Not sure how to make a retirement plan? Read on…
Latest News
Draft securities regulation would revise status of pension funds + MORE May 6th
New version of Capital Markets Stability Act open for public comment until July 6
.... More »
Suze Orman on why you should work until you’re 70, be careful giving money to your kids and sell your home sooner rather than later Mar 9th
Superstar personal finance guru Suze Orman, a frequent guest on the Oprah Winfrey Show, has some retirement advice just for Canadians.... More »
Why I’m taking OAS right at 65 + MORE Aug 19th
During the “Victory Lap” stage of life between full-time employment and traditional “no-nothing” retirement, a key strategy is deciding when to commence receipt of various streams of income.
This commonly occurs in one’s 60s. As you move from a salaried single stream of income to the “mu.... More »
How banning bottled water can backfire + MORE Apr 1st
Markus Mainka/iStock
Having announced Montreal will ban single-use plastic shopping bags as of Jan. 1, 2018, the city’s mayor, Denis Coderre, recently set his sights on his next target—erasing plastic water bottles from the city.
While the move drew hackles from beverage companies, it was cheere.... More »
This is what’s protecting your pension + MORE Sep 30th
As most people are well aware, job security in the private sector is often problematic in these days of corporate restructurings and mergers. This can extend even into the realm of employer pensions. It’s one thing to receive an inflation-indexed Defined Benefit pension sponsored by the government.... More »
Canadians are living longer than ever before. Most of us would consider that good news. But longer lives could pose new funding risks for many pension plans and their members.
Balancing financial priorities as parents
– moneysense.ca
Remember the line in Spiderman where Aunt May says, “You do too much…you’re not Superman, you know?”
Some parents think they’re Superman. Determined to set their children off on the right foot, they commit buckets of money to helping them achieve their goals. From private schools to smartphones, laptop computers and post-secondary education, even home down payments and on-going financial support, parents will dig deep to buffer their young’uns. Hey, I’m all for meeting your responsibilities to your children. After all, they didn’t ask to be born (or so I’ve been told). But some parents take “helping the kids” a tad too far.
When it comes to using your financial resources smartly, one of the trickiest aspects to master is balancing priorities. You want to provide a great place for your family to live. You want to create opportunities for your kids to have mind-expanding experiences. You want to plan for the future.
Planning for the future includes saving for school, getting the mortgage paid off, having some money set aside for retirement…
Some parents think they’re Superman. Determined to set their children off on the right foot, they commit buckets of money to helping them achieve their goals. From private schools to smartphones, laptop computers and post-secondary education, even home down payments and on-going financial support, parents will dig deep to buffer their young’uns. Hey, I’m all for meeting your responsibilities to your children. After all, they didn’t ask to be born (or so I’ve been told). But some parents take “helping the kids” a tad too far.
When it comes to using your financial resources smartly, one of the trickiest aspects to master is balancing priorities. You want to provide a great place for your family to live. You want to create opportunities for your kids to have mind-expanding experiences. You want to plan for the future.
Planning for the future includes saving for school, getting the mortgage paid off, having some money set aside for retirement…
Couple in 40s, see early retirement ahead
– thestar.com
Monday Makeover looks at a couple close to mortgage-free and 14 years from retiring, thanks to some prudent moves and good fortune.Mortgage news
– moneysense.ca
The CHMC is limiting guarantees it offers banks and other lenders on mortgage-backed securities which could in turn lead banks to raise interest rates on residential mortgages.
It’s official. Actuaries are now using updated tables that show we’re living roughly two years longer to calculate pension liabilities, says Towers Watson. So what does this mean for savers and investors? As life expectancy increases, employers will need to cover higher numbers of pensioners for longer periods of time, increasing pension liabilities and requiring larger pension contributions which could affect balance sheets fairly quickly. It also means workers with a defined-contribution plan could have to save more or delay retirement.
New time restrictions, fees and baggage requirements….Air Canada’s check-in crackdown needs fixing, writes Peter Nowak for Canadian Business.
It’s official. Actuaries are now using updated tables that show we’re living roughly two years longer to calculate pension liabilities, says Towers Watson. So what does this mean for savers and investors? As life expectancy increases, employers will need to cover higher numbers of pensioners for longer periods of time, increasing pension liabilities and requiring larger pension contributions which could affect balance sheets fairly quickly. It also means workers with a defined-contribution plan could have to save more or delay retirement.
New time restrictions, fees and baggage requirements….Air Canada’s check-in crackdown needs fixing, writes Peter Nowak for Canadian Business.
