There are plenty of retirement plan options in Canada! Stay on top of the best plans right here.
Latest News
News for investors: Nvidia smashes Q3 expectations as AI frenzy continues + MORE Nov 22nd
Here’s a round-up of news for Canadian investors this week.
Nvidia
Metro
Questrade
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 1.50% interest, ta.... More »
Stock news for investors: Goeasy shares plunge nearly 60% after lender suspends dividend + MORE Mar 14th
Here’s a round-up of news for Canadian investors this week.
Goeasy
Algoma Steel
Transat
RBC
MDA Space
Empire
Featured RRSP Accounts
featured
EQ Bank
Build your retirem.... 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 »
More Canadians are pressing pause on retirement savings to pay for things now. Just how long should you do that? The answer may surprise you + MORE Jun 1st
Be aware of the setbacks of putting saving for the future on the back burner in the face of high inflation, experts caution..... More »
Bear markets: What’s a long-term investor supposed to do right now? + MORE Jul 13th
My mutual funds are doing terribly, and I know they always say that it is better to stay the course and ride out this market crash and whatever. But I’ve been thinking about divorcing my big bank for awhile now. I have RRSP with mutual funds that have high management fees with RBC, slightly b.... More »
Many retirees and near-retirees are enthused about the June 1 release of Purpose Investments Inc.’s Longevity Pension Fund. (For the sake of space, we’ll refer to it as LPF henceforth.)
Taking on the challenge of providing retirement income for the vast army of people who don’t have classical defined benefit pension plans, Purpose CEO Som Seif and his team appear to have found a way to offer at least some of the secret sauce of traditional DB pensions.
According to Purpose’s documents, retirees’ biggest fear is: “Will my money last?”
Their LPF solution involves mortality credits that improve the odds that retirees who opt in will never run out of income before running out of life.
Somewhat reminiscent of the classic tontine structure championed by famed finance professor Moshe Milevsky (see this MoneySense article from three years ago), the idea is for less fortunate retirees who die sooner than they’d like to subsidize those gifted with longevity.
Retired actuary and retirement expert Malcolm Hamilton describes the LPF as “quite an ambitious undertaking…
Taking on the challenge of providing retirement income for the vast army of people who don’t have classical defined benefit pension plans, Purpose CEO Som Seif and his team appear to have found a way to offer at least some of the secret sauce of traditional DB pensions.
According to Purpose’s documents, retirees’ biggest fear is: “Will my money last?”
Their LPF solution involves mortality credits that improve the odds that retirees who opt in will never run out of income before running out of life.
Somewhat reminiscent of the classic tontine structure championed by famed finance professor Moshe Milevsky (see this MoneySense article from three years ago), the idea is for less fortunate retirees who die sooner than they’d like to subsidize those gifted with longevity.
Retired actuary and retirement expert Malcolm Hamilton describes the LPF as “quite an ambitious undertaking…
