Not sure how to make a retirement plan? Read on…
Latest News
DIY investing for busy people—the portfolio management tool you didn’t know you needed + MORE Jul 13th
If you’ve been on the fence about managing a self-directed brokerage account because you think DIY investing is too much of a time commitment, think again. While DIY investing certainly can be an all-consuming “hobby” filled with spreadsheets, calculations and trade activity, it doesn’t have.... More »
RESP vs RRSP and TFSA: What’s the best option for education savings? Aug 31st
Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »
How to double your CPP income Apr 25th
A series of academic papers being rolled out by the National Institute on Ageing (NIA) has added fuel to the oft-argued case for delaying benefits for the Canada Pension Plan (CPP) to the latest possible age: 70.
As I reported on my own site, when an introduction and ove.... More »
Stock news for investors: Air Canada Q3 profit plunges to as strike weighs on results + MORE Nov 8th
Here’s a round-up of news for Canadian investors this week.
Air Canada
Fortis
Thomson Reuters
Suncor
Cameco
Maple Leaf Foods
Sun Life Financial
Cineplex
Corus Entertainment
Xanadu Quantum Technologies
Featured RRSP Accounts
.... More »
Cut unnecessary costs with one simple change to your banking + MORE Dec 13th
If you’re like many Canadians, you view bank fees as a necessary expense, but this couldn’t be farther from the truth. Paying a small fee each month isn’t usually much trouble, but over a whole year, it can really add up. The good news is that affordable banking has never been more in .... More »
They’re poised for retirement, but don’t know when that will be
– theglobeandmail.com
Hank and Hennie plan to sell their city home and move to a less expensive town when they retire. Ideally they'd like to hang up their hats at the same time, but how feasible is that?
Books you need to read before retirement
– moneysense.ca
(Pexels.com)In the last six months, at least three new Canadian books have been published that bear the word “Retirement” in their titles (counting the one I co-authored with Mike Drak.). I’ll leave it to others to review Victory Lap Retirement (indeed, it was excerpted in MoneySense last summer) but am happy to review the others, since they all provide valuable input to retirees and would-be retirees who read this column.
Let’s start with Create the Retirement You Really Want, by veteran financial advisor Clay Gillespie of Vancouver-based Rogers Group Financial. Over the years of covering the personal finance and retirement beat, Clay has always been a useful journalistic source. His new book takes the “Pseudo Novel” format that many others have adopted in the wake of David Chilton’s perennially best-selling The Wealthy Barber (including myself in Findependence Day).
Should I use my RRSP to pay down debt in retirement? »
Such books seldom read like Ludlum thrillers but if you ever wanted to be a fly on the wall for conversations between financial advisors and their clients concerned about retiring, Gillespie provides the next best thing…
Bank of Montreal says chief executive Bill Downe plans to retire on Oct. 31.
