How to go about securing the best Retirement Plan in Canada.
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How to plan for retirement when you have no pension Nov 22nd
In years past retirement planning was relatively easy. Fifty years ago, more than half of working Canadians, and an even higher proportion of men, could fall back on a corporate or union pension plan as their main source of income in retirement.
That’s no longer the case. Just 38% of paid work.... More »
Should you withdraw from non-registered or TFSA investments in retirement? Mar 8th
Ask MoneySense
I have stocks in my TFSA as well as some that are non-registered. I am at the point in my life (retired) now that I’d like to begin selling them and using the money. Do I sell from the TFSA account or just from the non-registered portfolio?—Catherine
TFSA versus non-registered.... More »
How to double your CPP income Apr 25th
A series of academic papers being rolled out by the National Institute on Ageing (NIA) has added fuel to the oft-argued case for delaying benefits for the Canada Pension Plan (CPP) to the latest possible age: 70.
As I reported on my own site, when an introduction and ove.... More »
Can Canadian seniors collect government benefits while still working? + MORE May 26th
Q. This fall, I will celebrate my 65th birthday, and plan to reduce my work hours to three days a week, from my current full-time hours now. I also plan to begin collecting my Canada Pension Plan and Old Age Security benefits—but, at the same time, I want to avoid being taxed on my income if possi.... More »
Mapping out a clear path for your investments at retirement May 11th
Q. I retired last year at age 60 and am fortunate to have defined benefit pension, which I can live off comfortably.
I have accumulated some savings, which I am now looking to invest more productively. My risk tolerance is on the low end—a 2 out of 5 based on an online survey I completed. My goal .... More »
Learning the budget basics
– moneysense.ca
(Photograph by Erik Putz)We invited our readers in January to take an active role by writing to us and explaining in a few sentences why they needed a personalized money makeover with a MoneySense Approved Financial Advisor. We got close to 400 letters and, in the end, chose two couples and a single person with financial concerns that anyone can relate to. Click here to see the lessons they learned.
Lindsay’s financial dilemma
Everyone struggles at some point with paying off debt and learning to save for the future. Lindsay Tithcotte, a 30-year-old engineering consultant from Kamloops, B.C., was no different. At the start of the year, she earned $71,000 annually, owned an affordable $150,000 condo and already had $46,000 of investments amassed in her RRSP and TFSA. Her goal? To achieve financial balance. At the time, Lindsay was saving $400 a month to her TFSA and $220 a month to her RRSP. But while saving for retirement was a key goal, she was also struggling with the idea of whether she should move to a larger, more expensive two-bedroom condo that would allow her to have a dog and a garden…
Union pans Wall’s idea of wage cuts, layoffs to deal with Saskatchewan deficit
– canadianbusiness.com
REGINA — The leader of a union that represents health-care and education workers says wage rollbacks and layoffs will not cure Saskatchewan’s ailing economy.
In media interviews Premier Brad Wall has suggested that public sector workers may be be asked to take less to help tackle the province’s $1 billion deficit.
Barbara Cape, president of SEIU-West, says Wall’s comments show a lack of good faith and deflect responsibility away from the government’s performance in managing the province.
She says the union’s 13,000 members didn’t benefit from the economic boom and shouldn’t be asked to make up the government’s budget shortfall.
The union’s members include people who work in health care, education, municipalities, community-based organizations, retirement homes and other sectors.
Cape says public services and workers are at least as valuable to Saskatchewan as oil and gas companies.
“Threats and austerity measures don’t work for the economy — they cripple it,” Cape said Thursday in a release…
In media interviews Premier Brad Wall has suggested that public sector workers may be be asked to take less to help tackle the province’s $1 billion deficit.
Barbara Cape, president of SEIU-West, says Wall’s comments show a lack of good faith and deflect responsibility away from the government’s performance in managing the province.
She says the union’s 13,000 members didn’t benefit from the economic boom and shouldn’t be asked to make up the government’s budget shortfall.
The union’s members include people who work in health care, education, municipalities, community-based organizations, retirement homes and other sectors.
Cape says public services and workers are at least as valuable to Saskatchewan as oil and gas companies.
“Threats and austerity measures don’t work for the economy — they cripple it,” Cape said Thursday in a release…
