All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
How to invest tax-free in a bitcoin ETF in Canada Sep 20th
Canada is one of the best places on Earth to invest in crypto. The regulatory environment here is crypto-positive, and Canada is on the cutting edge of crypto innovation—we were the first country to launch a crypto exchange-traded fund (ETF).
Another perk of crypto investing in Canada: yo.... More »
How to plan for retirement when you have no pension + MORE Sep 13th
In years past retirement planning was relatively easy. Fifty years ago, more than half of working Canadians, and an even higher proportion of men, could fall back on a corporate or union pension plan as their main source of income in retirement.
That’s no longer the case. Just 38% of paid work.... 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 »
30 and no pension: What are your options?
– moneysense.ca
Alexandre Crupi has a lot of expenses. The 31-year-old investment specialist at Steadyhand Investment Funds, along with his fiancee, are paying for a September wedding. Then there’s the cost of their forthcoming honeymoon. They hope some day to buy a house. On top of all that, Crupi doesn’t currently have a workplace pension plan.
Yet Crupi isn’t neglecting retirement. He’s maxing out his tax-free savings account (TFSA) and registered retirement savings plan (RRSP) contribution room to save for all of his long-term financial goals, including life in his golden years. In fact, Crupi’s been putting away money since he started working, and let it slowly accumulate across his various accounts. “There’s nothing better than the power of compounding,” he says. “The more you put away in your 20s and 30s, the more it can build and build and build for you.”
That said, saving for retirement in your 30s can be tricky. The average couple ties the knot for the first time at 35 years old, and pays anywhere from $22,000 to $30,000 for a wedding…
