The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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MoneySense at the MoneyShow: Capital gains and ETF sessions + MORE Nov 15th
MoneySense is pleased invite readers to two virtual MoneyShow conferences:
Commercial Real Estate for the Private Investors on Wednesday, November 20
ETFs & Investing Strategies Canada Virtual Expo on Wednesday, November 27
Commercial Real Estate for the Private Investors
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S&P 500 Has Best Week in 2023 as Bond Yields Slide: Markets Wrap - Yahoo Finance + MORE Nov 3rd
S&P 500 Has Best Week in 2023 as Bond Yields Slide: Markets Wrap Yahoo FinanceS&P 500 notches best week in 2023 as yields tumble BNN BloombergWall Street indexes rally on bets of peak US interest rates, strong earnings Inquirer.netWhy Are Stocks Up Today?&nbs.... More »
Ask a Recruiter: How Can I Tell When It’s Time to Quit My Job? + MORE Dec 20th
If you are feeling unmotivated, burnt out or just counting down the minutes until the holiday break, you aren’t alone. This is the most common time of year to feel like you aren’t loving your job. As the year winds down, we tend to feel the weight of the past twelve months having piled up into a.... More »
Hot stocks: Canada’s top performers in Q2 2025 Jul 4th
Celestica Inc. (CLS) was the best large- or mid-cap stock to own on the Toronto Stock Exchange over the past three months, with a gain of 76.6%, followed by Cameco Corp. (CCO, 67.6%) and Galaxy Digital Inc. (GLXY, 66.4%).
The second quarter of 2025 turned out to be a rebound period for Canadian e.... More »
The best GIC rates in Canada for 2024 + MORE Jun 28th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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How to plan for retirement in five or 10 years
– moneysense.ca
I am a divorced empty nester and a registered nurse, who is trying to figure out how to plan the next five to 10 years, before my retirement. Currently I am a 55-year-old female, and I will have a pension from my workplace. Unfortunately due to life circumstances, I did not start my company pension until I was about 40 years old.
Here is my financial profile:
I have a house worth about $700,000, with $150,000 still remaining on the mortgage, which I plan to pay off aggressively within the next three years. I am making doubled-up payments of $4,000 per month.No other debt.RRSP savings: Approximately $160,000Annual salary: $110,000Projected annual pension: Retirement at age 60 will be $38,000 per year, and retirement at age 65 will be $44,000 per year.CPP: I will not get maximum but I should be in the upper range.
I am trying to figure out when I can retire and what my next steps are.
—Joan
How to make a five- or 10-year retirement plan—and when to retire
Hi Joan, I like your question…
