Quotes of the Day

With a regular mortgage, the five-year-term fixed rate is roughly 3% at the moment. The comparable rate for a reverse mortgage (that provides monthly payments) is 5.59%. You must be 55 or older to qualify for a reverse mortgage and you can keep receiving income payments until the total amount owning reaches 55% of the equity in your home. Buying a reverse mortgage is most appropriate for a home owner who has no intention of moving again. It is best not to start a reverse mortgage too early. Wait until age 75 or so but don't wait too long. [2020] - Frederick Vettese

The only savings vehicle that has absolutely no tax liability is a TFSA. Your government pension--OAS or CPP--will be taxed. So, too, will your company pension plan. When you take money out of your RRSP or your RRIF, you will have to pay tax on that money. And even your unregistered assets will incur a tax liability on the return they earn or on their sale if you make a profit. [2013] - Gail Vaz-Oxlade

If a customer won't give you information, it is risky for you to give pricing. Avoid negotiating until you understand the customer's needs and you have shown your value. [2003] - Linda Richardson

As you age, your risk of developing and dying from cancer grows every year--until you hit eighty-five or ninety, when, interestingly, your cancer risk begins to drop. In deed, if you don't get cancer by a certain age, you may never get it. What accounts for this relative resistance to cancer among centenarians? It may have to do with a cancer-promoting growth hormone called insulin-like growth factor 1 (IGF-1). The release of IGF-1 appears to be triggered by the consumption of animal protein. Vegetarians who include eggs and dairy in their diets don't seem to achieve a significant reduction in IGF-1. Only men and women who limit their intake of all animal proteins appear able to significantly drop their levels of the cancer-promoting hormone and raise their levels of the protective binding proteins. [2015] - Michael Greger

As a homeowner, through creative living arrangements like living in your home's basement and renting out the upstairs, or sharing your condo with roommates, you can pay down your mortgage even sooner. [2017] - Sean Cooper