How to go about securing the best Retirement Plan in Canada.
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Should you be worried about retirement? If you don’t have a pension, you probably should + MORE Feb 24th
A new survey reveals that many Canadians suffer from an appalling lack of knowledge when it comes to retirement planning, writes Gordon Pape..... More »
Stock news for investors: Dollarama, Transat and Roots release earnings Jun 13th
Here’s a round-up of news for Canadian investors this week.
Dollarama
Transat
Roots
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 2.00% interest, t.... More »
Extreme retirement isn’t for everyone Jan 15th
(Thomas Barwick/Getty Images)
My recent column on planning for longevity attracted some good counterpoints from readers. In it, I suggested that with life expectancy rates steadily on the rise, people shouldn’t get too hung up on early retirement.
However, I recognize that my own preference to “.... More »
Registered vs unregistered accounts: Where retirees should make withdrawals + MORE May 25th
Ask MoneySense
We are in the age bracket where we need to take RRIF withdrawals every year. I am 81, and my husband is 82. We also have an unregistered account. We need to withdraw additional money to pay our expenses. We have already taken the mandatory withdrawal for this year from our RRIF. .... More »
How much are withholding taxes on RRSPs and RRIFs? Jun 15th
I need to withdraw $6,600 from my RRIF over the next six months. This amount is in addition to my annual minimum. If I do the withdrawals in six monthly amounts of $1,100 (total of $6,600), will the tax withholding rate be 10% on each $1,100, or will it be a higher rate on the total $6,600 over the .... More »
It’s Time to Redefine the “Ideal” Retirement
– rhondasherwood.com
Do you ever watch old television programs and marvel at “the way things used to be”? They depict situations and values that were normal at the time the shows were made, which don’t seem relevant today. The idea of working for one employer for your entire working life, retiring with a company pension and then having a relatively short retirement before you pass away has gone the way of black and white television sets and big, gas-guzzling cars. The new reality is much different, and it’s time to redefine our ideas about the “ideal” retirement.Longer Life Expectancy a Factor in Retirement
Baby Boomers who are reaching retirement age can reasonably expect to live for several years after they stop working. This generation could be looking at a retirement that could last for 20 years (or more). Not only are people living longer, but they are living healthier lives. Today’s seniors are vital and engaged. They are not content to putter around the house or spend time on the golf course…
Rising rates, strong markets help pension funds improve
– thestar.com
The health of Canadian defined benefit pension plans improved in the third quarter, boosted by strong returns on the stock markets and rising long-term interest rates.
Alfredo and Theresa need to rein in their spending to save for a comfortable retirement.
