Canada Retirement

How to Find the Perfect Financial Advisor for You

Bob Stammers | Posted 10.23.2014 | 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 10.16.2014 | 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 10.07.2014 | 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 09.25.2014 | 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 11.17.2014 | 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 09.23.2014 | 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...

Boomer Confidential: 5 Things No One Knows About Retirement

Posted 04.14.2014 | Canada Living

The Canadian workforce is changing as hordes of baby boomers prepare for retirement and masses of underemployed Gen Xers and Millennials vie to take t...

The Australian Pension System Won't Work For Canada

Robert L. Brown | Posted 06.08.2014 | Canada Business
Robert L. Brown

Now, in Australia, you get a lump sum pay-out (hardly any Aussies annuitize their lump sum). Once again, you have to manage your retirement on your own. Now, even if you knew exactly when you were going to die, this would be difficult, but when you have no idea of your personal life expectancy, this is a problem beyond the capabilities of the average Canadian.

Five Steps Towards a Golden Retirement

Cleo Hamel | Posted 06.07.2014 | Canada Business
Cleo Hamel

The good news is, a properly planned retirement is possible. But it can't be achieved passively. Now is the time to be aggressive about taking responsibility for your retirement plan and take the action necessary to put it in motion. These five steps are a place to start.

What Most People Don't Understand About Work and Happiness

Sheldon Dyck | Posted 05.31.2014 | Canada Living
Sheldon Dyck

Why is the difference in people's happiness massive when they make $80,000 instead of $50,000, but negligible when they make $200,000 instead of $100,000? Why are some of the unhappiest people in our society the children of enormously wealthy parents?

How Much Money Do You Really Need to Retire?

Bob Stammers | Posted 04.29.2014 | Canada Business
Bob Stammers

Do you become a different person when you retire? Will your values, sense of humour, and pastimes change? Probably not. So why do many investors focus on amassing as much money as possible for retirement instead of considering what their liabilities will be and planning appropriately?

Top 10 Dumb Things People Say About Pensions

Susan Eng | Posted 04.24.2014 | Canada
Susan Eng

Canadians are certainly living longer, healthier lives but not everyone. Twenty four percent of seniors have multiple chronic conditions and take on average 5 different prescription meds. Older workers who lost their jobs in the late 1990s had three times as much difficulty getting new ones as their younger counterparts and they either got jobs within the first two years or not at all.

Are You Emotionally Prepared to Retire?

Cindy Crean | Posted 04.21.2014 | Canada Living
Cindy Crean

While every individual situation is different, there are some things one can do to prepare for their retirement, especially with the RRSP deadline just around the corner. This is a time of year we all think about saving and it is a good reminder, however a well thought out plan can help you ensure you save regularly and are not playing catch up when time is running out.