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Managing Your Money for a Young Family
The article outlines two savings tracks for couples: short term in bank accounts for emergencies and long term in guaranteed certificates mutual funds or government bonds. It stresses term life insurance disability and sickness coverage joint ownership and a shared financial plan with a cash reserve of two to three months salary. It notes Canada Pension Plan’s limits and urges early retirement saving and private retirement plans alongside employer programs. Mr Mardon of Investors Group Inc discusses these points.
MENTIONED IN THIS ARTICLE
Canada Pension Plan
Mardon
Investors Group Inc