Canada Retirement

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 04.08.2014 | 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 04.07.2014 | 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 03.31.2014 | 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 02.28.2014 | 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.

Canadians See Rose-Coloured Retirement

CP | Romina Maurino, The Canadian Press | Posted 04.21.2014 | Canada Business

TORONTO - Canadians are feeling increasingly optimistic when it comes to retirement.A Sun Life survey conducted in November has found that, on average...

Have You Met Your RRSP?

Shaun Goolcharan | Posted 04.16.2014 | Canada
Shaun Goolcharan

Each year you are required to take out a portion of your savings from your RRIF, which is subject to tax, but there's no limit on how much you can withdraw. In addition you can name your spouse as a beneficiary, so RRIF assets can be transferred to your spouses' RRIF or RRSP on your death. You can't keep your savings in an RRSP forever.

Ten Questions to Ask Yourself Before Becoming Your Parent's Caregiver

Eva Zatrak | Posted 03.28.2014 | Canada Living
Eva Zatrak

Remember that when you take on the role, often the condition of the parent is not too bad, but one must be aware that in reality they most likely going to decline in the future. Can you cope with this? Generally caregivers do not stop until they drop from exhaustion.

How Much Rich Canadians Say They Need To Retire

CP | The Canadian Press | Posted 03.19.2014 | Canada Business

TORONTO - No need to pity the affluent, even if they have to save more than twice as much as average Canadians before retiring.A new poll issued by BM...

Good News For Young Job-Seekers

CP | Matt Sedensky, The Associated Press | Posted 03.05.2014 | Canada Business

CHICAGO - A surge of older people staying on the job has spurred what economists say is an unfounded fear that it will result in fewer jobs for the yo...

CPP Increase Opponents Sound Hysterical

Susan Eng | Posted 02.12.2014 | Canada
Susan Eng

The employer groups that vehemently oppose CPP hikes mostly don't offer any pension support for their employees. And their arguments are increasingly hysterical. They are still calling any CPP increase a "job killer" and managed to convince the junior minister of Finance to parrot their talking points.

Want to Help the Middle Class? Focus on Pensions

Ken Georgetti | Posted 01.23.2014 | Canada Politics
Ken Georgetti

The federal government claimed recently in its Throne Speech that it wants to help consumers and the middle class. But Ottawa is dragging its feet on the most important pocketbook issue of them all -- that of providing decent, secure pension income for all Canadians when they retire.

How Do You Imagine Your Retirement if it's 30 Years Away?

Tim Paziuk | Posted 01.25.2014 | Canada Business
Tim Paziuk

How do you envision your retirement? I imagine that for most retired (or nearly retired) people, you'll have a better idea of what life will be like; but what if you're 20 or 30 years away? I think most people in that age group would have a harder time giving a confident response.

How to discuss estate planning with parents

Posted 10.08.2013 | Canada Business

There are many ways to broach "the talk" with your aging parents about estate planning and the sooner you start the better, for all concerned. ...

Alberta Moving the Right Way on Pension Reform

Mark Milke | Posted 01.23.2014 | Canada Alberta
Mark Milke

Such reforms and others are long overdue and the finance minister and his colleagues should be commended for starting to tackle the difficult issue of public sector pension reform. They still have a long way to go though.

How Long Should a Board Director Serve?

Richard Leblanc | Posted 11.19.2013 | Canada Business
Richard Leblanc

Many directors hang on to directorships for far too long. I counted several directors who have been on corporate boards for 10, 15, 20 and 25 years. Many directors hang on to directorships for far too long. I counted several directors who have been on corporate boards for 10, 15, 20 and 25 years.

LOOK: 10 Places Perfect For Retired Canadians

The Huffington Post Canada | Nikki Gill | Posted 09.16.2013 | Canada Travel

The baby boomer generation is slowly approaching the age of retirement, but for retirees who cringe at the idea of local retirement communities, shove...

The Secrets to Retirement: Capellania, Panama

Jayne Davidson | Posted 11.10.2013 | Canada Alberta
Jayne Davidson

People are important. They are generous, welcoming, and all have a story to tell. Listen with both ears and an open heart. Have faith in humanity. Learn a new language. Fall in love - with everyone! Be patient. Smile. Meditate. Say "thank you". Everything WILL work out...

The True Meaning of Labour Day

Paul Moist | Posted 10.30.2013 | Canada Business
Paul Moist

Labour Day is about more than a well-deserved day off. It is a time to celebrate the important contributions working people make to our economy. It is also a good time to reflect on what is needed to improve the economic and social well-being for all workers. Economic recovery is being undermined by federal government actions over the last two years that erode workers wages, including: exploitation and fast-tracking approval for business to employ temporary foreign workers at wages below market rates; cuts to Employment Insurance and forcing workers to work at lower wages, continuous interference in the collective bargaining process on the side of employers, as well as attacks on unions and labour rights.

Must-Knows About Buying Real Estate Now

Win Wachsmann | Posted 10.28.2013 | Canada British Columbia
Win Wachsmann

Is now a good time to buy real estate amid glowing reports of low mortgage rates and high demand Professional pictures of stunning homes and condos with granite, marble and nine-foot ceilings all serve as eye candy, tempting gullible and may dupe home buyers to drop down payments on not-so-smart real estate buys.

How the Government Sneakily Pockets Your Pension

Tim Paziuk | Posted 09.24.2013 | Canada Business
Tim Paziuk

I read an article the other day that brought up a problem that sadly, happens more than we think; dying before you collect Canada Pension Plan (CPP) retirement benefits. The message was clear and correct -- a lot of people contribute a lot of money into CPP and never receive an income payment. Is this fair? I don't think so.

Don't Retire If You Don't Want To Expire: Study

CBC | Posted 07.16.2013 | Canada

A study out of the U.K. suggests that while it may provide an initial sense of relief and well-being, over the long-term, retirement is bad for your h...