Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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Registered vs unregistered accounts: Where retirees should make withdrawals + MORE May 25th
Ask MoneySense
We are in the age bracket where we need to take RRIF withdrawals every year. I am 81, and my husband is 82. We also have an unregistered account. We need to withdraw additional money to pay our expenses. We have already taken the mandatory withdrawal for this year from our RRIF. .... More »
Reducing risk in an RESP: How to invest as your kid approaches college or university + MORE Oct 5th
If you’ve opened a registered education savings plan (RESP) for your child or grandchild, congratulations. You’ve taken the first step towards financing their future college, university or trade school education. And now your family can start benefiting from generous government grants worth thou.... More »
How women can start investing + MORE May 16th
Maybe you’re making a little more money these days and are curious about where to put it. Or maybe you’ve reached the age where you need to start, seriously, planning for retirement. Either way, we’re happy you’re here. The time for women to start investing is yesterday, or at least, right n.... More »
Should you borrow to pay expenses on an investment property? + MORE Nov 18th
Q. I have an investment property that I rent out. Now that I’m retired, I would like to use the income to supplement my retirement income. That would leave me with no money to pay the expenses on the property (mortgage payment, maintenance, utilities, etc.).
I’m wondering two things: One, can I .... More »
4 ways an automated RRSP plan will improve your life + MORE Apr 15th
From less stress to greater gains, there are a number of reasons to set up monthly contributions..... More »
Moolala
– moneysense.ca
Bruce will inspire you to get started with “The Moolala Guide to Rockin’ Your RRSP”. Bruce discusses how to make retirement savings relevant to you and your life, helps you develop a simple plan, and leaves you inspired to take action.
Download presentation
The post Moolala appeared first on MoneySense.
Majority of working Canadians don’t want hike in CPP premiums, poll says
– theglobeandmail.com
Results are in contrast to survey findings reported Sunday by the Canadian Association of Retired Persons, which found 71 per cent of 2,654 members surveyed strongly support an expansion of CPP benefits
The ballooning pension liabilities at Canada Post and the scandal over rich pensions at Ontario Power Generation highlight a looming issue for Canadian politicians – the growing cost of public sector pensions.
Saving too much? Nice problem to have!
– moneysense.ca
A Morningstar working paper in the U.S. has sparked plenty of online commentary about the controversial idea that Americans are “saving too much for retirement.” You can find a summary at CBS here and from there click on the Morningstar summary and the full 25-page paper by CFA and CFP David Blanchett.My initial reaction was similar to one of the commenters on the CBS site: “I don’t buy it. I don’t think there’s any such thing as over-saving for retirement. Regardless of how much income you may have now, life has a funny way of dropping unpleasant (and expensive) surprises on us all.” Or as I said in my Tweet on the topic, saving too much is a nice problem to have; and, I’d add, a malady unlikely to afflict many in the population.
The vast majority of Americans—and Canadians too, of course—are in the “not saving enough camp.”
The saving habit accustoms you to living on less
Blanchett distinguishes between the probable saving capacity of low- versus high-income earners…
How we might double CPP pensions
– thestar.com
Finance ministers are wondering how best to improve the Canada Pension Plan. A Toronto pension conference heard how it might be done.
