All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Self-employed with no pension Aug 16th
The year 1975 was the high water mark for bell bottoms, soul music and workplace pensions. Back then, around half of Canadian workers had some sort of pension plan through their employers to save for retirement. These days, just under 40%. For the roughly 2.6 million Canadians who work for.... More »
Contribute to RRSP or pay off mortgage? Oct 12th
Ask MoneySense
We have a small mortgage, only $80,000, coming up for renewal. We have some money (approximately $25,000) that we can either put on the mortgage or invest or put into our RRSP. What is the best way to go?
—Linda
Which should Canadians prioritize: RRSP or mortgage?
Most of .... More »
What do to with a spousal RRSP at age 71 Jun 15th
Ask MoneySense
My question is in regards to a spousal RRSP that I have set up for my wife years ago. When she turns 71, do we have to turn it into something like a RRIF, which I did for my RRSP (I am older than her) and then withdraw from it annually? Or, could it be directly transferred to her TFSA.... More »
Should I cash my RRSP to pay off my mortgage? Jan 17th
Ask MoneySense
Is it a good idea to pay off my mortgage with my RRSP money and then put what my mortgage payment was back into the RRSP once I’ve paid it off? What are the pros and cons of this strategy to being mortgage free?
–Mike
Pay off a mortgage or keep investing with RRSPs?
Payi.... More »
Stock news for investors: Retail stocks tumble despite strong earnings + MORE Jun 20th
Here’s a round-up of news for Canadian investors this week.
Reitmans
Gildan
Groupe Dynamite
Empire
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with.... More »
If you’re retired or nearing retirement, or you’re a younger investor who wants stability in your portfolio, where should you consider investing when financial markets are suffering? Three sectors stand out for their relative stability in tough times: health care, utilities and brand leaders. Here’s how they can buffer your retirement savings, even during market turbulence.
1. Investing in the health care sector
The health care sector has many attractive qualities, especially for Canadian investors looking to protect their wealth during periods of market volatility while achieving growth over the longer term. The reason? The developed world’s aging population, a demographic force sometimes referred to as the “grey tsunami.”
“Health care is one of the very few areas of the market that’s really well positioned for the aging population dynamic,” says Paul MacDonald, chief investment officer at Harvest ETFs. “The macro-backdrop is very strong.”
This picture includes projections from the United Nations that roughly one-third of the populations of North America and Europe will be over age 60 by 2050…
