Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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Generation Y: Tips for Helping Your Kids and Grandkids Survive Financially + MORE Jul 24th
If it seems that there is a constant stream of negative press surrounding Generation Y’s abilities to financially survive in today’s economy, you’re right. They have extraordinarily high tuition fees that continue to climb at a steady pace, home prices in the lower mainland are pretty much una.... More »
TFSA, tax changes: Time to review your financial plan + MORE Dec 24th
OTTAWA – The tax rules are changing in 2016 and even if Canadians don’t make enough to be hit by the new top federal income tax rate, their financial plans are going to need to be reviewed.
The vast majority of Canadians will not be affected by the new tax bracket for income over $200,000 a year.... More »
The Facts About RRSP Carry-forwards + MORE Feb 26th
Are you confused about “RRSP carry-forwards”? If so, you’re not alone. A Registered Retirement Savings Plan (RRSP) is a way for taxpayers to save money, which can provide a source of future income, as well as provide an immediate tax deduction. The “carry-forward” part .... More »
CPPIB grows presence in Hong Kong logistics real estate with Goodman partnership + MORE Dec 9th
TORONTO _ The Canada Pension Plan Investment Board is investing $320 million in a partnership with more than a dozen modern logistics properties in Hong Kong.
The Goodman Hong Kong Logistics Partnership, created in 2006, has assets worth about C$4.7 billion including a 50 per cent interest in Goodma.... More »
Ontario loosening solvency requirements for defined benefit pensions + MORE May 20th
Ontario is changing rules on workplace defined benefit pensions, including considering them to be solvent when they are 85 per cent funded.
The provincial Liberal government announced today that it would introduce legislation in the fall to make that change and others that it says will help keep def.... More »
The financial literacy paradox
– moneysense.ca
There has been huge growth in financial literacy initiatives over the past decade, some aimed at children and youth. Most recently, Stefania Moretti’s MoneySense article “Parents and teens want financial education in the classroom” highlighted this growth with statistics from a variety of sources throughout Canada. Considering the heightened level of concern regarding the baby boomer generation’s ability, or inability rather, to finance their retirement years, it’s not surprising that many hope the next generation will better manage their financial house.Unfortunately there’s no evidence that financial education actually results in improvements in our financial behaviour. No studies on financial literacy have provided convincing evidence of any sustainable financial behaviour change, research tells us. Currently we have no way of knowing if this is the best way to prepare the next generation for their financial obligations. Our youth will face a far more complex financial world…
When to take your pension – and when to wait
– canoe.ca
Did you know that you can defer taking your Old Age Security pension?
Thinking of Early Retirement? Avoid these Common Pitfalls
– rhondasherwood.com
So you made the life-changing decision to retire sooner than you had originally planned. Congratulations! You are counting down the minutes until you pack up the office and head for the door, and are no doubt looking forward to your new life away from the daily grind. But before you say goodbye to your coworkers last time you might want to touch base with your financial advisor to ensure there are not any miscalculations in your new retirement plan.Retiring early may be your dream but only if you can make it work financially! Here are a few common blunders people tend to make with retirement planning when deciding to take an early exit from the workforce.
You originally planned for your savings to cover 20 years of retirement living but you have recently decided to retire five years earlier.
Are you confident you have enough funds put aside to cover those five extra years when you won’t be bringing in an income? Let’s say you need an extra $20,000 annually from your savings to make up the shortfall in your retirement needs that your pension income doesn’t fully cover…
Peugeot chief renounces $29-million pension deal after outcry
– theglobeandmail.com
Philippe Varin acknowledged the “polemic and emotion” caused by his pension and said the company’s supervisory board would decide on the new terms of his departure
