How to go about securing the best Retirement Plan in Canada.
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What is the Canada Pension Plan death benefit? + MORE Sep 26th
Ask MoneySense
Your recent article is the first time I have seen reference to a CPP death benefit of $2,500. Can you explain it, please?
—Sam
The primary purpose of the Canada Pension Plan (CPP) is to pay a retirement pension to contributors. Employers as well as employed and self-employed .... More »
Chicago Pension Nightmare + MORE Mar 25th
A court nixes reform. Maybe the mayor should try bankruptcy..... More »
CPP? Maybe. ORPP? For sure: Mayers + MORE Dec 3rd
What many people want is a bigger and better CPP. What we’re going to get in the next year is Ontario’s provincial retirement plan..... More »
Who you gonna trust: Barry Ritholtz or Jim Cramer? + MORE Oct 25th
Because I get a lot of free review copies of financial books, it’s rare that I actually order one from Amazon, let alone three. But I did just that recently when I was curious about three influential authors who released new financial books within weeks of each other.
The first can be regarded .... More »
Harper pledges higher RRSP withdrawal limit for homebuyers + MORE Aug 13th
The Conservatives would let first-time buyers take $35,000 from their RRSPs to pay for homes if they’re re-elected, said Stephen Harper during a campaign stop in Vancouver on Wednesday.
Under the Home Buyers’ Plan, new buyers can currently take $25,000 from their registered retirement plans, tax.... More »
No time? Consider target date funds
– moneysense.ca
OTTAWA – For investors who don’t have the time or the interest to manage their retirement savings, target date funds might be a solution worth considering.
“You’re busy doing your day-to-day job, so what we do here is manage an appropriate amount of risk to achieve a goal of return for 65 years,” said Peter Walsh, institutional portfolio manager at Fidelity Investments.
Target date funds are used when you’re saving for a specific objective such as retirement or in a child’s registered education savings plan.
They gradually decrease the proportion of stocks and increase their holdings of fixed income and short-term funds as they close in on their target date.
Funds that are decades from their target take an aggressive stance, with a high proportion of their money in stocks, while those closer to their target are far more conservative.
Portfolio rebalancing: Why, when and how much»
“You’re busy doing your day-to-day job, so what we do here is manage an appropriate amount of risk to achieve a goal of return for 65 years,” said Peter Walsh, institutional portfolio manager at Fidelity Investments.
Target date funds are used when you’re saving for a specific objective such as retirement or in a child’s registered education savings plan.
They gradually decrease the proportion of stocks and increase their holdings of fixed income and short-term funds as they close in on their target date.
Funds that are decades from their target take an aggressive stance, with a high proportion of their money in stocks, while those closer to their target are far more conservative.
Portfolio rebalancing: Why, when and how much»
That compares with a typical balanced mutual fund which has 60 per cent of its money in stocks and 40 per cent in bonds, and doesn’t change much from that mix regardless of your individual needs…
China slump not short-term concern for Canadians
– moneysense.ca
TORONTO – Experts say Canadians don’t need to worry about China’s plunging stock markets affecting their retirement portfolio in the short term, but a potential slowdown in an economy hungry for natural resources could spell long-term trouble.
While the Greek debt crisis has grabbed many headlines, in the last month the Shanghai Composite Index has lost nearly a third of its value.
Finance professor Stephen Foerster of Western University’s Ivey School of Business says the sell-off won’t necessarily have a big impact on Canadian investors.
Canadians buy more goods from China than vice versa, he said, so even if Chinese consumers have less money to spend because of stock market losses it won’t have a major effect on exports.
“We have a substantial trade deficit,” he said. “From a Canadian perspective, it’s less of an impact compared with if the trade balance were the other way.”
On Wednesday, the Chinese securities regulator warned of a “panic sentiment” among investors as Beijing scrambled to halt the slide, buying up shares through state-owned companies and promising support for brokerages reeling from the sell-off…
While the Greek debt crisis has grabbed many headlines, in the last month the Shanghai Composite Index has lost nearly a third of its value.
Finance professor Stephen Foerster of Western University’s Ivey School of Business says the sell-off won’t necessarily have a big impact on Canadian investors.
Canadians buy more goods from China than vice versa, he said, so even if Chinese consumers have less money to spend because of stock market losses it won’t have a major effect on exports.
“We have a substantial trade deficit,” he said. “From a Canadian perspective, it’s less of an impact compared with if the trade balance were the other way.”
On Wednesday, the Chinese securities regulator warned of a “panic sentiment” among investors as Beijing scrambled to halt the slide, buying up shares through state-owned companies and promising support for brokerages reeling from the sell-off…
