All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Should we draw down my spouse’s RRIF faster? May 30th
Ask MoneySense
My wife is currently drawing $24,000 per year from her RRIF, which has a balance of $510,000. She is also receiving OAS, CPP and a work pension of $22,000. She is 67.
My question is if it would be prudent to start making larger withdrawals to try and reduce the tax that the estate .... More »
Can you move income back and forth between spouses? Aug 22nd
Ask MoneySense
I have an investment property (condo) in my name. I would like to sell it and [have the proceeds] paid out half to me and half to my spouse. The plan is to make the maximum RRSP contribution for both of us to minimize the capital gain.
Is that plan OK, legal, and wise?
–Zlatko.... More »
Who you gonna trust: Barry Ritholtz or Jim Cramer? + MORE Oct 25th
Because I get a lot of free review copies of financial books, it’s rare that I actually order one from Amazon, let alone three. But I did just that recently when I was curious about three influential authors who released new financial books within weeks of each other.
The first can be regarded .... More »
Stock news for investors: Laurentian bank and BRP + MORE Jun 6th
Here’s a round-up of news for Canadian investors this week.
Laurentian bank
BRP Inc
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 2.00% interest, tax.... More »
Stock news for investors: Rogers posts loss, Teck profit surges Jul 25th
Here’s a round-up of news for Canadian investors this week.
Rogers
Teck
Scotiabank
Sleep Country
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 1.... More »
What is RetireMint? The Canadian online platform shows retirement planning isn’t just about finances
– moneysense.ca
I have to admit that when I first heard about RetireMint, it was the clever name that initially got my attention. At first glance, it seems like a misspelling of the ubiquitous term retirement. However, those who follow personal finance news and use the numerous tools and apps devoted to it will probably know about products with the word Mint in them. Intuit once had a free budget tracker and planner called Mint, although it was shut down earlier this year.
What is RetireMint?
But now that I have your attention, let me add that RetireMint (with a capital M, followed by a lower-case letter i rather than an e) is a Canadian retirement platform. And it just might affect how you plan for both the financial and the lifestyle aspects of retirement. There’s not a lot of risk, as you can try it for free at retiremint.ca. In fact, there will be no charge at all for retirement planning users, RetireMint co-founder and CEO Ryan Donovan told me in an email. Nor is there advertising…
