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Latest News
Corporate investments for retirees + MORE Feb 15th
I’m not using my Canadian corporate company anymore. I’m 67, delaying CPP and OAS. I have $210K in my company that I need to take out. What is the best way to do this with minimal tax?
My accountant is working with me but really doesn’t think it’s the best strategy. He has a three-y.... More »
Making sense of the markets this week: October 15, 2023 + MORE Oct 19th
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.
Clearly, the biggest world news is the conflict in Israel and Gaza. This week we are holding off discussing the effects.... More »
Union pans Wall’s idea of wage cuts, layoffs to deal with Saskatchewan deficit + MORE Dec 30th
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 provinc.... More »
How to plan for retirement for Canadians: A review of Four Steps to a Worry-Free Retirement course + MORE Oct 26th
With November incoming and being Financial Literacy Month in Canada, it seems appropriate to devote this edition of the Retired Money column to a new Canadian DIY retirement course created by MoneySense’s “Making sense of the markets” columnist Kyle Prevost.
Entitled 4 Steps to a .... More »
I’m decades from retirement. Do I really need to contribute to my RRSP? + MORE Mar 15th
The biggest issue with contributing to an RRSP too early is the need down the road to withdraw the money for expenses other than retirement that come along, says experts.... More »
Baby Boomers Do Not Feel that They Have Currently Saved Enough to Retire
– rhondasherwood.com
Canadian baby boomers are pushing their way through to retirement, but that doesn’t necessarily mean they feel they are adequately prepared for this time of life. If your current saving are not enough to fully fund your retirement plans, you’ll need to review all of your available income options to ensure you have enough money to take this step.According to the results of a poll conducted by BMO Wealth Institute, many Canadians in this age group do not feel that they have currently saved enough to retire comfortably. On average, Canadian Baby Boomers are missing the mark in saving for their retirement goals by more than $400,000. Most of the respondents said they needed an average of $658,000 in the bank to feel secure about retirement money matters, but they only have about $228,000 saved. Almost half of the survey respondents (46 percent) said they were not confident about their financial security as they approached retirement.
Multiple Income Sources in Retirement
If you are only looking at savings to fund your retirement, you are missing out on other potential sources of income…
What retirement crisis?
– moneysense.ca
The doomsayers are wrong, according to Canadian Business’ Retire Wealthy special report. With pension funds and the stock market roaring back to life, there’s plenty of evidence to suggest Boomers (and their children) will be wealthier, healthier and happier in their golden years than any other generation has been. For more on this plus retirement tips, stock picks, profiles and photo galleries, click here.
The post What retirement crisis? appeared first on MoneySense.
Toronto StarEx-Supreme Court judge expected to back Quebec values charterToronto StarA former Supreme Court of Canada judge, who claims she sees more veiled women in Quebec than in her travels to Muslim countries such as Pakistan and Morocco, is expected to line up behind the Parti Québécois' charter of values and lend her legal …Don Macpherson: A 'gender gap' over the Charter of Quebec ValuesMontreal GazetteLight shed on public service pension plansVancouver SunComing together for a secular QuebecGlobalnews.caThe Globe and Mailall 45 news articles »
