Allocating money for the long term 160(1)
Sticking with your allocations: Don't 161(1)
trade
Investing lump sums using dollar-cost 162(3)
averaging
Acknowledging Differences among 165(6)
Investment Firms
Focusing on the best firms 165(1)
Places to consider avoiding 166(5)
Experts Who Predict the Future 171(2)
Investment newsletters 171(1)
Investment gurus 172(1)
Leaving You with Some Final Advice 173(2)
Choosing Your Investment Vehicles 175(22)
Slow and Steady Investments 175(4)
Transaction/chequing accounts 176(1)
Savings and money market accounts 176(1)
Bonds 177(2)
Building Wealth with Ownership Vehicles 179(14)
Stocks 179(6)
Income trusts 185(1)
Generating wealth with real estate 186(5)
Investing in small businesses 191(2)
Off the Beaten Path: Investment Odds and 193(4)
Ends
Precious metals 193(1)
Annuities 194(1)
Collectibles 194(1)
Life insurance with a cash value 195(2)
Investing in Mutual Funds 197(20)
Understanding the Benefits of Mutual Funds 197(2)
Exploring Various Fund Types 199(8)
Money market funds 201(1)
Bond funds 202(1)
Stock funds 202(2)
Balancing bonds and stocks: Hybrid funds 204(1)
Canadian, U.S., international, and 204(1)
global funds
Index funds 205(1)
Specialty (sector) funds 206(1)
Selecting the Best Mutual Funds 207(6)
Reading prospectuses and annual reports 207(1)
Keeping costs low 208(3)
Evaluating historical performance 211(1)
Assessing fund manager and fund family 212(1)
reputations
Rating tax-friendliness 212(1)
Determining your needs and goals 213(1)
Deciphering Your Fund's Performance 213(3)
Interest and dividends 214(1)
Capital gains 215(1)
Share price changes 215(1)
Following and Selling Your Funds 216(1)
Registered Retirement Savings Plans 217(18)
How RRSPs Work 217(3)
The benefit of tax-deferred 218(1)
contributions
Tax-deferred compound growth 219(1)
Maximizing Your RRSP Savings 220(2)
Starting an RRSP early in life 220(1)
Increasing your returns 221(1)
Understanding the Contribution Rules 222(5)
Checking out the contribution limits 222(2)
Calculating your allowable contribution 224(2)
Withdrawing money from your RRSP 226(1)
Getting support from spousal RRSPs 226(1)
Getting to Know the Different Types of 227(1)
RRSPs
Guaranteed RRSPs 227(1)
Mutual fund RRSPs 228(1)
Self-directed and brokerage-house RRSPs 228(1)
Closing Down Your RRSP 228(7)
Wrapping up your RRSP: Your three 229(6)
options
Investing in Retirement Plans 235(14)
Allocating Your Money in Retirement Plans 235(9)
Understanding the difference between an 236(1)
RRSP and the investments inside your
RRSP
Prioritizing retirement contributions 236(1)
Allocating money when your employer 236(3)
selects the investment options
Allocating money in RRSPs 239(2)
Franklin Templeton Investments 241(1)
Phillips, Hager & North 242(1)
Self-directed or discount brokerage 242(1)
portfolios
Index funds and exchange-traded funds 243(1)
Discount brokers 244(1)
Inappropriate Retirement Plan Investments 244(2)
Annuities 244(1)
Limited partnerships 245(1)
Transferring Retirement Plans 246(3)
Transferring accounts you control 246(2)
Moving money from an employer's plan 248(1)
Investing Outside Retirement Plans 249(12)
Getting Started 249(2)
Paying off high-interest debt 250(1)
Taking advantage of tax breaks 250(1)
Understanding Taxes on Your Investments 251(1)
Fortifying Your Emergency Reserves 251(5)
Bank and credit union accounts 252(1)
High-interest savings accounts 252(2)
Money market mutual funds 254(2)
Investing Money for the Longer Term 256(5)
Defining your time horizons 256(1)
Allocating assets for the long haul 257(4)
Investing for Education Expenses 261(14)
Neglecting RRSPs: A Big Mistake 261(1)
How Will You Pay for Education Expenses? 262(2)
Estimating the cost of university or 263(1)
college
Setting realistic savings goals 263(1)
How to Save for Education Expenses 264(5)
Registered Education Savings Plans 265(2)
(RESPs)
In-trust accounts 267(2)
Loans, Grants, and Scholarships 269(3)
Government student loans program 269(2)
Canada Access Grants 271(1)
Tips for getting loans, grants, and 272(1)
scholarships
Investing Education Funds 272(3)
Good investments: No-load mutual funds 273(1)
and exchange-traded funds
Bad investments 273(1)
Overlooked investments 274(1)
Investing in Real Estate 275(38)
Deciding Whether to Buy or Continue 275(7)
Renting
Assessing your timeline 276(1)
Determining what you can afford to buy 276(1)
Calculating how much lenders will allow 277(2)
you to borrow
Comparing the cost of owning versus 279(2)
renting
Considering the long-term costs of 281(1)
renting
Financing Your Home 282(15)
Understanding the different types of 283(1)
mortgages
Understanding amortization --- How long 283(1)
you'll take to pay off your home loan
Understanding your mortgage term 284(2)
Open and closed mortgages 286(1)
Understanding fixed- and variable-rate 287(1)
mortgages
Shopping for mortgages 288(1)
Avoiding the down-payment blues 289(2)
The RRSP Home Buyers' Plan 291(3)
Cut your costs at renewal time 294(1)
Finding the best lender 294(2)
Increasing your approval chances 296(1)
Finding the Right Property and Location 297(3)
Condo, town house, co-op, or detached 298(1)
home?
Casting a broad net 298(1)
Finding out actual sale prices 299(1)
Researching the neighbourhood and area 299(1)
Working with Real Estate Agents 300(3)
Recognizing real estate agents' 300(1)
conflicts of interest
Looking for the right qualities in real 301(2)
estate agents
Putting Your Deal Together 303(2)
Negotiating 101 303(1)
Inspecting before you buy 304(1)
After You Buy 305(8)
Refinancing your mortgage 306(1)
Mortgage life insurance 307(1)
Is getting a reverse mortgage a good 308(1)
idea?
Selling your house 309(4)
Part IV: Insurance: Protecting What You've Got 313(50)
Insurance: Getting What You Need at the 315(16)
Best Price
Discovering Our Three Laws of Buying 315(10)
Insurance
Law I: Insure for the big stuff, not 316(4)
the small stuff
Law II: Buy broad coverage 320(2)
Law III: Shop around and consider 322(3)
buying direct
Dealing with Insurance Problems 325(6)
Knowing what to do if you're denied 325(1)
coverage
Getting your due on claims 326(5)
Insurance on You: Life, Disability, and 331(18)
Health
Providing for Your Loved Ones: Life 332(9)
Insurance
Determining how much life insurance to 332(1)
buy
Looking at the Canada Pension Plan's 333(1)
survivor benefits
Comparing term life insurance to cash 334(3)
value life insurance
Making your decision 337(1)
Buying term insurance 338(2)
Getting rid of cash value life insurance 340(1)
Considering the purchase of cash value 340(1)
life insurance
Preparing for the Unpredictable: 341(4)
Disability Insurance
Determining how much disability 342(1)
insurance you need
Identifying other features you need in 343(1)
disability insurance
Deciding where to buy disability 344(1)
insurance
Getting Care for the Road: Travel Medical 345(1)
Insurance
Buying travel medical insurance 346(1)
Looking at Long-Term Care Insurance 346(1)
Discovering the Most Overlooked Form of 347(2)
Insurance
Covering Your Assets 349(14)
Protecting Where You Live 349(5)
Dwelling coverage: The cost to rebuild 350(1)
Personal property coverage: For your 350(1)
things
Liability insurance: Coverage for 351(1)
hurting others
Flood and earthquake insurance: 352(1)
Protection from Mother Nature
Deductibles: Your cost with a claim 353(1)
Special discounts 353(1)
Buying homeowner's or renter's insurance 353(1)
Auto Insurance 101 354(4)
Bodily injury/property damage liability 354(1)
Uninsured or underinsured motorist 355(1)
liability
Deductibles 356(1)
Special discounts 356(1)
Little-stuff coverage to skip 357(1)
Buying auto insurance 358(1)
Protecting Against Mega-Liability: 358(1)
Umbrella Insurance
You Can't Take It with You: Planning Your 359(4)
Estate
Wills, living wills, and medical powers 359(1)
of attorney
Avoiding probate through living trusts 360(1)
Planning your estate to minimize taxes 361(2)
triggered by your death
Part V: Where to Go for More Help 363(46)
Working with Financial Planners 365(24)
Alice in Financial Planner--Land 365(4)
Alice's (mis)adventures 366(2)
Learning from Alice's journey 368(1)
Surveying Your Financial-Management 369(5)
Options
Doing nothing 370(1)
Doing it yourself 370(1)
Hiring financial help 371(3)
Deciding Whether to Hire a Financial 374(2)
Planner
How a good financial planner can help 374(2)
Why financial planners aren't for 376(1)
everyone
The Frustrations of Finding Good 376(6)
Financial Planners
Regulatory problems 377(1)
Recognizing financial planners' 377(5)
conflicts of interest
Finding a Good Financial Planner 382(1)
Soliciting personal referrals 382(1)
Seeking advisers through associations 382(1)
Interviewing Financial Advisers: Asking 383(6)
the Right Questions
What percentage of your income comes 383(1)
from clients' fees vs. commissions from
the products that you sell?
What percentage of fees paid by your 384(1)
clients is for ongoing money management
vs. hourly financial planning?
What is your hourly fee? 384(1)
What work and educational experience 385(1)
qualifies you to be a financial planner?
Have you ever sold limited 385(1)
partnerships? Options? Futures?
Commodities?
Do you carry liability (errors and 385(1)
omissions) insurance?
Can you provide references from clients 386(1)
with needs similar to mine?
Will you provide specific strategies 386(1)
and product recommendations that I can
implement on my own if I choose?
How is implementation handled? 387(2)
Computer Money Management 389(12)
Surveying Software and Web Sites 389(4)
Adding up financial software benefits 390(1)
Treading carefully on the Web 391(1)
Shun short-term thinking 392(1)
Accomplishing Money Tasks Using Your 393(8)
Computer
Doing your banking online 393(1)
Using chequebook software 393(1)
Using online bill payment services 394(1)
Planning for retirement 395(1)
Preparing your taxes 395(2)
Researching investments 397(1)
Trading online 397(1)
Reading and searching periodicals 398(1)
Buying life insurance 399(1)
Preparing legal documents 399(2)
On Air and in Print 401(8)
Observing the Mass Media 401(2)
Alarming or informing us? 402(1)
Teaching what kind of values? 402(1)
Perpetuating prognosticating pundits? 403(1)
Rating Radio and Television Financial 403(1)
Programs
Surveying the Internet 404(1)
Navigating Newspapers and Magazines 404(1)
Betting on Books 405(4)
Part VI: The Part of Tens 409(24)
Survival Guide for Ten Life Changes 411(16)
Starting Out: Your First Job 412(1)
Changing Jobs or Careers 413(1)
Getting Married 414(2)
Buying a Home 416(1)
Having Children 416(3)
Starting a Small Business 419(1)
Caring for Aging Parents 420(1)
Divorcing 421(2)
Receiving a Windfall 423(1)
Retiring 424(3)
Ten Things More Important Than Money 427(6)
Putting Your Family First 427(1)
Making and Keeping Friends 428(1)
Investing in Your Health 428(1)
Caring for Kids 428(1)
Knowing Your Neighbours 429(1)
Appreciating What You Do Have 429(1)
Minding Your Reputation 430(1)
Continuing Your Education 430(1)
Having Fun 430(1)
Solving Social Problems 431(2)
Glossary 433(14)
Index 447