Want to know exactly what you’ll get from CPP when you retire? Here’s how to find out Jul 20th

Not sure how to make a retirement plan? Read on…
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 cpp

“Why do I need a financial plan?” + MORE Jan 12th

Q. I am in my early 50s, have a steady job, I’m not a big spender, and I make RRSP contributions. Why would I need a financial plan? I don’t see how it could help me. –Tom A. To answer your question (and it’s a good one!), let’s think about why people get a plan, the benefits of having a p.... More »

CPP and disability: When should you retire and start your pension? Sep 28th

Ask MoneySense I have a brain injury and I’m collecting CPP disability of $15,000 a year, along with a workplace disability income of $16,000 a year. I am 61 years old, married, and I can’t figure out if I should retire now and start my pension or wait until I turn 65.  My pension projectio.... More »

Downsizing vs reverse mortgage: which option is right for you? Feb 2nd

For many Canadians approaching retirement, their home is by far their largest asset. With detached homes in major cities selling for well above $1 million, it’s not surprising that owners expect to tap into that equity to help fund their golden years, prompting the common refrain: “My home is my.... More »
 retirement savings plan

Making sense of the markets this week: December 24, 2023 Dec 28th

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. It’s a tough job, but… It’s really hard to predict what the investment world will do. It’s even harder to predic.... More »

Selling stocks at a loss in a TFSA: What it means for your contribution room Apr 12th

Ask MoneySense I lost $20,000 dollars in my TFSA account in the market correction, and my broker sold the losing stocks. Can I put more money in to bring me back up the to the limit the government allows?—Wayne Capital losses in a TFSA A capital loss is when you sell an investment at a lowe.... More »
Want to know exactly what you’ll get from CPP when you retire? Here’s how to find outYou can even get a precise estimate years in advance, thanks to a new online service that goes where the federal government won’t, writes David Aston.

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