Canada Retirement

Bridging The Confidence Gap Between Women And Wealth

Cindy Crean | Posted 11.20.2015 | Canada Business
Cindy Crean

With a longer life expectancy, women have to realize the impact that overly conservative investing can have on their ability to reach their financial goals.

Retirement May Be A Lot Greener For These Boomers

Nancy A. Shenker | Posted 11.17.2015 | Canada Business
Nancy A. Shenker

This is an industry unlike most. It touches on a variety of specialties and professions. Despite the stigma that used to exist around marijuana, now that the business opportunity is significant, many Boomers are coming out of the "weed closet" to begin new or expanded careers.

What The Liberals' Tax Promises May Mean For Your TFSA

Caroline Battista | Posted 11.17.2015 | Canada Business
Caroline Battista

Parliament will reconvene on December 3. While the priority focus will be on marginal tax rates for the middle class and those making more than $200,000, it's worth paying attention to a proposal that was a key promise from the Liberals: rolling back TFSA contribution limits from $10,000 to $5,500.

Reverse Mortgages: The Good, The Bad And The Misunderstood

Samantha Brookes | Posted 10.28.2015 | Canada Business
Samantha Brookes

There are a ton of regulations involved in reverse mortgages, but they are still becoming more and more popular because frankly they can be beneficial. Like any mortgage or loan it is all situational. For some people a reverse mortgage is a great idea and maybe even their best option, but for others it is just a way to incur more debt.

5 Reasons to Convince Your Parents to Get Out of Mutual Funds

Tea Nicola | Posted 10.24.2015 | Canada Business
Tea Nicola

We've all probably met a financial advisor who told us to buy a "balanced mutual fund," and hard sold their own company's "top performing" fund. They tell a good story, but do they really have our best interests at heart?

Older Adults Living on Low Incomes Need Housing Options

Arlene Adamson | Posted 10.23.2015 | Canada Impact
Arlene Adamson

It was recently reported that Calgary has some of the most expensive seniors' housing in Canada, at $3,100 a month, some $1,000 over the national average. There's no doubt that the article has a point: we do need more affordable seniors' housing in this country.

Here's How to Invest in a Volatile Economic Cycle

David Lester | Posted 10.20.2015 | Canada Business
David Lester

My overall idea is that by owning the dividend paying stocks outright you have the potential to make even more money and you know I love to do that. Creating a portfolio that is diversified and paying solid dividends will ensure a retirement asset to fulfill your goals and aspirations. Start paying more attention to your money and it'll pay you back with dividends.

Things for Baby Boomers to Consider When Estate Planning

Suzana Popovic-Montag | Posted 10.20.2015 | Canada Business
Suzana Popovic-Montag

Baby boomers are in a unique position with respect to the potential to be leaving behind estates of significant value. As a result of the previous generation's frugal lifestyles, which were often heavily focused on saving, they are set to reap the benefits in the near future.

Joshua Ostroff

Older Voters 'Could Control The Ballot Box': Moses Znaimer | Joshua Ostroff | Posted 10.18.2015 | Canada Living

"Every generation or two kids get momentarily enthused ... but generally it's people in our generation that actually vote rigorously."

Federal Parties Are Fighting to Secure the Senior Vote

Susan Eng | Posted 10.15.2015 | Canada Politics
Susan Eng

What do seniors want? What will seniors get? Who gets the seniors' vote? Now that "everybody knows" that seniors are Canada's most committed voters -- peaking at 75 per cent turnout when the general turnout was 61 per cent in 2011, politicians of all stripes are pitching for their vote.

Why Canadians' Retirement Funds Won't Be As Large As Hoped

CP | Craig Wong | Posted 10.07.2015 | Canada Business

Retirement savers and pension funds should be prepared for lower investment returns than they had before the financial crisis.

How to Find Calm After Retirement

Timi Gustafson, R.D. | Posted 10.01.2015 | Canada Living
Timi Gustafson, R.D.

What was traditionally considered a time of well-deserved rest and leisure now became "the power years," where people could finally realize their true potential. But clearly not everyone has bought into this concept. There is a new yearning for rest among today's older adults, although not quite in the same way their predecessors envisioned it.

5 Major Trends That Will Affect How You Retire

Pramod Udiaver | Posted 09.30.2015 | Canada Business
Pramod Udiaver

Retirement planning can seem challenging. How do you plan for an event that may be so far in the future? How do you know how much money you will need? And how do you avoid many people's biggest fear -- outliving your money?

Stephen Harper Wants Canadians to Figure Out Retirement Themselves

Sharleen Stewart | Posted 09.28.2015 | Canada Politics
Sharleen Stewart

The federal government will not help Ontario in any way in implementing the Ontario Retirement Pension Plan (ORPP). "Take a hike," was the federal government's basic message. We will not help you improve pensions unless you do it our way. And our way is simple: Canadians should do it themselves. Just figure it out. There is no retirement crisis, says the Harper government. Never mind that our mutual fund industry has among the highest fees in the world, while our best public pension funds have among the lowest costs despite excellent performance. Never mind that the capital markets are increasingly tilted against the interests of ordinary people. Never mind that employers have been abandoning defined-benefit plans for decades. Never mind that some of the most credible researchers in the country have called for a significant enhancement to the Canada Pension Plan.

Long-Term Care Is a Struggle for Those Aging With HIV

Karen de Prinse | Posted 09.22.2015 | Canada Living
Karen de Prinse

There is still a common belief that being HIV-positive is a death sentence, when in reality most people now reach the age of retirement, living with what is a serious, long-term illness. These inaccurate beliefs result in stigma and discrimination with often devastating effects.

Are Canadians Getting the Most From Their Retirement System?

Bob Stammers | Posted 09.17.2015 | Canada Business
Bob Stammers

As provincial and federal governments attempt to improve our retirement system, one has to ask whether Canada currently has an ideal system and what can be done to strengthen it. Determining the best way forward can be challenging, since retirement security spans government politics, employer practices, individual investor education and cultural differences.

A Letter of Gratitude to My Doctor

Deri Latimer | Posted 09.14.2015 | Canada Living
Deri Latimer

Have you thanked your doctor lately? How about all those other really important people in your life, who truly contribute to your happiness and well...

Why Australia's Pension Reform Won't Work for Ontario

Rob Brown | Posted 09.08.2015 | Canada Business
Rob Brown

Before we blindly adopt the Australian pension system as our own, we need to take several long moments in deep thought and contemplation -- and look at the evidence. Yes, you are able to invest as you wish. In fact, you are responsible for investing your dollars to achieve the highest rate of return available. Is this something for which you feel capable?

Happiness in Your Older Years Can Come From Facing Failure

Timi Gustafson, R.D. | Posted 09.04.2015 | Canada Living
Timi Gustafson, R.D.

Eventually, as we grow older, we have to choose between becoming bitter over our failures and shortcomings or making peace with our reality. If we succeed at the latter, a state of calmness, serenity, and even genuine happiness can emerge.

I May Be Retired But I Still Have Lots to Offer

David Martin | Posted 08.22.2015 | Canada Living
David Martin

Having been retired for five years now, I have to say, for the most part, it has been great. I get to do what I want when I want and, best of all, I no longer have to get up early and trudge off to work.

The Two Sides of the Retirement Equation

Cindy Crean | Posted 08.12.2015 | Canada Business
Cindy Crean

Retirement planning is multi-dimensional. Consideration has to be given to both the quantitative and qualitative factors. Framed another way, it's almost like a tale of mathematics and emotions. Both are equally important as they guide you through the next phase of your life.

Business Should Stop Derailing a Plan for Secure Pensions

Sid Ryan | Posted 07.06.2015 | Canada Business
Sid Ryan

The business community is absolutely shameless in trying to kill the proposed Ontario Retirement Pension Plan (ORPP). Nearly two-thirds of Ontarians don't have access to workplace pensions plans and many of those who do will only have modest benefits to survive on.

This Is Why You Want To Be In A Union When It Comes To Retirement

The Huffington Post Canada | Daniel Tencer | Posted 07.02.2015 | Canada Business

Nearly half of retired Canadians were forced to leave the workforce earlier than they planned, according to a survey from Angus Reid. The poll show...

Let's Become the True North Strong and Debt-Free

Jeffrey Schwartz | Posted 07.15.2015 | Canada Business
Jeffrey Schwartz

Canadians have many reasons to celebrate as their nation turns 148 years old tomorrow. They can even feel a bit of pride in an area that normally provides a healthy dose of shame in the headlines: personal finance. Let's take a look at a list of Canadian financial accomplishments along with lessons we can use to help us become the True North, Strong and Debt-Free.

The Pros and Cons of an Expanded Canada Pension Plan

Rob Brown | Posted 06.12.2015 | Canada Business
Rob Brown

A new report came out this week that reiterates what we've heard from other sources a few times now: Canadians aren't saving nearly enough for retirement. The Deputy Chief Economist of the CIBC warns that without pension reform now, younger workers today will see a steep decline in living standards as they retire. The Conservative government has recently announced it would like to have a dialogue with Canadians about a potential expansion of the Canada Pension Plan (CPP). While this, in itself, is a purely political action -- since it commits the government to nothing -- it is worth looking at what the possible outcomes might be.