Not sure how to make a retirement plan? Read on…
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How to stay the course with your retirement plan during market volatility + MORE Apr 11th
Three days of wild market volatility sparked by U.S. tariffs is enough to cause any investor stress, but for those in retirement, the plunge can be extra difficult.
Markets have taken a nosedive after U.S. President Donald Trump’s announcement of sweeping global tariffs last Wednesday (April .... More »
Is now the time for retirees to sell stocks and buy GICs? + MORE Aug 2nd
Ask MoneySense
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
.... More »
Do you need a planner if you’re a DIY investor? May 23rd
In today’s digital age, there’s an increasing number of Canadians who choose do-it-yourself investing. Online brokerages and low-cost trading platforms allowed for a new style of investing to emerge: a new generation of DIYers. We’ve seen a shift in the financial planning industry. Well, self-.... More »
Online “finfluencers” grow up + MORE Jul 4th
If you’re someone near or at retirement, has a column like the one you’re now reading ever “finfluenced” any of your financial decisions? Increasingly, many Canadian investors are turning to a new generation of voices online, a trend that regulators are starting to watch more closely.
.... More »
Stock news for investors: Cenovus boosts MEG Energy stake to 9.8% Oct 18th
Here’s a round-up of news for Canadian investors this week.
Cenovus-MEG Energy
Parkland-Sunoco
Cineplex
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings wi.... More »
Ask MoneySense
I have a brain injury and I’m collecting CPP disability of $15,000 a year, along with a workplace disability income of $16,000 a year. I am 61 years old, married, and I can’t figure out if I should retire now and start my pension or wait until I turn 65. My pension projections show that, if I retire now, I will get $29,905 a year, indexed, dropping to $20,034 a year at age 65. If I wait to start my pension at age 65, I’ll get $23,034 a year. I’m told that if I retire now and start my pension, my workplace disability income will stop. But I’m not sure what will happen to my CPP disability pension. Should I retire now and start my pension or wait until age 65?
I have a brain injury and I’m collecting CPP disability of $15,000 a year, along with a workplace disability income of $16,000 a year. I am 61 years old, married, and I can’t figure out if I should retire now and start my pension or wait until I turn 65. My pension projections show that, if I retire now, I will get $29,905 a year, indexed, dropping to $20,034 a year at age 65. If I wait to start my pension at age 65, I’ll get $23,034 a year. I’m told that if I retire now and start my pension, my workplace disability income will stop. But I’m not sure what will happen to my CPP disability pension. Should I retire now and start my pension or wait until age 65?
—Wilma
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What happens to disability benefits when you retire?
Wilma, to summarize, I will try to answer these two questions for you:
Will your Canada Pension Plan disability income (CPP DI) continue once you retire and start your pension? And, should you start your pension now, knowing that your workplace disability income will stop?
Do you lose disability when you retire?
Let’s deal with your CPP question first…
