Canada Retirement

Retirement Saving Season Is All Year Long

Cindy Crean | Posted 04.08.2015 | Canada Business
Cindy Crean

With another RRSP season squarely behind us, now is as good a time as any for reflection. The last-minute mad dash to make a contribution is generally at odds with proper savings discipline. You can turn anxiety around by extending your savings plan beyond the RRSP season. Here are a few other tips to keep in mind.

After 50 Years of the Canada Pension Plan We've Run Off Course

Ralph Goodale | Posted 03.30.2015 | Canada Politics
Ralph Goodale

This week, the legislation that originally created the Canada Pension Plan (CPP) will turn 50 years old. The stated purpose of the Canada Pension Plan was to ensure all working Canadians have an opportunity to retire in dignity. It builds on basic Old Age Security to achieve greater social justice linked to progress in the economy. But Canada has big challenges to face in the immediate future if we're to honour Lester Pearson's ambition of a fair, efficient, adequate system of retirement income for all Canadians.

Sponsoring a Child Overseas Can be Sunshine in the Darkness

Debbie Wolfe | Posted 03.11.2015 | Canada Impact
Debbie Wolfe

I've been lucky to have a fulfilling marriage, a job that I love and a life filled with meaning. But like anyone, I'm familiar with the stretches of hopelessness that can come when life gets to be too much -- or not nearly enough. I began sponsoring Alejandro in Bolivia when he was just five, sure that I'd be improving his life. What took me completely off-guard was the way that he's lifted mine.

Are You Ready For ReWIREment?

Deri Latimer | Posted 02.23.2015 | Canada Living
Deri Latimer

To me, rewiring is all about continually moving toward creating the kind of life you want to live. It is about choosing thoughts that help you to experience your life to the fullest. What thoughts can serve you well as you look ahead to the next phase of your life? Here are a few ideas to consider.

Retirement Slips Further Away For Canadians

CP | The Canadian Press | Posted 02.18.2015 | Canada Business

TORONTO - A new poll has found there are more Canadians who expect to be working past age 65 than those who expect to be retired.The annual Sun Life p...

Six People Who Are Redefining Retirement

Posted 02.19.2015 | Canada Living

If 62-year-old actor Mickey Rourke has taught us anything with his November 2014 defeat of a 29-year-old opponent in a Moscow boxing ring, it's that y...

With A Little Help: Why It's Never Too Late To Get Assistance Planning Your Future

Posted 02.13.2015 | Canada Living

As the saying goes, “The best time to plant a tree is 10 years ago. The second best time is today.” Although saving for something that seems as fa...

Why It's Important To Review Previously Established Estate Plans

Suzana Popovic-Montag | Posted 04.09.2015 | Canada Business
Suzana Popovic-Montag

While most people have a good idea of their assets and future income, issues of capacity to make decisions regarding estate plans are much less likely to be present than in older populations. An elderly person preparing a bedside will towards the end of his or her life can raise suspicions, whereas a recent retiree attending the office of his or her lawyer does not raise the same red flags.

Preparing Ourselves for the Economic Challenges of an Aging Population

Bob Stammers | Posted 04.04.2015 | Canada Politics
Bob Stammers

The second-most underestimated risk around the world is as plain as day: the aging population. While the challenges of an aging population are complex, they are also very common sense.

Planning Makes Perfect: The Simple Joy Of Crafting Your Retirement

Posted 02.02.2015 | Canada Living

Retirement can be a joyous time — one that allows you to truly reap the benefits of careful planning and a lifetime of hard work. What shape it take...

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 03.17.2015 | 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 02.10.2015 | 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.