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Compare the best savings accounts in Canada for 2023 + MORE Aug 4th
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The best savings accounts in Canada for 2023
Here are the best accounts to hold your savings.
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Scan the savings account comparison table above to view interest rates offered by financial institu.... More »
Taylor Swift Invests in Discounted Closed End Funds. Should You? May 18th
Taylor Swift is often called one of the savviest businesspeople in the music industry. And, in another demonstration of her money smarts, it was recently revealed that the 33-year-old pop superstar invests in a niche, elite investor-approved type of mutual fund.
Last weekend, Boaz Weinstein.... More »
Police in Australia identify the Sydney stabbing attacker who killed 6 people - The Globe and Mail Apr 14th
Police in Australia identify the Sydney stabbing attacker who killed 6 people The Globe and MailOfficer, bystanders hailed for confronting and stopping a man who killed 6 at a Sydney shopping mall CityNews TorontoDetails emerge about Bondi killer Joel Cauchi The Aust.... More »
Nintendo expects to sell 21 million Switch consoles this year - Al Jazeera English May 10th
Nintendo expects to sell 21 million Switch consoles this year Al Jazeera EnglishNintendo FY2022 results (Switch hits 107 million sold) GoNintendoNintendo Switch Has Now Sold Over 107 Million Units Nintendo LifeNintendo announces 10-1 stock split; sees Switch sales fa.... More »
The Triple Threat of a Triple Bottom Line Dec 19th
If you hadn’t noticed already, Canada’s workforce is changing. It’s expected that by 2030, nearly 30% of it will be made up of Gen Z employees—bringing to the office greater expectations for social good and the triple bottom line. Among mental health, climate change and other social issues i.... More »
If you’re a typical reader of this column, I’m guessing retirement is on the near-term horizon for you, or already arrived in the form of “semi-retirement.” And if you’ve diligently saved in registered and taxable plans all these decades but lack an employer-sponsored defined benefit (DB) pension plan, you may be greeting the prospect of foregoing continued employment income with some trepidation.
Interest rates have never been lower, meaning your safe fixed-income investments (like GICs) pay you practically nothing in terms of real, inflation-adjusted retirement income. Dividend-paying stocks pay better, especially after taxes if they’re Canadian stocks, but after stock-market scares of 2008 and March 2020, an overweight position in stocks is hardly going to let you sleep at night the way a taxpayer-guaranteed, inflation-indexed DB pension is going to.
Sadly, such pensions are increasingly rare in the private sector. So what to do? I’d consult the newly revised edition of his book Retirement Income For Life by retired actuary Fred Vettese…
Interest rates have never been lower, meaning your safe fixed-income investments (like GICs) pay you practically nothing in terms of real, inflation-adjusted retirement income. Dividend-paying stocks pay better, especially after taxes if they’re Canadian stocks, but after stock-market scares of 2008 and March 2020, an overweight position in stocks is hardly going to let you sleep at night the way a taxpayer-guaranteed, inflation-indexed DB pension is going to.
Sadly, such pensions are increasingly rare in the private sector. So what to do? I’d consult the newly revised edition of his book Retirement Income For Life by retired actuary Fred Vettese…
