All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Retiring on bonds? + MORE Jun 24th
This is the fourth post of Jonathan Chevreau’s new column, Retired Money, which will explore smart ways to draw down income in retirement and semi-retirement.
Just how tough is it for modern retirees to generate a liveable income solely from fixed-income investments? According to BMO Asset Man.... More »
Retirement rethink: Find out where you’ll call home Jan 20th
(monkeybusinessimages/iStock)
Diane and Mike did what many retirees do. They sold their place in the city and downsized to a smaller, cheaper place out of town. But in their case, cheaper actually means free.
The couple now lives in the guest apartment on a large acreage near Calgary. In excha.... More »
How much real estate should you have in a balanced portfolio? May 11th
When investors talk about income-producing assets, the first that come to mind are dividends and interest, with capital gains a close third. But what about investment real estate? If you hold an asset allocation ETF, it will be chock full of stocks and bonds but offer little real estate exposure apa.... More »
What to do with your raise Oct 21st
My husband just got a promotion that comes with a $20,000 bump in salary. What should we do with the extra money: Pay the mortgage quicker? Save it in RRSPs and TFSAs? Take a family vacation? Or maybe it should go towards our upcoming $3,000-a- month daycare bill.
—Jennifer, Vancouver
Congratulat.... More »
Can you delay a RRIF withdrawal? Jun 6th
Ask MoneySense
I read you can base your RRIF withdrawals on your wife’s age to minimize them. Can you please explain exactly what that means? My wife is seven years younger than me, and I am 68. I already have a small RRIF, set up for the pension benefit. When I hit 71, when I convert my RRSP to a.... More »
Seniors burdened by rising debt: Roseman
– thestar.com
Financial planners advise reducing debt as you approach retirement. But a new report shows seniors are more in debt than ever.
Sean Kilpatrick/CPWith a new Supreme Court justice now appointed to replace the unappointed Marc Nadon, without any parliamentary review of the new appointee, Liberal MP Irwin Cotler wonders what the future holds for the Supreme Court selection process.
Justice Clément Gascon cannot be faulted for the procedural shortcomings surrounding his appointment. Indeed, I share the high hopes expressed for his contributions to the court. Regrettably, Canadians and Parliament deserve a better process, particularly from a government that claims to pride itself on transparency, inclusiveness and accountability. With Justice Louis LeBel’s retirement this fall, one hopes that when it comes to process the government will finally get it right this time around.
I’ll correct Mr. Cotler on one point: As I noted last week, I’m told Chief Justice Beverley McLachlin was consulted on the appointment of Justice Clement Gascon.
But the future of the process is very much open to question. Asked about it last week, the Justice Minister made that apparent…
Want a job in retirement? Be open-minded
– thestar.com
Top reasons why people try new jobs in retirement include a more flexible schedule, a desire for more fun and the pursuit of a passion or interest.
