How to go about securing the best Retirement Plan in Canada.
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Watch: 4 things to consider before putting your money in a TFSA or RRSP Sep 28th
You know both can help lower how much income tax you pay—both are registered accounts, after all—but how do you decide whether to put your money into a tax-free savings account (TFSA) or a registered retirement savings plan (RRSP)? Watch this video to learn about the four things to consider befo.... More »
Ladies, start saving 20 per cent for retirement Apr 28th
Women can unlock their financial potential by growing their financial confidence..... 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 »
Should you buy back pension service from your employer? Jun 22nd
While defined benefit (DB) pensions are the Cadillac of retirement plans, they also entail a unique set of decisions. Buybacks are one of them.
There are a few ways to build up the value of your DB pension: by working to accumulate years of “pensionable service,” of course; by transferring servi.... More »
3 sectors to consider investing in when the stock market is volatile May 3rd
If you’re retired or nearing retirement, or you’re a younger investor who wants stability in your portfolio, where should you consider investing when financial markets are suffering? Three sectors stand out for their relative stability in tough times: health care, utilities and brand leaders. He.... More »
REIT investing: The risks of chasing returns
– moneysense.ca
Q: My wife and I are both retired. She is 70 and I am 76. Our residential house is paid off and so is our rental condominium which gives us a net income of about $5,000. We have cash investments of about $650,000 at a financial institution which has not done well the past year, giving a return of below 1% for the year, but has somewhat improved.
My RRIF of about $300,000 has done well in a private REIT. The returns are very good. My wife has her RRSP there as well and we plan on converting that to RRIF next year and stay with the same REIT. We recently transferred our TFSA there. In total we have about $850,000 in Private REITs. They return on average 8% not including the rise in unit value of the shares.
Is this worrisome? What should I do differently?
—K
A: Thanks for your question, K. I have a few thoughts I’ll share.
First, I want to point out a fundamental investment error I see people make with their Registered Retirement Income Funds (RRIFs). The minimum withdrawals at your age 76 is 5…
Morneau Shepell defends its dealings with Ottawa amid minister’s controversy
– canadianbusiness.com
The human resources and pension management firm at the centre of the conflict-of-interest controversy raging around Finance Minister Bill Morneau has itself joined the debate.
In a statement today, Morneau Shepell is refuting opposition claims that it has benefited from having its former executive chairman sitting at the Liberal cabinet table.
Political rivals have called on the federal ethics watchdog to investigate Morneau for spearheading pension reform legislation that could benefit Morneau Shepell and, through his personal holdings, the minister himself.
But the company says it wasn’t consulted on Bill C-27, even though it has stated its support for the concepts in the proposed legislation.
Morneau Shepell also says it wouldn’t expect to see a benefit from Bill C-27, since it would simply give federally regulated pension plans the option to use target-benefit plans, but not require them to do so.
The company also responded to media reports that suggest Morneau Shepell obtained and renewed contracts with the federal government after the Liberals won power…
In a statement today, Morneau Shepell is refuting opposition claims that it has benefited from having its former executive chairman sitting at the Liberal cabinet table.
Political rivals have called on the federal ethics watchdog to investigate Morneau for spearheading pension reform legislation that could benefit Morneau Shepell and, through his personal holdings, the minister himself.
But the company says it wasn’t consulted on Bill C-27, even though it has stated its support for the concepts in the proposed legislation.
Morneau Shepell also says it wouldn’t expect to see a benefit from Bill C-27, since it would simply give federally regulated pension plans the option to use target-benefit plans, but not require them to do so.
The company also responded to media reports that suggest Morneau Shepell obtained and renewed contracts with the federal government after the Liberals won power…
The current plight of Sears Canada retirees has left many wondering why some pension plans are underfunded, why they are not given priority in the event of a bankruptcy and what could be done to better protect pensioners under the law.
The human resources and pension management firm at the centre of the conflict-of-interest controversy raging around Finance Minister Bill Morneau has itself joined the debate.
