How to go about securing the best Retirement Plan in Canada.
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Best high-interest savings accounts in Canada 2021 + MORE Aug 31st
Generally savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest is a no-brainer.
However, whe.... More »
RRSP withdrawals in your 40s Oct 7th
Q: I’m a federal government employee and was thinking about take some time and using my RRSPs to live on during that time (1 year). My bank said I could turn my RRSPs into a RRIF and withdraw monthly from that for income. I’m only 40. Is this possible? I’ve read online that you m.... More »
Barbie ready for retirement? Slumping sales again hurt Mattel + MORE Oct 15th
Barbie still looks great after 56 years, but her slumping sales might force her into retirement..... More »
The best RRSPs in Canada for 2023 + MORE Jan 4th
Registered retirement savings plans (RRSPs) are often described as “tax-advantaged,” meaning they offer tax-efficient ways for savers and investors to build wealth for the future, usually for retirement. To maximize their potential, you must understand how RRSPs work compared to other registered.... More »
Bear markets: What’s a long-term investor supposed to do right now? + MORE Jul 13th
My mutual funds are doing terribly, and I know they always say that it is better to stay the course and ride out this market crash and whatever. But I’ve been thinking about divorcing my big bank for awhile now. I have RRSP with mutual funds that have high management fees with RBC, slightly b.... More »
Man wins lottery after surviving lightning strike
– moneysense.ca
(Courtesy Twitter / @GMA)Relying on chance to fund your retirement dreams doesn’t work for most Canadians, but one Nova Scotia man may be the miraculous exception.
Peter McCathie won the $1 million lottery jackpot this week with a co-worker years after being struck by lightning at the age of 14 during a boat trip.
How to win the lottery »
According to CTV News, the odds of being struck by lightning are less than one in a million and the odds of winning the Atlantic Lotto 6/49 is one in nearly 14 million.
Somehow, McCathie managed to experience both. Oddly enough, his daughter was also hit by lightning years ago while working in the Manitoba wilderness as a guide.
The combined odds of McCathie’s bizarre situation are apparently 1 in 2.6 trillion.
What happens when you invest your spare change »
On top of that, he happens to own the store in which he bought the ticket, so the Atlantic Lottery Corporation is awarding him an extra $10,000.
With his jackpot win, McCathie plans to take his wife on a second honeymoon…
PSP ramps up international expansion, reshapes strategy on strong results
– theglobeandmail.com
Public Sector Pension Investment Board, which invests pension funds for federal civil servants expects assets to double within a decade
