There are plenty of retirement plan options in Canada! Stay on top of the best plans right here.
Canada Pension Plan Investment Board says its main fund grew to $366.6 billion of net assets at the end of June, up $10.5 billion from the end of March..... More »
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 »
‘King Lear’ confronts the challenges of the empty nest, retirement and facing one’s own mortality..... More »
There are steps you can take to make sure you don’t outlive your retirement savings, writes Ellen Roseman..... More »
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?
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…