Personal Finance 360 on LinkedIn: #retirementplanning #firstjob #ira #retirementcontributions #mymetric360 (2024)

What new Instagram scam promises $2000 for a mural project? #ScamAlert #InstagramScam🤔 What type of new scam is this on Instagram! Have you received a message like this recently? So, here's the deal:- Someone reaches out to you on Instagram, claiming they want to use your profile for an art project.- They promise payment of $700 and ask for your email to send a cheque.Sounds fishy, right? 🐟Here's what you can do to protect yourself:- Never p...Source: https://lnkd.in/gGRPpxjN#mymetric360

Which trading platforms keep funds in USD after closing a position to avoid high FX fees? TradingPlatforms #ForexFees #ISA #SIPPHey trading enthusiasts! 👋 Looking to maximize your profits and minimize those pesky FX fees when trading in USD stocks? I've been there too! Here are some thoughts and recommendations I've gathered:Have you come across any ISA or SIPP platforms that allow you to keep funds in USD after closing a position? 🤔🇺🇸Looking for suggestions on platforms with the ...Source: https://lnkd.in/gswcCNxC#mymetric360

How long should I wait to repurchase stocks in Canada without tax penalties? #StockTrading #TaxLaws #InvestingTipsHey fellow investors! 📈💰 Just wondering, how long should one wait after selling a stock in Canada before buying it back to avoid any tax penalties for "trading"? It can be a bit confusing navigating these waters, especially for us newbies. Here are some thoughts and possible solutions to consider:- In the U.S.A., if you sell a stock at a loss and buy back...Source: https://lnkd.in/gGAqr9wY#mymetric360

How to Transfer TFSA Contributions Across Brokers without Losing Room for Rebalancing? #TFSA #Investing #Brokers #CAD #USD #RebalancingHey fellow investors! 📈 I'm diving into the world of TFSA across different brokers, and I've come across a bit of a pickle with contribution room. Let's discuss!Here's the scenario:- Using WS for my CAD ETFs and banks- Using IBKR for my USD stocksThe issue: - If I shift funds between my WS and IBKR TFSA accounts, does it impact my contribu...Source: https://lnkd.in/g28F2Yni#mymetric360

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How can I protect my loan for my parents' mortgage with dad's dementia? Solicitor won't help. Any suggestions? #FamilyMortgage #ProtectingLoan #LegalAdviceNeededHey everyone! Need some advice on a tricky situation with my parents' interest-only mortgage. Here's the deal:- Dad was diagnosed with dementia 2 years ago, and we knew this mortgage would become due now.- I offered to loan the money to cover it, with the agreement that it would be noted as an interest in the property for legal purposes.- C...Source: https://lnkd.in/gtVKud9F#mymetric360

Is it worth using a No FX Fee card for a short trip to Europe without switching cards? #TravelTips #ForeignExchange #CreditCard #NoFXFeeHey fellow travelers! 🌍💳 I've got a question for you - Is getting a no FX fee card worth it for a short trip? Let's dive into it together! So, I'm off to Europe for 2 weeks and I'm torn between using my current BRIM Financial card (with a 1.5% FX fee) or my AMEX SimplyCash Preferred card (2% cashback but 2.5% conversion fee). Here are a few th...Source: https://lnkd.in/gxjUwT83#mymetric360

What are the multiple retirement options offered at my new job and how do I choose the best plan to meet my financial goals and minimize taxes? #RetirementOptions #NewJob #401aPlanUnderstanding 401a PlansIf you're starting a new job and faced with multiple retirement options, one of the choices you may come across is a 401a plan. The ICMA 401(a) Governmental Purchase Plan, specifically designed for newly hired employees, offers a range of contribution options. These include fixed employer contributions along with elective participant ...Source: https://lnkd.in/gGTG825a#mymetric360

Did Barclays lose my claim letters on purpose, causing over $500 CAD in expenses? #BankingIssues #BarclaysBank #ReclaimProcessHey there! Have you ever experienced Barclays closing your bank accounts and then "losing" your reclaim letters? 🙄 Well, I sure have, and I'm currently stuck in a frustrating loop trying to get my accounts back! Let me break it down for you:Here's the deal:- Sent all the required documents to Barclays last year, spending a pretty penny on certifie...Source: https://lnkd.in/gpD7rxWM#mymetric360

How should I invest $600k inheritance wisely post probate, fees, and mortgage? FinancialPlanning #Inheritance #InvestingAdviceWow, what a situation to be in! Congrats on receiving a large inheritance 🎉 Now comes the fun part of deciding what to do with it. Here are some suggestions to consider:Diversify your investments: Rather than paying off your mortgage completely, consider investing in a mix of stocks, bonds, and real estate to spread out the risk and potentially ...Source: https://lnkd.in/gDSuHsPy#mymetric360

Should you stop investing and start enjoying the money you would have invested instead once you hit $750k? #InvestingVsSpending: Knowing When to StopWhen to Consider Enjoying Your WealthAs individuals accumulate wealth through investments, they may eventually reach a point where the returns generated from their investments surpass the amount they are actively contributing. This begs the question: is there a point where you should stop investing and just spend instead?Calculating Your Financial M...Source: https://lnkd.in/gtkX2vzt#mymetric360