Not sure how to make a retirement plan? Read on…
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Should Kathy take monthly payments or the commuted value of her pension? + MORE Jun 15th
Q. I am torn about making a key financial decision in my life. First, a little about myself. I worked for about seven years (actually, six years and 360 days) as a teacher in the Arctic. I resigned this year and have returned to the “south.”
Now, I have about a year to decide whether I cash out .... More »
Can you receive a government pension if you live outside of Canada? Jul 20th
Q. My father, who was born in 1945, left Canada to live in Thailand when was 26 years old. That was 50 years ago and he has never returned. If he comes back to Canada for one year to apply for his OAS, would he be eligible to receive a full pension? And would they be able to calculate his pension an.... More »
Shakespeare's Uncomfortable Message for Baby Boomers Oct 28th
‘King Lear’ confronts the challenges of the empty nest, retirement and facing one’s own mortality..... More »
The best RRSPs in Canada for 2023 + MORE Jan 4th
Registered retirement savings plans (RRSPs) are often described as “tax-advantaged,” meaning they offer tax-efficient ways for savers and investors to build wealth for the future, usually for retirement. To maximize their potential, you must understand how RRSPs work compared to other registered.... More »
How to keep your holiday spending in check Dec 2nd
According to Equifax Canada data, there was a 1.9% rise in total debt per consumer at the end of the second quarter in 2019. Unsurprisingly, a recent survey commissioned by Equifax also found that 55% of Canadians say they’ll be spending less on holiday gifts this year. Hmm, I wonder why that.... More »
They’re poised for retirement, but don’t know when that will be
– theglobeandmail.com
Hank and Hennie plan to sell their city home and move to a less expensive town when they retire. Ideally they'd like to hang up their hats at the same time, but how feasible is that?
Books you need to read before retirement
– moneysense.ca
(Pexels.com)In the last six months, at least three new Canadian books have been published that bear the word “Retirement” in their titles (counting the one I co-authored with Mike Drak.). I’ll leave it to others to review Victory Lap Retirement (indeed, it was excerpted in MoneySense last summer) but am happy to review the others, since they all provide valuable input to retirees and would-be retirees who read this column.
Let’s start with Create the Retirement You Really Want, by veteran financial advisor Clay Gillespie of Vancouver-based Rogers Group Financial. Over the years of covering the personal finance and retirement beat, Clay has always been a useful journalistic source. His new book takes the “Pseudo Novel” format that many others have adopted in the wake of David Chilton’s perennially best-selling The Wealthy Barber (including myself in Findependence Day).
Should I use my RRSP to pay down debt in retirement? »
Such books seldom read like Ludlum thrillers but if you ever wanted to be a fly on the wall for conversations between financial advisors and their clients concerned about retiring, Gillespie provides the next best thing…
Bank of Montreal says chief executive Bill Downe plans to retire on Oct. 31.
