Canada 10th for retirement security worldwide + MORE Jul 22nd

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Can Questrade really save you 30%? Dec 9th

Questrade’s latest marketing campaign is turning a lot of heads, not for their design, but for the blunt questions they’re asking. “Are mutual funds costing you 30% of your retirement?” screams one of the ads. “Why do Canadians pay the highest mutual fund fees in the world?” shouts anoth.... More »
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Women, here’s how to save more for retirement — or you’ll live to regret it + MORE Mar 2nd

The right adviser and the right habits can impose discipline, writes Lesley-Anne Scorgie..... More »
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What’s the Rule of 30? And what does it have to do with income and retirement? + MORE Oct 26th

If you’ve never heard of the Rule of 30, welcome to the club. You may be hearing about it more though. This month, retirement expert and semi-retired actuary Fred Vettese is publishing a new book: The Rule of 30: A Better Way to Save for Retirement (ECW Press, 2021).  I thought initially t.... More »
 retirement savings plan

Most Canadians don’t understand the CPP + MORE Jan 27th

OTTAWA – Internal evaluations of the Canada Pension Plan show the retirement system is poorly understood by most of the public — a problem retiree Evan Brett avoided only through luck and meticulous record keeping. The 76-year-old realtor and his wife Latifah dove into their files at their Langl.... More »
 retirement savings plan

More Canadians are pressing pause on retirement savings to pay for things now. Just how long should you do that? The answer may surprise you + MORE Jun 1st

Be aware of the setbacks of putting saving for the future on the back burner in the face of high inflation, experts caution..... More »
Canadians worrying about the state of their retirement savings can enjoy some good news this week: Canada has been ranked 10th in the 2016 Global Retirement index, up from 12th last year. The annual ranking, by Natixis Global Asset Management, compares the state of retirement security in 43 countries around the world. The ranking placed Norway, Switzerland and Iceland in the top three slots, the United States at 14, with Brazil, Greece and India rounding out the bottom of the list.
The news comes just a few weeks after Canada’s finance ministers agreed to an expansion of the Canada Pension Plan. “When you look at what is driving these results for Canada, we can point to some things that are clearly working, and some things on the horizon that it would be good to address now,” says Ed Farrington, executive vice president for retirement at Natixis. “What we’re hoping is that this ranking will provide policy makers, employers and individuals with information to use moving forward with planning for retirement savings programs…

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Should I trust my advisor or accountant?(Martin Barraud/Getty Images)
Q: We seem to be in a financial dilemma. Different perspectives on RRSPs at a time when my husband is retired and I am going to retire. He has a pension, I do not. The accountant is of the opinion that we should start converting our RRSP monies into cash, which is what I anticipated we would do upon retirement. Our financial advisor [feels] that we should deplete our savings completely and then turn to our RRSP fund at RRIF age [of 71].
Where do I turn to get solid financial advice as I feel that we need an investment advisor however I am uncertain whose interests are being looked after.
—Lea
A: It’s tough making financial decisions when you get conflicting opinions. But it’s not uncommon. One of the problems with generic or rule of thumb advice, however, is that it doesn’t necessarily apply to you, no matter who is giving it. So let’s focus in on some of the specifics in your case, Lea.
First off, assuming your husband’s pension is a defined benefit pension plan, he’s eligible to split up to 50% of his pension income with you on his tax return…

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