Canadian retirees are fortunate to be a part of the western nation pantheon. By that I mean, they are fortunate to be citizens of a western country, which gives them a passport capable of visiting most of the world’s countries without a visa. By simply showing up in a foreign airport ...
Category Archives: Retirement
Lots to know about Canada Pension Plan
I’ve been writing for 12 years and the most popular articles I have written are on Canada Pension Plan. Rather than re-invent the wheel, I thought I would post some of my favorite articles on CPP. Common Questions about CPP I wrote this article for Canadian Finance Blog this year and ...
You Can Afford Retirement But Can You Afford Retirement Care?
Many Canadians are reasonably well set for retirement, financially speaking, thanks to personal investments and social security provided by the Canada Pension Plan (CPP) and Old Age Security (OAS). However, many Canadians avoid thinking about some worst-case scenarios – that they may end up requiring long-term care or may ...
Investing IN Retirement Is Different Than Investing FOR Retirement
I just got back from speaking to a group of industry professionals (Registered Deposit Brokers Association –RDBA) about how investing IN retirement is different than investing FOR retirement. I think investing FOR retirement is a well-covered topic. This makes sense because the majority of Canadians are still not retired and ...
Don’t Die With Too Much In Your RRSPs
Have you ever heard people joke around about dying broke or spending your kids inheritance? It may not really be a joke but I can tell you for many people, it’s just not easy to do. The thought of spending your money may sound practical but it is actually very difficult to practice. ...
Learning about Locked-In Retirement Accounts
Every industry uses a set of acronyms and the financial industry is no different. When is comes to locked in accounts, there are LIRAs and LIFs. What are locked-in accounts? Locked in accounts are simply money that originates from a pension plan. As long as you are employed by a company ...
Canadians and Procrastination
Many of the challenges in life can be resolved by the process of time, some are created instead. While the do nothing philosophy can work on certain challenges, investing and saving are not one of them. It has been my experience that Canadians end up doing themselves a financial disservice at ...
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