“This leaves a total outstanding now of $204,939, with the interest owing being 25% of the balance owing after only five years,” says Ardrey. “As time goes on,…
Read more Why a reverse mortgage should be a last resort for Canadian retirees – MoneySenseAs you know, of course, annuities and GICs are not the same thing. An annuity provides a guaranteed income for life, or a set time period, and it…
Read more Annuity vs. GIC: What makes sense for retiring? – MoneySenseWhat are EI benefits? What are special benefits? Regular benefits are paid to eligible employees who lose their job through no fault of their own, JM. Typically, this…
Read more How to qualify for EI benefits in retirement – MoneySenseMike, you are at risk of leaving too much money after you die, and it may not be until you reach age 70, 75 or 80 when you…
Read more How to model retirement income in Canada – MoneySenseIn other words, during the near-zero interest rates that prevailed until recently, investors wanting real inflation-adjusted returns had almost no choice but to embrace stocks. (Read more about TINA…
Read more Are GICs worth it for Canadian retirees? – MoneySense
