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Canada Retirement

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

CBC | Posted 05.16.2013 | 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...

What's Your Purpose in Life?

Anne Day | Posted 05.13.2013 | Canada Living
Anne Day

Take a blank piece of paper, head it My Purpose in Life, and then start writing. It doesn't have to be sentences, just words that resonate with you. When you have exhausted all your possible thoughts look at what you have written. Condense the core themes into one sentence. And you've done it.

The Top Five Ways to Save For Retirement

Tim Paziuk | Posted 04.19.2013 | Canada Business
Tim Paziuk

When it comes to dealing with money, there are two simple ways to break it down: things you can control and things you can't. Once you understand the things that you can control, the next thing is to "try" not to worry about the things you can't. Here are my top five ways to take control.

Why Canadians Are Being Set Up to Fail for Retirement

Tim Paziuk | Posted 04.04.2013 | Canada Business
Tim Paziuk

It is clearer than ever that most Canadians have to fend for themselves when it comes to retirement. For most retired Canadians, the combination of an employer's Defined Benefit Pension Plan, CPP and Old Age Security (OAS) provided them with a secure retirement lifestyle. This is not the case in 2013. Why?

How a $100 Pair of Shoes Really Costs You $1,376.46

Tim Paziuk | Posted 05.18.2013 | Canada Business
Tim Paziuk

When I'm lecturing to students I like to ask them how much a $100 pair of shoes costs. The most common answer is $100 plus tax. Would you believe me if told you it could be as much as $1,376.46? As a 20-year-old, if you convinced yourself not to buy the shoes, and invested it instead -- with an assumed rate of return of 6 per cent -- you'd have $1,376.46 by the time you were 65 years old.

Times Are Changing And So Is Your Retirement Plan

Posted 02.18.2013 | Canada Business

As the needs of the workplace change, economic stability remains uncertain and some adult children move back home, retirement is no longer a given tha...

B.C. Retirement Savings Fall: Poll

CBC | Posted 04.13.2013 | Canada British Columbia

A CIBC poll suggests that B.C. residents have slipped out of the leadership ranks over the past year in terms of saving for retirement. T...

This Isn't Your Grandparents’ Retirement

Posted 02.22.2013 | Canada Business

Retiring used to mean working until age 65, then spending your free time working on your hobbies such as gardening or even sitting on the porch. But w...

Young Canadians Worry About Comfortable Retirement

CP | LuAnn LaSalle, The Canadian Press | Posted 04.12.2013 | Canada Business

MONTREAL - Young people apparently aren't optimistic that they'll enjoy a comfortable retirement, with 80 per cent of Canadians between the ages of 18...

Five Steps Towards Your Dream Retirement

Posted 02.05.2013 | Canada Business

To achieve your retirement goals and truly make your dreams come true on your own terms it takes two very crucial things: financial planning and life...

Canadians Increasingly Worried About Financing Retirement

CP | The Canadian Press | Posted 03.24.2013 | Canada Business

TORONTO - A new RBC poll suggests Canadians are increasingly concerned about their ability to finance retirement because of saving for their children'...

How Much Will I Need for Retirement, and How Can I Ensure I Reach My Goal?

Posted 01.25.2013 | Canada Business

Does the word “retirement” scare you? Is it a far-off goal or just around the corner? No matter where you are in your career path, you should b...

Busting Three Myths of Financial Planning

Deborah Nixon | Posted 03.13.2013 | Canada Business
Deborah Nixon

Many of us hate organizing our financial lives but love dreaming about our futures. That might be part of the reason that only a third of women have a financial plan. It comes down to the myths we have built up about financial planning.

Don't Give Up On That Sunny Retirement Dream Just Yet, Canadians

CP | Paola Loriggio, The Canadian Press | Posted 02.24.2013 | Canada Business

TORONTO - Dwindling pension benefits are forcing many Canadians to rethink how they’ll spend their golden years, but that doesn’t necessarily mean...

Santa, Don't Forget About Struggling Seniors

Arlene Adamson | Posted 02.05.2013 | Canada Living
Arlene Adamson

Santa is a senior. My guess is he never had a defined benefit pension and needs the extra cash. He knows that although Canada has made great strides in eliminating seniors' poverty, too many of our older adults still live a low-income lifestyle, especially in major urban centres where costs of living are high. This Christmas season, I urge you to remember and reach out to the elders in your life.

Retirement Further Out Of Reach: StatsCan

CBC | Posted 02.03.2013 | Canada Business

Canadians are putting off their retirement plans and working at least two years later across all education levels, Statistics Canada says. ...

He Says He'll Bring Back Retiring At 65

CP | The Canadian Press | Posted 12.26.2012 | Canada Politics

TORONTO - An NDP government would reverse changes to Old Age Security by restoring the retirement age to 65 instead of 67, New Democrat Leader Thomas ...

Planning For Retirement? It May Not Be Up To You

CP | The Canadian Press | Posted 11.19.2012 | Canada Business

TORONTO - A new poll suggests many Canadian boomers could be surprised about the timing of their retirement.The Ipsos-Reid survey of people aged 50 or...

Do You Want to Pay $9,000 for Someone Else's Pension?

Dan Kelly | Posted 11.14.2012 | Canada Politics
Dan Kelly

Imagine it's March, 2013 and you discover to your considerable horror that you must pay the government $9,000 in addition to the taxes you normally fork over. Sounds pretty far-fetched, doesn't it? Well, you and I, and every other man, woman and child in Canada are each on the hook for an extra $9,000 to pay for the $300 billion (or more) in promises to public sector pension plans that governments don't have the money to pay.

For Private Sector Workers, CPP's Bridge Benefit Leads to Nowhere

Catherine Swift | Posted 10.30.2012 | Canada Business
Catherine Swift

Most Canadian private sector taxpayers are blissfully unaware of the existence of a wonderful bonanza public sector workers enjoy at their expense -- namely, the Canada Pension Plan bridge benefit. But if people were fully informed about the special treatment accorded to public sector workers, one aspect of which being the bridge benefit, they likely would have been less willing to jump on the bandwagon of later retirement for themselves.

Break Free from the Prison of Reality Like I Did

Michael Clarkson | Posted 09.15.2012 | Canada Living
Michael Clarkson

Some days, don't you get weary of being yourself? Wouldn't you love to assume another identity, at least for a breather? Recently, I changed my "outdoor" name to Hal. Until now, no one in my family has seen the "Hal" in me. The everyday me is a writer, a cyber space inhabitant, and, under recently, a pencil pusher from the city.

Eight Secrets of Aging Well

Kathy Barthel | Posted 09.05.2012 | Canada Living
Kathy Barthel

You must live life in the present -- the key to aging successfully -- but you can't do so if one foot is chained to the past and both hands are shielding your eyes from the fuzzy future. Your vision will be blocked, your hands will be full and you'll be teetering on one leg! Try to integrate the following eight habits into your day as often as possible.

Should You Repay Your Past? Or Save for Your Future?

Andrew Pyle | Posted 08.09.2012 | Canada
Andrew Pyle

In the wake of May's bond market rally from heaven, administered rates have seen additional downward pressure into June. GIC rates have extended their decline, while Canadian mortgage rates are downright juicy. Given this environment, it's no surprise that Canadians are uncertain as to whether they should be paying down debt instead of building investment nest eggs.

France Lowers Retirement Age

CP | Cecile Brisson, The Associated Press | Posted 08.06.2012 | Canada Business

PARIS - France's new Socialist government moved Wednesday to lower the retirement age for certain workers to 60 years old from 62, bucking the trend i...

Duck Honey, Here Come the Retirees!

Gerald McEachern | Posted 08.01.2012 | Canada Living
Gerald McEachern

Real estate in some parts of Canada is expensive, which makes the East Coast, with its affordable real estate, attractive to potential retirees. So the question becomes, how does a small tourist town accommodate the diversity? Does it want to cater to folks who like art galleries, crafts shops and upmarket restaurants, or does it want to cater to people who like stripper bars, fast food, loud entertainment and rebel paraphernalia?