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Ask Bruce: Should the higher earner in a household pay more?

Bruce Sellery | posted Tuesday, Aug 12th, 2014

When two people buy a house, is it normal for them to split the monthly mortgage payment 50/50, even if one person makes more money? M.S., Toronto

Dear M.S.,

Relationships are funny. What’s considered “normal” behaviour for one couple may be considered completely absurd by another couple living right next door. In my opinion, “normal” doesn’t matter. What matters is what works for the two of you, based on what you want. Take a big step back and talk about what you want for the future — both as individuals and as a couple. Then figure out how you’re going to pay for it. Not just the mortgage — all of it: house maintenance, groceries, vacations, cars, kids, retirement savings and your respective vices. Sure, when there is a disparity in income, it can be a challenge to decide on priorities. When thinking long term, it is best if your retirement incomes are as close as possible, in order to minimize the tax you pay. This means the higher-income earner should pay more of the expenses until retirement. Hopefully you’ll have a long and happy life together.

Bruce Sellery is a personal-finance expert and author of the bestselling book The Moolala Guide to Rockin’ Your RRSP. He’s a columnist for MoneySense magazine and a regular guest on Cityline and the Lang & O’Leary Exchange. His website is moolala.ca.

Click to buy on Amazon.ca.

Click to buy on Amazon.ca.

Actor Robin Williams dead of apparent suicide at 63

BT Toronto | posted Monday, Aug 11th, 2014

robinwilliams-featured

Actor Robin Williams has been found dead of a suspected suicide inside his California residence, Marin County police said in a release.

He was 63.

According to CNN, Williams’ wife and press representative both released statements Monday confirming the death, saying the actor had been suffering from “severe depression.”

“This morning, I lost my husband and my best friend, while the world lost one of its most beloved artists and beautiful human beings. I am utterly heartbroken,” said Williams’ wife, Susan Schneider.

“On behalf of Robin’s family, we are asking for privacy during our time of profound grief. As he is remembered, it is our hope the focus will not be on Robin’s death, but on the countless moments of joy and laughter he gave to millions.”

The Marin County sheriff’s department says Williams’ death appears to be suicide due to asphyxia, but a full investigation is underway and an official cause of death has yet to be confirmed.

An autopsy is scheduled for Tuesday and toxicology tests will also be performed.

Earlier in the summer Williams announced he was entering rehab to deal with addictions.

Williams shot to fame in the late ’70s as the alien in TV’s Mork and Mindy. He conquered the big screen in comic films such as Good Morning, Vietnam and Mrs. Doubtfire. But he won his Academy Award in a serious role – as the therapist in Good Will Hunting.

His performing style was at its purest in his standup act, as he impersonated a Russian immigrant or parodied anyone from John Wayne to Keith Richards.

Friends of the Oscar winning actor took to Twitter to express their condolences.

Marin County Sheriff’s Office announces death of Robin Williams

With files from the Associated Press

How I tackled Tough Mudder: Part 2

Alexandra Davies | posted Thursday, Aug 7th, 2014

Missed part 1 of Ali’s Tough Mudder journey? Click here to catch up!

With Tough Mudder in the back of my mind, I was determined as ever to be as prepared as possible. In order to feel and look my best, it was time to clean up my diet and hit the gym.

I’ll admit I didn’t take the smartest route at the beginning. I was so set on making HUGE changes, that I got a little (a lot) carried away. I went to the gym multiple times a day and drank green smoothies for almost every meal. I do not suggest this method. Ever. I was so focused on achieving immediate results in a short period of time that I didn’t take my body’s health into consideration. Sure I lost some weight, but I was so tired, moody, and even felt super weak despite my countless hours hammering it out at the gym.

THE (“LIFESTYLE CHANGE”) DIET

Clearly, I was doing something wrong. For the amount of work I was putting in at the gym, I wasn’t getting enough fuel to compensate. I cut back the multiple classes and threw back in solid foods, but I kind of went overkill. PB&J sammies would accompany my green smoothie breakfasts, bruschetta sometimes made appearances on my dinner plate, and the midday snacks were increasing quickly. Here I go again…I had to put the brakes on a repeat of first year university.

This is when a close friend talked to me about a diet she was doing and loved, something she called “Paleo.” I was intrigued by the idea and inspired by her raving reviews, so I decided to commit the month of June to being strictly paleo. This eating plan meant no dairy (farewell, cheese), no grains (sayonara, sourdough bread) and no sugar (so long, my beloved chocolate almonds).

The first week was the hardest. Conveniently, National Donut Day fell on the third day of my new diet and, of course, the office celebrated. All I wanted to do was bite into that sugary, doughy goodness —but I refused to give in. After only eating salads and pieces of chicken day after day, I started researching ways to make this diet not suck. From there, everything started getting a little easier. I found dozens of paleo food blogs that provided hundreds of fun recipe ideas. I ended up making paleo meals that you wouldn’t even believe were paleo. I made Pad Thai, vanilla-chai pancakes, and spiced pumpkin muffins, people! How cool is that!? It’s all about the ingredients you use.

The hardest part of paleo was the inconvenience of meals. I had to make everything from scratch using natural, organic ingredients — making it hard to whip up anything in a hurry after a long day at work. Though my meals take their sweet time to be made, the best part of paleo was how it made me feel — I have never felt so content inside. Generally, it made me happier, which was really my goal in the end.

THE WORKOUT PLAN

I have never been someone to loathe working out; in fact, I thrive off it. Whenever I’m upset or just need a pick me up, you can find me at the gym or running around my neighbourhood. The issue was the intensity — a light jog here and there wasn’t going to cut it. I knew if I wanted to keep up with the rest of the Mudders, I’d have to up my workout game. I needed to focus on cardio and major muscle building. I wasn’t looking to become a body builder, but I wanted to be able to do an actual push-up. I created my own personal “Summer Workout Schedule” made up of early AM fitness classes, running intervals, and even some hot yoga thrown in there. My absolute favourite is the Body Combat class at GoodLife. My good golly, this is an amazing class to release any pent up stress or worry. Every Tuesday morning I was able to beat up the air and feel like a real-time karate kid without looking insane (well, I probably looked insane, but the class was always packed so I blended in…hopefully).

I even took it a step further and signed myself up for a TRX bootcamp class. Though I’m still unsure of what it stands for, this was the hardest workout I’ve ever endured. A TRX workout simply uses your own body weight to do a zillion different exercises, all while suspended by two straps. After 12 gruesomely hard sessions, I felt a huge difference in my core and strength — and heck yes, I can do real push-ups now!

But what would be a good story without a little hiccup, am I right? TRAGEDY STRIKES! (Dun dun dunnn!)

Remember that pesky herniated disc of mine from way back when? Well, it just had to make an appearance a month away from Tough Mudder. Major buzzkill x100. How did I do it, you ask? I went to bed. I innocently went to sleep and woke up with a very sore back. I still have no idea what dream I had, but it must have involved some kick-ass parkour.

My workout plan was halted, along with my motivation. I was beyond upset, and very worried I wouldn’t be ready/capable of doing Tough Mudder (you can probably hear my heart breaking into a million pieces from wherever you are reading this). I went straight to my physiotherapist who has dealt with all my past injuries, including my year-long recovery of the herniation. After about a week of appointments, taking a forced break from my intense workout schedule, and resorting to only a couple of back exercises and stretches, I finally felt better. The constant pain was gone, but I was very wary on stepping foot in the gym. Making sure I took it easy, I slowly started introducing  more exercises to my days. At this point, I wasn’t focused on muscle building and running X number of miles as fast as possible — it was about doing simple exercises with perfect form, ultimately protecting my back from any further injury. Though it was extremely discouraging to take my workouts down a bunch of notches, I knew it was for the best if I wanted to be able to endure the craziness of the Tough Mudder course.

From this day, Tough Mudder is in exactly 17 days. And yes, I am totally freaking out.

I’ll be back with part 3 after I compete on Saturday, August 16th! Wish me luck!

More health coverage at Cityline.ca

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