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Hydro One shares down after Ontario government says CEO, board out Jul 14th
Shares of Hydro One Ltd. slid Thursday with some analysts sounding warnings of greater uncertainty after the new Ontario government announced the retirement of the electrical utility's chief executive and the replacement of its board of directors..... 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 »
RRSP or TFSA? Here’s the simple and definitive answer Jan 20th
Should you save for retirement in an RRSP or a TFSA? For many high earners, an RRSP is your best bet, writes David Aston.... More »
Piper makes a good buck as a lawyer but still has piles of school debt. Is her dream of owning a downtown Toronto condo realistic? + MORE Jan 25th
Financial adviser Jason Heath says Piper needs to get her debt and expenses under control before even thinking about home ownership and retirement.... More »
How much has the pandemic hurt your retirement plans? We delve into the retirement portfolios of two couples hit hard by COVID-19 to see what damage was done + MORE Feb 16th
We start with Deborah and Daryl Burton, a Toronto twosome in their early 70s who both contracted COVID-19 early in the pandemic..... More »
Timing CPP and OAS with workplace pensions
– moneysense.ca
Q: My husband is retired military and will turn 60 this year. He’s been told by his military buddies that he should apply soon for his CPP as then he can receive it and the bridge for the next five years. I thought he should be delaying on taking his CPP but perhaps it’s the OAS he should delay? Or neither?
—Evelyn
A: Some financial decisions can be tougher to make than others. You need to navigate advice from friends, professionals, and the media, as well as your own fears and biases. I often have people ask me very broad financial questions and my answer tends to be: “it depends.” I feel you should educate yourself and then evaluate the pros and cons, making the decision in large part based on what’s best for you. Sometimes, this differs from the advice of friends, professionals and the media. And that’s ok.
Your husband’s military buddies, Evelyn, may have made the best decision for themselves and are certainly entitled to share their opinions. These opinions help you form your own…
