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Morrison’s first-home buyer plan won’t work: Fidelity International

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Work with a qualified financial planner or tax specialist before taking money out of your retirement plan, or making a large purchase, such as a home. This article is intended to serve as a basic guide only. Always consult with a financial professional before making a large purchase like a home.

Assistant Treasurer Michael Sukkar said on Friday: "Anyone who is saving for a deposit for their first home will be pleased with the. Minister has put it best on this when he said it won’t help.

What You Can Do to Make $1 Million Last 30 Years in Retirement. As your golden years approach, consider this: The average life expectancy in the U.S. increased dramatically from about 70 in 1967 to about 80 in 2017.

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Housing might seem affordable at first glance, but record low interest rates won’t be here forever, and without them, the picture is decidedly more bleak, writes Michael Janda. Prospective first home.

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The government is pledging support to some first-home buyers, meaning they will only have to save 5% of the purchase price as a deposit, instead of the 20% typically demanded by banks.

The Home Buyers’ Plan is a government program that allows those buying their first home to withdraw up to $25,000 from their RRSP to use as a down payment on a home. If you’re purchasing a home with someone who is also a first-time homebuyer, you can both access the Home Buyer’s Plan for a combined total of $50,000.