Strong stock markets continue to lift pension plans + MORE Apr 3rd

Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.

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In the years leading up to retirement, an updated financial plan is key: Experts + MORE Jun 29th

Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement. In the years leading up to retirement, an updated financial plan is key: Experts - thestar.comContinue Reading On thestar.com » How to become a digital nomad—and not g.... More »

How to get the pension income tax credit + MORE Feb 17th

Q: I am 65 years old and will have income for the next three years. I want to open a Registered Retirement Income Fund (RRIF) and transfer some money into it to take advantage of the pension credit on a $2,000 withdrawal. While doing so, can I then turn around and use that $2,000 as part of my con.... More »

Downsizing vs reverse mortgage: which option is right for you? Feb 2nd

For many Canadians approaching retirement, their home is by far their largest asset. With detached homes in major cities selling for well above $1 million, it’s not surprising that owners expect to tap into that equity to help fund their golden years, prompting the common refrain: “My home is my.... More »

Where should working retirees put extra income: A TFSA or an RRSP? Jan 11th

Ask MoneySense I will be receiving CPP and OAS as of June 2024. I intend on working one more year until I reach 66. My question is: Should I put all my CPP money into an RRSP to shelter it from tax? Or should I pay the tax on it and invest in a tax-free savings account? –Gary Where to put r.... More »

The best way to transfer RESP money to an RRSP + MORE Jan 6th

Q: When transferring my unused RESP accumulated income into my RRSP, am I able to do it as is, i.e. bank stocks, or do I have to cash them in and transfer as cash? —Johanna A: If you end up with money in a Registered Education Savings Plan (RESP) that you can’t use for a child’s education, .... More »

Ontario Teachers’ Pension Plan Posts Benchmark-Beating Return for 2013

– blogs.wsj.com

Ontario Teachers’ Pension Plan, one of Canada’s biggest pension fund, posted a benchmark-beating return of 10.9% last year, fueled by surging equity markets.

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Win a spot at our 15th anniversary event in Toronto

– moneysense.ca

a Rafflecopter giveaway

This event is SOLD OUT!
The only way to get in is to enter the contest above.
Event information:
Thursday, May 15, 2014
The Toronto Board of Trade, 77 Adelaide Street West
First Canadian Place, Suite 350
Toronto, ON M5X 1C1
Click here for map and directions
Join Canada’s leading personal finance experts for a must-attend evening of wealth-building guidance. Covering retirement to real estate, savings to investment, learn everything you need to know to be rich at any age.
Speakers
David Chilton
Dragon’s Den star and author of The Wealthy Barber
Bruce Sellery
MoneySense contributor and author of Moolala
Jonathan Chevreau
MoneySense editor and author of Findependence Day
Plus…
Norm Rothery, Ph.D., CFA, founder of StingyInvestor.com
Dan Bortolotti, MoneySense editor-at-large and blogger at canadiancouchpotato.com
Pat Bolland, MoneySense columnist and host of Straight Talk on Sun News Network
Preet Banerjee, MoneySense writer and blogger at WhereDoesAllMyMoneyGo…

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Living Single in Retirement: Are You Prepared?

– rhondasherwood.com

Many women picture their retirement years as a time when they will have more time to spend with their spouse or partner. The reality is that many senior women are living single in retirement. Without a carefully thought out financial plan in place, you may find that your “Golden Years” not be quite as shiny as you had originally hoped for or anticipated.
The life expectancy for Canadian men is 78.3 years for men and 83.0 years for women. It’s not unreasonable to assume that many women will spend at least a few years on their own. Almost 50 percent of women over the age of 65 are widows and this number increases to 75 percent of women in the 75-and-older age group. The average age when a woman loses her spouse or partner is 56.
Living Single in Retirement Through Divorce
With approximately 40 percent of first marriages ending in divorce, being part of a couple is no hedge against marriage breakdown. The divorce rate for women between the ages of 55-64 is close to eight percent…

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Strong stock markets continue to lift pension plans

– thestar.com

The survey of more than 275 plans found a median solvency funded ratio of 95.4 per cent at March 27, up two percentage points last year and 21 points higher than a year ago.