…plan: not enough Canadians have done any retirement planning. Get retirement advice: 9 out of 10 respondents felt financial advice in and approaching retirement would be useful. The most useful…
Here’s what I found on "retirement"
Locked-in retirement account (LIRA)
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Home equity as a source of retirement income survey
…out of their retirement savings in the first 10 years of retirement. Despite the lack of retirement savings, the survey revealed that four out of 10 respondents were not willing…
What is a pension plan and how does it work?
…your retirement depends on: the total contributions made to your account. the investment returns this money earned. At retirement, you use the money in your account to generate retirement income….
How defined benefit pension plans work
…amount of your contribution is guaranteed, but not the amount of retirement income. Your retirement income amount may vary depending on how the pension funds are invested. How do you…
Making RRSP withdrawals before and after you retire
Your Registered Retirement Savings Plan (RRSP) helps you save for retirement. Once you retire, you can convert it into a Registered Retirement Savings Plan (RRIF) or annuity, to provide a…
Investing as we age
…of Ontarians age 45 and over. Key Findings Financial Concerns of Ontarians 45+ The top financial concerns for 25% of Ontarians 45+ are retirement-related, including having enough money for retirement,…
9 reasons to open a TFSA
…it in your retirement. If you owe more tax in your retirement years than before you retire, then the RRSP won’t be as much of an advantage. Summary TFSAs can…
Putting your financial plan into action
…all other debt Reducing taxes Growing retirement savings Sending your kids to college or university Starting a new business Planning your retirement lifestyle Early retirement years You may want to…
What is life insurance and how much do you need?
…for life Retirement – savings can be used as loan collateral to provide money in retirement, or withdrawn if you end the policy Estate – can be used to cover…
Budgeting in retirement
…expenses each month (pre-retirement) Your monthly income after retirement (pension, benefits, employment, etc) and your monthly expenses after retirement (including housing, groceries and essentials, travel, insurance, etc) Retirement Budget Calculator…