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Are You Planning to Fund Your Retirement with a Big Win? Here are Our Top 5 Retirement Planning Tips

Retirement planning by planning to win a lot of money.Counting on a big win to fund your retirement is risky, but countless people do. From winning the lottery to inheriting retirement funds or striking it rich playing the stock market, there are many ways people hope to win big. However, when done right, a much more lucrative strategy is taking a disciplined approach to self-funding your retirement.

So what does a self-funded retirement plan need to include? Here are the top 5 tips of what to do to ensure your golden years are truly golden.

Don’t Just Wish to Own a Home – Alternatives to Make It Happen

Alternatives to buying a home so you can own your own home.Tired of feeling priced out of the market? While the single, detached home may be all but a vision left over from your parents’ generation, if home ownership is your dream, exploring alternatives to fulfill your dream in financially savvy ways is vital.

Communities and life-styles are evolving to mesh dreams with reality because there are a number of alternative home ownership options to consider. However, being flexible with your vision is a must in these ever-changing times so that you’re not forced to ignore retirement and other important financial goals.

Read on for some options you may want to consider.

Is Getting a Student Loan Worth It or Not?

Are student loans worth it?Average student debt is at an all time high in Canada, but student loans are only part of it. Many students finance a student life-style with other forms of credit, on top of their student loans, and subsequently end up starting their careers saddled with debt that’s difficult to repay and which can limit job prospects.

Rather than borrow your way through school, decide if student loans are worth it for you or not. From co-op programs, to scholarships, grants, bursaries, or working part-time, there are many non-repayable options to fund your post-secondary education.

There are times when it makes sense to get a student loan, and other times when it doesn't make sense. Curious? Learn more.