Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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How to boost your retirement income by 50% + MORE Nov 18th
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If you were told there was a way to boost your income in retirement by 50% it would no doubt get your attention. It certainly got my attention, in a paper in a recent issue of the Journal of Retirement. The paper was co-authored by one of MoneySense’s panelists for the annual ETF All Stars.... More »
Can I receive a share of my ex’s military pension? + MORE Dec 16th
Q: I was married to a Navy man, went through mediation and it was in our divorce settlement that I was entitled to receive half of his military pension. I thought I had to wait until he turned 65 to be entitled to half but I’ve been told that as soon as he left the Navy he was getting his pension..... More »
How to calculate the taxable amount for a cashed-in whole life insurance policy + MORE Apr 19th
Ask MoneySense
I cashed in my whole life insurance policy last year and received a T5 suggesting I have to pay tax on the full amount of my cash value. Is this correct? The cash surrender value was $27,000, I paid $28,000 in premiums, and they told me my pure cost of net insurance was $30,000, whate.... More »
In the years leading up to retirement, an updated financial plan is key: Experts + MORE Jun 29th
Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
In the years leading up to retirement, an updated financial plan is key: Experts - thestar.comContinue Reading On thestar.com »
How to become a digital nomad—and not g.... More »
What’s my RRSP contribution limit? Nov 15th
Find out your current registered retirement savings plan (RRSP) contribution limit by using this calculator.
RRSP contribution rules highlights
Your RRSP contribution limit is based on the maximum annual RRSP contribution room set by the Canadian government, the earned income you had d.... More »
German airline Lufthansa lowers profit forecast for 2015 over global economic concerns
– canadianbusiness.com
FRANKFURT – German airline Deutsche Lufthansa AG has lowered its profit forecast for 2015 over concerns that the global economy may experience a downturn next year.
Lufthansa had previously said it expected an operating profit of 2 billion euros ($2.55 billion) in 2015, but now estimates the result will be “significantly” above this year’s predicted profit of 1 billion euros.
The airline said in a statement Thursday that the revision was “mainly due to a general downturn in the forecasts for global economic growth compared to earlier in the year.”
It says the result will also be affected by higher pension costs.
Lufthansa kept its profit guidance for this year, despite strike-related costs of 170 million euros.
Shares in Lufthansa were down almost 5 per cent at 11.70 euros on the Frankfurt exchange.
The post German airline Lufthansa lowers profit forecast for 2015 over global economic concerns appeared first on Canadian Business.
Lufthansa had previously said it expected an operating profit of 2 billion euros ($2.55 billion) in 2015, but now estimates the result will be “significantly” above this year’s predicted profit of 1 billion euros.
The airline said in a statement Thursday that the revision was “mainly due to a general downturn in the forecasts for global economic growth compared to earlier in the year.”
It says the result will also be affected by higher pension costs.
Lufthansa kept its profit guidance for this year, despite strike-related costs of 170 million euros.
Shares in Lufthansa were down almost 5 per cent at 11.70 euros on the Frankfurt exchange.
The post German airline Lufthansa lowers profit forecast for 2015 over global economic concerns appeared first on Canadian Business.
In retirement, is dental insurance worth the bite?
– thestar.com
Many people wonder if they should buy dental insurance in retirement. For those with discipline, the answer for many may be no.Money in retirement: Don’t rely on the kids
– moneysense.ca
A recent TD Wealth survey on providing care to aging parents struck a cord on a couple of levels, at least for me. For those who missed it (it came out the day of the Ottawa shootings last week) TD found two-thirds of Canadians between the ages of 40 and 60 expect they will have to provide care for their aging parents at some point. One in five already provide financial help to their parents or expect they will have to in due course. TD went on to say many Canadian “pre-retirees” also want to avoid putting their own children in the same situation. (You know the stoical stance of the self-reliant elder who “doesn’t want to be a burden” on their children).That struck me as quite ironic. As the parent of a 23-year-old who alternates between travel, freelance promotional jobs and short stints at home, the last thing we’re planning for is depending on her for financial support in our old age. Of course, all four of the grandparents in our family have passed away, so we tend to look at this intergenerational dynamic in a different way than TD’s intended audience: those still working and whose parents are still alive…
Six-in-ten Canadians are putting money away for retirement — but most don’t feel they have saved enough, a new study found.The high cost of taking money out of your RRSP: Mayers
– thestar.com
The rules governing the conversion of RRSPs into RRIFs are out of date and may be hurting people in their old age.
