RBC Group Advantage Learning Centre

Credit cards are important for things like making hotel reservations, car rentals, or online purchases. They’re convenient and secure, and help give you the freedom to manage your finances, cover unexpected emergencies and also take advantage of rewards and special insurances. They’re also an easy way to establish a credit history! Use our credit card selector to find a card that's right for you and apply online in just a few easy steps.

The earlier you can direct your housing payments into a mortgage, instead of rent, the faster you will start building equity in a home. Equity is the difference between the value of a home and the amount that is borrowed against it. As you pay down a mortgage, or as the cost of real estate increases, your equity grows. It’s important to consider that owning a home is a long term commitment, so if your move is short-term or you’re not sure yet where you want to live, it may be worthwhile to continue to rent.

Once you’ve developed a long-term investment plan, it makes good sense to stick with it for the long-term. A good way to handle the everyday ups and downs of the market is to stay the course and follow your plan. Sure, the markets will always have their ups and downs, and you’ll be tempted to adjust your portfolio one way or the other. But studies have shown that by staying focused on your investment objectives and making regular investments, you’ll be in a much better position down the road when you’re ready to retire. Staying invested over time is one of the best ways to get a better overall return.

Your retirement will be as unique as you are. Travel, sports, hobbies … no one will combine these and other activities the same way you will. Your retirement plan should be just as unique. After all, no one has the exact same retirement benefit plans, tax considerations and priorities as you. That’s why you need a personalized approach to provide steady income when your regular paycheque stops. Working with an RBC Financial Planner is one of the easiest ways to get started with your retirement plan. In addition, you can use resources like the ones below to help guide your conversation:

• Defining Your Retirement
• How Will I Fill My Time in Retirement?
• Retirement Planning: Top Things to Consider
• Where Will My Retirement Income Come From?
• Your Future by Design^® Tool