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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 »
2022 Income Tax: New tax credits for Canadians Nov 30th
It’s that time again… to get all your paperwork ready for tax season. We all know about having our T4 and registered retirement savings plan (RRSP) contribution statements ready, but what about the new tax credits for the 2022 tax filing season? What are they and how do they work? Don’t wo.... More »
Should I draw down my RRIF to avoid estate taxes? + MORE Apr 25th
Ask MoneySense
Is it a good idea to withdraw more money monthly than one needs from one’s RRIF? What about beginning a regularly automated transfer of this extra money to one’s non-registered investments so that there is less money in the RRIF account upon death? As a result, the estate will be .... More »
The best ETFs for retirement income + MORE Aug 24th
While exchange-traded funds (ETFs) are appropriate for investors of all ages and life stages, they make particular sense for retirees and those close to retiring. Things like quick and easy broad diversification of asset classes and geographic exposure at a reasonable price are especially relevant w.... More »
Stock news for investors: Groupe Dynamite and Empire Co. release earnings + MORE Jun 20th
Here’s a round-up of news for Canadian investors this week.
Groupe Dynamite
Empire Co.
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 2.00% interes.... More »
Many retirees and near-retirees are enthused about the June 1 release of Purpose Investments Inc.’s Longevity Pension Fund. (For the sake of space, we’ll refer to it as LPF henceforth.)
Taking on the challenge of providing retirement income for the vast army of people who don’t have classical defined benefit pension plans, Purpose CEO Som Seif and his team appear to have found a way to offer at least some of the secret sauce of traditional DB pensions.
According to Purpose’s documents, retirees’ biggest fear is: “Will my money last?”
Their LPF solution involves mortality credits that improve the odds that retirees who opt in will never run out of income before running out of life.
Somewhat reminiscent of the classic tontine structure championed by famed finance professor Moshe Milevsky (see this MoneySense article from three years ago), the idea is for less fortunate retirees who die sooner than they’d like to subsidize those gifted with longevity.
Retired actuary and retirement expert Malcolm Hamilton describes the LPF as “quite an ambitious undertaking…
Taking on the challenge of providing retirement income for the vast army of people who don’t have classical defined benefit pension plans, Purpose CEO Som Seif and his team appear to have found a way to offer at least some of the secret sauce of traditional DB pensions.
According to Purpose’s documents, retirees’ biggest fear is: “Will my money last?”
Their LPF solution involves mortality credits that improve the odds that retirees who opt in will never run out of income before running out of life.
Somewhat reminiscent of the classic tontine structure championed by famed finance professor Moshe Milevsky (see this MoneySense article from three years ago), the idea is for less fortunate retirees who die sooner than they’d like to subsidize those gifted with longevity.
Retired actuary and retirement expert Malcolm Hamilton describes the LPF as “quite an ambitious undertaking…
