Peter Boys, Boys Financial Services

Category Archive for: ‘Retirement Planning’

Retirement Income and Low Interest Rates

Pig And Percent

Low interest rates are hurting retirees trying to generate sufficient income from their savings to cover their living expenses. But …

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Tips and Traps About Income-Splitting for Seniors

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Retirees can split income between the higher and lower income earning spouses. Some income splitting can be done on the …

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Beware the Retirement Risk Zone!

retirement risk zone

The biggest fear for many Canadians in or near retirement is outliving their savings. This is followed by the fear …

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When To Apply for CPP?

Digital Retirement Plan

I’m often asked when to apply for CPP as there is a lot of confusion as to the best time.  …

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The Math Behind A Successful Retirement

Whats Your Plan

One of the perks of holding various industry-related memberships is the luxury of gaining access to proprietary interviews with influencers.  …

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Baby Boomers See Half A Million Retirement Shortfall

Maze1

Canada’s baby boomers are starting to realize they don’t have enough saved for retirement  to maintain a comfortable lifestyle. A …

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Boomer’s #1 Concern Facing Retirement

Save

  We’re living longer than ever, and the prospect of decades spent in old age is keeping some baby boomers …

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Saving and Planning for Retirement

Retirement Plan

When working with clients, we’ve found that families paying off school debts etc. are very real reasons Canadians have difficulty …

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How Much Money You Will Need To Retire

Lady With Pig

The 2013 Summer edition of MoneySense magazine offers a chart on how much money you will need to retire. Naturally, …

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Turn Your Retirement Dreams into Reality!

Couple On Beach1

Don’t simply retire from something; have something to retire to. That’s a profound statement by Harry Emerson Fosdick, who was …

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Income Opportunities For Seniors

Hand In Hand1

  (This article was originally published in the Stettler Weekender, January 2012) With savings accounts and GIC rates near historic …

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Are You Living on Income or Cash Flow?

Retirement This Way

  Ask any retiree what they want from their investments, and they’re likely to give the same answer; income.  That …

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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

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  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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