There are plenty of retirement plan options in Canada! Stay on top of the best plans right here.
‘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. I’m a 23-year-old who just graduated with a Masters degree and I have $30,000 in student debt ($20,000 provincial, $10,000 federal). I also just got a job with an annual salary of roughly $60,000. My question is what is the best way to invest my money (index mutual fund, stocks, online Rob.... 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 »
Q: My wife and I are both 40 and have two kids—ages 5 and 7. We are considering buying a joint last-to-die life insurance policy that would cost a fixed $7,105 per year for ten years. That’s a total of $71,050 and the policy would pay $500,000 when the last of us dies. This is a proposition.... 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…