Quotations by David Chilton

Save 10 to 15 percent of your pre-tax income. [2011] - David Chilton

If you need life insurance, your best move is to buy a term policy until you've taken full advantage of TFSAs and RRSPs and until you've paid off your consumer debts and mortgage. If you find yourself in the enviable position of having accomplished all of that, some cash-value policies may be worth exploring. Even then, though, make sure you watch your costs--they can turn a theoretically good idea into a bad one in practice. [2011] - David Chilton

Many retirees don't have work-related pensions and it makes sense that they should "pensionize" some of their savings by creating a guaranteed monthly income, i.e. annuities. Deal only with the top-rated companies--annuities are no good if the insurance company dies before you do! Also, even though I think annuities are underutilized, don't go overboard here. Annuities are appropriate for a percentage, not all, of retirement portfolios. [2011] - David Chilton