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Category Archive for: ‘Retirement Planning’

Filling the Retirement Income Gap

Success

Most people would prefer to retire sooner than later, but uncertainties have made ‘later’ more of a reality today than …

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Is Retirement Planning a Waste of Time?

Financial Plan1

Peter Drake, the vice-president of retirement & economic research for Fidelity Investments has found that only a fraction of people …

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The Cost of Retirement

Next Exit

  Financial Advisor magazine has a helpful look at planning for the cost of retirement, acknowledging the many moving parts …

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RRSPs Aren’t For Everyone

RRSPs aren't for everyone

As a follow-up to our previous post about Preet Banjeree asking whether seniors were better off investing in RRSPs or …

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Seniors May Be Better Off Investing in TFSAs Than RRSPs

preet-banerjee-seniors-may-be-better-off-investing-in-tfsas

  Preet Banerjee, Host of Million Dollar Neighbourhood and Globe & Mail columnist, briefly explains in black and white why …

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RRSP Tip #3: Preparing For A Comfortable Retirement

Ideally, maximizing your savings pool is a lifelong task, despite the fact that many Canadians are financially short-sighted. Statistics Canada …

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RRSP Tip #2: Spousal RRSPs

Spousal RRSPs are a good opportunity to take advantage of Canada’s graduated income tax system for equalizing retirement income between …

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RRSP Tip #1: RRSP Contributions

rrsp contributions

This post isn’t as much a “tip” as a brief primer on earned income. RRSP contributions are based in part …

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Five truths about RRSPs

RRSPs aren't for everyone

This post is a condensed version of the article published in the February/March 2013 issue of MoneySense (http://www.moneysense.ca/2013/01/29/surprising-truths-about-your-rrsp/) Fewer  Canadians …

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Guaranteed Retirement Income For Life

Man On Bench1

For many Canadians, relying on a defined benefit pension plan for guaranteed income is a thing of the past. Certainly, …

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Canada’s Retirement Landscape

Sunny Day1

In Canada’s retirement landscape, few Canadians have the luxury of employer pensions plans that guarantee income for life, wondering where …

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Convert Your RRSP to a RRIF

RRSP1

Baby Boomers, the cohort born between 1947 and 1966, are entering their retirement years.  The average retirement age in Canada …

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Back-to-Back Annuities – An Alternative Fixed Income Option, Part 2

Annuity 21

Yes – you can leave it all behind The insurance aspect of the back-to-back annuity works well for estate planning …

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Annuities – An Alternative Fixed Income Option, Part 1

Annuity 2

Set them up and leave them alone.  That’s the ‘plus’ for these low-risk and high-yield investments that provide a guaranteed …

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When Should I Begin CPP Income?

My Pension Fund

One conundrum for people approaching age 60 is when they should start receiving Canada Pension Plan (CPP) payments. Like the …

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Myths around Death & Taxes

Tax Stress

Though none of us will avoid death or taxes, many of us will be living much longer than Canadians did …

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New Retirement Risks

Breaking The Bank1

We are in a new and uncharted financial era.  More than ever we need to identify the level of retirement …

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TFSA, RRSP, or a life insurance policy?

Plan1

Should I invest in TFSAs, RRSPs, or a life insurance policy? This is a question I was recently asked by …

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Retirement Challenges in 2012

Ready Set Retire

Unforeseen events may present retirement challenges for baby boomers The time-honored retirement strategies planers have historically used are now being …

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Real Estate Investments

For Sale1

Looking for income? Some other options to consider With today’s stock market volatility and 10 years of no real investment …

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