All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Single, no pension? Here’s how to plan for retirement in Canada Jul 4th
Being single in retirement has some financial obstacles. Some people are single as they enter retirement. Others become single due to divorce or death prior to or after retiring. Here are some considerations for planning your retirement as a singleton, especially if you have no defined benefit (DB) .... More »
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 »
“Get to know and minimize the investing fees you pay”: Michael McCullough, MoneySense contributing editor + MORE Nov 1st
Financial writer and editor Michael McCullough has made a career of helping Canadians understand a wide range of money topics, from real estate to alternative investments. In addition to being a MoneySense contributor and contributing editor, Michael writes for The Globe and Mail and BCBusiness, and.... More »
What is RetireMint? The Canadian online platform shows retirement planning isn’t just about finances Sep 27th
I have to admit that when I first heard about RetireMint, it was the clever name that initially got my attention. At first glance, it seems like a misspelling of the ubiquitous term retirement. However, those who follow personal finance news and use the numerous tools and apps devoted to it will pro.... More »
Posthaste: Retirement out of reach for almost 40% of working Canadians over 50 - Financial Post Feb 1st
Posthaste: Retirement out of reach for almost 40% of working Canadians over 50 Financial PostPosthaste: Only about a third of Canadians over 50 say they can afford to retire Yahoo Canada FinanceRetirement ‘becoming unaffordable’ for many Canadians. What can they do? &n.... More »
If you’re retired or nearing retirement, or you’re a younger investor who wants stability in your portfolio, where should you consider investing when financial markets are suffering? Three sectors stand out for their relative stability in tough times: health care, utilities and brand leaders. Here’s how they can buffer your retirement savings, even during market turbulence.
1. Investing in the health care sector
The health care sector has many attractive qualities, especially for Canadian investors looking to protect their wealth during periods of market volatility while achieving growth over the longer term. The reason? The developed world’s aging population, a demographic force sometimes referred to as the “grey tsunami.”
“Health care is one of the very few areas of the market that’s really well positioned for the aging population dynamic,” says Paul MacDonald, chief investment officer at Harvest ETFs. “The macro-backdrop is very strong.”
This picture includes projections from the United Nations that roughly one-third of the populations of North America and Europe will be over age 60 by 2050…
