Strong stock markets continue to lift pension plans + MORE Apr 3rd

Ontario Teachers’ Pension Plan, one of Canada’s biggest pension fund, posted a benchmark-beating return of 10.9% last year, fueled by surging equity markets.

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Event information:
Thursday, May 15, 2014
The Toronto Board of Trade, 77 Adelaide Street West
First Canadian Place, Suite 350
Toronto, ON M5X 1C1
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Join Canada’s leading personal finance experts for a must-attend evening of wealth-building guidance. Covering retirement to real estate, savings to investment, learn everything you need to know to be rich at any age.
Speakers
David Chilton
Dragon’s Den star and author of The Wealthy Barber
Bruce Sellery
MoneySense contributor and author of Moolala
Jonathan Chevreau
MoneySense editor and author of Findependence Day
Plus…
Norm Rothery, Ph.D., CFA, founder of StingyInvestor.com
Dan Bortolotti, MoneySense editor-at-large and blogger at canadiancouchpotato.com
Pat Bolland, MoneySense columnist and host of Straight Talk on Sun News Network
Preet Banerjee, MoneySense writer and blogger at WhereDoesAllMyMoneyGo…

Many women picture their retirement years as a time when they will have more time to spend with their spouse or partner. The reality is that many senior women are living single in retirement. Without a carefully thought out financial plan in place, you may find that your “Golden Years” not be quite as shiny as you had originally hoped for or anticipated.
The life expectancy for Canadian men is 78.3 years for men and 83.0 years for women. It’s not unreasonable to assume that many women will spend at least a few years on their own. Almost 50 percent of women over the age of 65 are widows and this number increases to 75 percent of women in the 75-and-older age group. The average age when a woman loses her spouse or partner is 56.
Living Single in Retirement Through Divorce
With approximately 40 percent of first marriages ending in divorce, being part of a couple is no hedge against marriage breakdown. The divorce rate for women between the ages of 55-64 is close to eight percent…

The survey of more than 275 plans found a median solvency funded ratio of 95.4 per cent at March 27, up two percentage points last year and 21 points higher than a year ago.

Many people choose to stay on the job past the normal retirement age, including Canada’s new finance minister Joe Oliver (soon to be 74).