…20 years away from retirement and keeps a moderate amount of his portfolio weighted towards equities, with fixed-income and cash equivalents taking up the rest. His mortgage on his home…
Here’s what I found on "retirement"
Locked-in retirement account (LIRA)
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Individual Pension Plans (IPPs)
…retirement income options: Provincial and federal pension laws apply to IPPs – and can restrict flexibility in retirement income planning. Cost and complexity: IPPs have higher set up costs and…
How Group RRSPs and Group TFSAs work
Registered Retirement Savings Plans (RRSPs) help Canadians save towards retirement and offer certain tax benefits. Tax-free Savings Accounts (TFSAs) are a savings vehicle that Canadians can use towards retirement or…
5 questions to ask your advisor when markets are volatile
…goals. These objectives could include target income during retirement or expected returns upon your retirement date. Also, it’s important to regularly discuss potential rebalancing of your portfolio to make sure…
Managing your finances solo
…putting aside money for any goal, the better. 5. Have a retirement plan Retirement planning can feel daunting for anyone. It’s is a long-term investing goal that depends on your…
How overconfidence bias may affect your financial decisions
…out, even though they have exceeded that limit many times in the past. Saving for retirement – People who feel healthy and energetic today can be overconfident about how they…
Using annuities for other financial planning goals
…Money for charity: A charitable gift annuity A charitable annuity can be an effective way to generate retirement income and support a charitable cause. Here’s how it works: Make a…
Buying your first home
…Registered Retirement Savings Plan (RRSP) – First-time home buyers can withdraw up to $60,000 from their RRSP towards a down payment. You won’t pay tax on the money provided you…
Other types of workplace savings plans
…What is a deferred profit sharing plan? A deferred profit sharing plan (DPSP) is set up by your employer to help you save for retirement. Companies often combine a this…
How to make a financial plan
…out a plan to achieve them. A financial plan can help you if you’re hoping to purchase a home, pay off your student loans or prepare for retirement. It can…