The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Am I required to divide my pension with my ex? May 25th
Am I required to divide my pension with my ex? If I do divide it, how will it affect my pension when I retire?
FPAC responds:
Under the Canadian rules that govern the division of property between married couples who separate, you are required to equally split all assets grown and contributed t.... More »
Could selling a vacation property affect government pensions? Sep 2nd
Q. I was wondering what would happen if I sold my mobile home this year for $100,000. Currently, I receive Canada Pension Plan, Old Age Security and Guaranteed Income Supplement benefits totalling about $1,800 a month. Would the sale affect my pensions?
–Colleen
A. When you sell what is known as .... More »
'You win games with guys like that': Sherwood shines as Canucks bounce back - Sportsnet.ca Dec 17th
'You win games with guys like that': Sherwood shines as Canucks bounce back Sportsnet.caCanucks take on the Utah Hockey Club after Sherwood's hat trick SooTodayInstant Reaction: Sherwood’s first NHL hat trick propels Canucks to 3-1 win over Avalanche Canucks ArmyFe.... More »
Is now the time for a long-term investor to abandon stocks? + MORE Oct 12th
With the current volatility of today’s market, I have seen my LIRA investment bounce up to almost $90,000 earlier this year, to almost $20,000 less today. That said, it is in a medium- to high-risk portfolio at the moment.
With any luck, I probably still have approximately 18 more years I coul.... More »
What is the Saskatchewan Pension Plan? May 12th
The Saskatchewan Pension Plan (SPP) was introduced in 1986 and was originally intended to help part-time workers, the self-employed, or others without access to a pension to save for retirement. Over time, it has evolved and become more appealing to both individuals and businesses.
Who can .... More »
Is the 4% Rule obsolete?
– moneysense.ca
Over the half decade I’ve written this column and attempted to practice what it preaches, a central pillar has been the so-called 4% Rule. As originally postulated by Certified Financial Planner and author William Bengen, that’s the rule of thumb that retirees can safely withdraw 4% of the value of their portfolio each year without fear of running out of money in retirement. (That’s the gist, although you have to make adjustments for inflation.)
Problem is, with “lower for longer” interest rates and the spectre of negative interest rates, is it still realistic for retirees to count on this guideline? Personally, I find it useful, even though I mentally take it down to 3% to adjust for my own pessimism about rates and optimism that I will live a long, healthy life. I polled several sources to see if they still believe in the 4% Rule, or whether a 3% or even 2% rule might be more appropriate now.
“I think the 4% Rule is a reasonable rule of thumb,” says financial planner Aaron Hector, vice-president of Calgary-based Doherty & Bryant Financial Consultants…
Problem is, with “lower for longer” interest rates and the spectre of negative interest rates, is it still realistic for retirees to count on this guideline? Personally, I find it useful, even though I mentally take it down to 3% to adjust for my own pessimism about rates and optimism that I will live a long, healthy life. I polled several sources to see if they still believe in the 4% Rule, or whether a 3% or even 2% rule might be more appropriate now.
“I think the 4% Rule is a reasonable rule of thumb,” says financial planner Aaron Hector, vice-president of Calgary-based Doherty & Bryant Financial Consultants…
