Canada Retirement

Writing A New Chapter: The Many Faces Of Modern Retirement

Posted 01.25.2015 | Canada Living

There is a strange misconception about how we see retirement, as if stopping work simply means that we retreat into our homes with knitting needles an...

Asking For Advice: These Are The 5 Questions Boomers Need Answers to

Posted 01.19.2015 | Canada Living

There’s no shortage of advice out there for would-be (or soon-to-be or wannabe) retirees; from how you should be investing and saving to what you sh...

Canada's Baby Boom Is Nothing Like the One in the U.S.

Robert L. Brown | Posted 01.15.2015 | Canada Politics
Robert L. Brown

First, assuming that the baby boom is a post-war phenomenon means we jump to the wrong conclusion when guessing the cause. The baby boom was not the result of frisky soldiers returning to Canada. It was, instead, the result of the very good economic times in the period 1952 to 1965 allowing for at-home moms and large families.

Invest Like The Best: Easy-To-Understand Investment Strategies For Aspiring Retirees

Posted 01.12.2015 | Canada Living

Some people greet the topic of retirement planning with the same enthusiasm as dental appointments. It doesn’t have to be like that. The good news i...

Boldly Go: Planning A Retirement Trip That Will Put Snowbirds To Shame

Posted 12.15.2014 | Canada Living

Now that you’re retired, the world is your oyster. You have the free time to go just about anywhere your budget allows, so why stick to the tried-an...

Why Ontarians Shouldn't Trust Wynne With Our Retirements

John Laforet | Posted 12.11.2014 | Canada
John Laforet

It is laughable that the Ontario Liberals are scolding residents of the province for not putting enough away for their own retirements when the Government has so chronically underfunded it's own defined benefit pension plans that they look more like Ponzi schemes than retirement benefits.

Canadians' Plans To Use Home Value For Retirement 'Pretty Concerning'

CP | David Friend, The Canadian Press | Posted 01.31.2015 | Canada Business

TORONTO - Canadians may dream of retiring debt-free, but research done for Manulife suggests nearly 20 per cent of homeowners expect to lean on the va...

How to Find the Perfect Financial Advisor for You

Bob Stammers | Posted 12.23.2014 | Canada Business
Bob Stammers

Finding "the right one" these days can be very complicated, and by the one I mean the right financial advisor! Searching for an advisor that is the perfect match takes time, effort and plenty of research. Finding the right financial advisor is not necessarily a simple task but it can be straightforward if you follow some basic guidelines.

Don't Believe Media Hype - Seniors Are Not the Wealthy Generation

Arlene Adamson | Posted 12.16.2014 | Canada Living
Arlene Adamson

Seniors ought to age in the community along with the rest of us, enabling socialization and access to resources that keep them mentally, physically, and most importantly, socially active. Bringing up the standard of the actual facilities that already exist would be a good place to start, but a longer term vision requires new models altogether.

As a Senior, I Deserve Less Government Money

David Martin | Posted 12.07.2014 | Canada Politics
David Martin

I might be betraying my demographic but I think it's time we seniors started asking for less. For years now, those in the over-60 age group have been making out like bandits while the younger generations struggle to make ends meet. Unlike in years past, there are now relatively few seniors in developed nations suffering in poverty. The iconic image of an aging widow living on cat food is today largely a myth. Older folks, for the most part, live comfortable lives.

Top 10 Reasons Not To Start a War With Seniors

Susan Eng | Posted 11.25.2014 | Canada Living
Susan Eng

Much is made of health care costs for the frail elderly. But the healthcare spending curve by age group is actually U-shaped with equally significant amounts spent for childbirth and early childhood problems. So is one okay and the other to be disparaged? Does it need to be said that we were all once born and will all eventually get really old if we're lucky?

Employers Should Focus on Mental, Not Physical Age

Eric Quon-Lee | Posted 11.23.2014 | Canada Living
Eric Quon-Lee

If physical age shouldn't be utilized as a filter, then what should companies be looking for when assessing a candidate's cultural fit? Companies should be looking at whether or not individuals have the right mental characteristics that match the company's culture

Get Your Finances In Order Before You Retire

Jeffrey Schwartz | Posted 11.23.2014 | Canada Living
Jeffrey Schwartz

If you are planning to move after you retire, put some careful consideration into the cost of living for that area. Look into the cost of real estate and see how far your money will stretch if you downsize from your current home. If you're moving to a different town or province, it's also worth looking into potential tax advantages for senior citizens in that area.

40 Year-Old Retirement Fund Virgin? Time to Get in on the Action

Bob Stammers | Posted 11.17.2014 | Canada Business
Bob Stammers

Let's face it: many people work better on a deadline. This is the same mindset that leads perfectly reasonable adults to the conclusion that saving for retirement can wait until tomorrow, until they get a raise or have taken the next vacation, or until they turn 30, 35 or 40. If you are approaching 40 and have procrastinated, it's time for a gut check.

Let's Start Using Real Numbers To Discuss Public Employee Pension Plans

Richard Perron | Posted 10.27.2014 | Canada Business
Richard Perron

The order of the day was to question the very existence of defined benefit pension plans. Yet these plans not only provide much-needed income to hundreds of thousands of retirees, they also benefit society as a whole. People who have paid into these plans throughout their lives acquire a level of financial independence that makes them much less dependent on government assistance in old age.

How Smart is Smart Beta, Really?

Bob Stammers | Posted 10.14.2014 | Canada
Bob Stammers

It has been said that in investing, what is comfortable is rarely profitable. This perhaps explains why the investment landscape is littered with novel and sometimes unsuccessful money making strategies.

We Are Living Longer and Not Saving. Let's Change That

Anita Saulite | Posted 10.12.2014 | Canada
Anita Saulite

The fact is we are living longer and not saving. And most of us have no idea how much to save in order to have a care-free retirement that reflects our lifestyle needs. Recent research suggests that a nest egg of $750,000 is required.

When it Comes to Pensions, Plan for the Worst and Hope for the Best

Tim Paziuk | Posted 10.08.2014 | Canada Business
Tim Paziuk

I always tell people that those who plan ahead stand a better chance than those who don't. Don't risk being blown off course by a sudden change in the wind. As sailors say, "plan for the worst and hope for the best."

In-Home Care Can Be Simple, Comfortable and Safe

Eva Zatrak | Posted 09.15.2014 | Canada Living
Eva Zatrak

You may need personalized care, yet all of the options are far too expensive from what you've heard. It is time to explore your options, maintaining your independence and your bank account. You deserve a comfortable retirement.

Reduce the Forced RRIF Minimum Withdrawal

Tim Paziuk | Posted 09.06.2014 | Canada Business
Tim Paziuk

If the government doesn't like the idea of removing withdrawal minimums, they should at least peg minimum RRIF withdrawals to current government bond yields. Forcing someone at age 72 to take out 7.48 per cent when they're only earning 2.5 per cent is simply not fair.

Don't Invest in Worries

Tim Paziuk | Posted 08.13.2014 | Canada Business
Tim Paziuk

If you're an average Canadian, you probably own a principal residence and have a few dollars invested or saved somewhere. If you have money invested in stocks, bonds or real estate, you may be concerned about losing your money. This is a reasonable thought; although, depending on what you're invested in, your concern (read: worry) is probably a waste of time.

Catching Up: How To Start Saving For Retirement If You Haven't Already

Posted 06.02.2014 | Canada Living

Over the past few years, numerous articles and studies have begun to report that Baby Boomers aren’t saving enough. In fact, a 2012 survey found tha...

Not Your Father's Retirement: How Boomers Live Differently After Work Ends

Posted 05.05.2014 | Canada Living

If you are a card-carrying member of the Boomer generation, you’ve got a new focus after years spent at the office and raising kids: retirement. Cha...

Why Baby Boomers Need to Worry

Timi Gustafson, R.D. | Posted 07.02.2014 | Canada Living
Timi Gustafson, R.D.

Weight issues are among the most common causes of health problems affecting boomers. Two-thirds have made at least one dietary adjustment to lose weight, and more than half to reduce cholesterol levels. Overall, this generation seems better informed about the ins and outs of nutritional health than its predecessors.

Crowded Nest Syndrome: How To Manage Retirement With Adult Children At Home

Posted 04.21.2014 | Canada Living

Long gone are the days when your children living with you held a clear expiry date. These days, it’s become just as common for young adults and grow...