Common risks to retirement, investing and financial freedom Oct 11th

There are plenty of retirement plan options in Canada! Stay on top of the best plans right here.

Latest News

The best RRSPs in Canada for 2026 + MORE Jan 31st

Why should you open a registered retirement savings plan (RRSP)? This account type is often described as “tax-advantaged,” meaning it offers a tax-efficient way for savers and investors to build wealth for the future, usually for retirement. To maximize its potential, it helps to know the differ.... More »

Are you missing out on RRSP matching and more? Feb 28th

A registered retirement savings plan (RRSP) is a powerful retirement savings tool, yet many Canadians aren’t getting its full benefits. A lot of us are also missing out on RRSP matching and other incentives—essentially, free money—that could go a long way to funding a more comfortable retireme.... More »

What’s my RRSP contribution limit? Nov 15th

Find out your current registered retirement savings plan (RRSP) contribution limit by using this calculator. RRSP contribution rules highlights Your RRSP contribution limit is based on the maximum annual RRSP contribution room set by the Canadian government, the earned income you had d.... More »

Do you need a planner if you’re a DIY investor? May 23rd

In today’s digital age, there’s an increasing number of Canadians who choose do-it-yourself investing. Online brokerages and low-cost trading platforms allowed for a new style of investing to emerge: a new generation of DIYers. We’ve seen a shift in the financial planning industry. Well, self-.... More »

Stock news: Canada’s big banks raise dividends after strong Q2 earnings May 30th

Here’s a round-up of news for Canadian investors this week. BMO National Bank Scotiabank CIBC TD Bank RBC Featured RRSP Accounts featured EQ Bank Build your retirement.... More »

Common risks to retirement, investing and financial freedom

– moneysense.ca

No matter what stage of financial planning you are in, it is important to be aware of and understand the common risks to your retirement plan and financial stability. The Toronto Star published the following chart showing reasons why Canadians delay their retirement:

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.
—Benjamin Graham

Inflation delays retirement for half of older Canadians

Results of a survey of Canadians older than 55 conducted in June 2022.

I have delayed (or plan to delay) my retirement because…I don’t have enough savings/investments62%Rising inflation/cost of living this year54%I have too much debt 40%My children still require financial support26%I love my job too much to quit 23%The COVID-19 pandemic 21%I am taking care of my partner/spouse13%I am taking care of my partner or other family member10%

The goal of this chapter is education, which, in my mind, is key to eliminating fear of the future…

Continue Reading On moneysense.ca »

Stay tuned for more Retirement wisdom brought to you by banks.ca!

Share