A layoff on the brink of retirement puts this Ontario couple’s savings plan to the test

A graphic arts manager recently let go from a four-decade career, Herb has lost his steady income of $80,000 per year, with only a $40,000 separation cheque to tide him over.Gigi Suhanic/National Post photo illustration Situation: Layoff and meagre settlement package leave husband worrying standard of living will crumble Solution: Draw down cash savings for …

Private bankers, think impact investing: One third of wealthy clients will go elsewhere if you don’t

Environmental concerns are top of mind for many, including wealthy investors who are increasingly watching where their money is going.Postmedia file photo Some of the world’s richest people may take their money away from private bankers and wealth managers unless they offer more impact investments and philanthropy deals, according to family offices and foundations. RS …

The world of monetary policy, according to Christine Lagarde

Christine Lagarde, who will head the ECB, has shown to support its various positions.AFP Getty file photo Governments hoping their nominee for European Central Bank president will keep a steady hand on euro-zone monetary policy can probably take heart from Christine Lagarde’s public views. Lagarde, a lawyer and former politician rather than an economist, has …

Fixations: Why this security exec blows off steam on the road

Michael Raypold rides for an hour or two every evening after work.Courtesy Echosec / Marathon Photos Michael Raypold, chief technology officer of Victoria-based Echosec Systems Ltd., talks about the joys of cycling and the dangers of the dark web in this interview from the June, 2019, issue of FPM. FPM: Why does a company need …

Fixations: Why this retail exec is going to the dogs — in a good way

Marcello Leone with his dogs, in his RYU office: "Success is never straight."Ben Nelms for National Post Marcello Leone, RYU (Respect your Universe) CEO and president, talks about his love of tribes, both at work and at home in this interview from the November, 2018, issue of FPM. FPM: How has the apparel market changed …

Why investors give up on their big winners way too soon

Stock winner Apple's shares were 46 cents (split adjusted) in 1997; they are US$204 today.Emma Howells/The New York Times files One of the best ways to achieve long term investment success is to not sell your winners too early. Sometimes, stocks can up, a lot: 1,000 per cent gains, 10,000 per cent gains — and …

Posthaste: Earnings season kicks off, China growth slowest on record … and biggest Prime Day ever

Amazon.com's Prime Day runs today and tomorrow.AP Photo/Paul Sakuma, File Good morning! U.S. earnings season kicked off today with Citigroup, the first big U.S. bank to report, beating expectations with a 7 per cent profit rise. Investors had been concerned after warnings last month of lower trading revenue and investment banking fees. Lower costs and …

Everything you need to know about the government’s new stock option taxation rules

Employee stock options are used by some corporations as part of their total compensation package to entice and retain skilled workers./iStockphoto Last week, the federal government introduced draft legislation that proposes to limit the preferential tax treatment associated with certain employee stock options. The new rules, originally introduced in the March 2019 federal budget, fulfill …