Financial Power

Important Keys To Personal Financial Success. Good Quality information About debt consolidation, insurance, saving money, practical investing and financial planning.

What the Rate Cut Means for Mortgages

| April 22, 2009

The latest rate cut means consumers buying a house can borrow for as little as 3% interest on their loan if they are willing to buy into the Bank of Canada’s statement Tuesday that it won’t be changing rates until June, 2010. If you don’t believe the bank will hold steady on its promise, you [...]

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Bank of Canada Lowers Interest Rate

| April 21, 2009

On Tuesday April 21, 2009 the Bank of Canada lowered its interest rates to a historic low rate of 0.25%. I found this article interesting, so I decided to share it with you. Posted: April 21, 2009, 11:13 PM by James Cowan In this occasional feature, the Post tells you everything you need to know [...]

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Protect Your Capital!

| April 21, 2009

The annuity in its simplest form is a contract between you and the issuing insurance company. Annuities in rare occasions can be a useful place to invest some money if you’ve exhausted all other tax-deferred retirement plan options, but you really need to do your homework. In many cases, it may be better to buy [...]

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Annuity Risks and What You Should Know!

| April 15, 2009

I can’t stretch it enough: When it comes to annuities you have to think ahead because, in most cases, you can’t reverse your decision. There are some risks you should think about before you buy an annuity. Understanding these risks could affect the kind of annuity you buy. You may even decide that an annuity [...]

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What Types of Annuities are Available?

| April 11, 2009

When it comes to annuities you have to think ahead because, in most cases, you can’t reverse your decision. A financial expert can help you find the best strategy for your own situation. Please do NOT ask for advice from an annuity salesperson as he/she will explain why you need an annuity as they NEED [...]

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What Is an Annuity?

| April 8, 2009

An annuity is an investment that pays you a set monthly income for a set period of time. You can even get guaranteed income for life. The annuity in its simplest form is a contract between you and the issuing insurance company under which you make a lump-sum payment or a series of premiums over [...]

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