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[ad_1] A Canadian retiree’s main decision with this Sun Life product is the age they want the funds to last until (the maturity age). They can...
[ad_1] The difficulties facing newcomers to Canada with respect to retirement planning are particularly acute. Given how Canada’s immigration points system works, economic immigrants are usually...
[ad_1] “If someone’s not lucky enough to have a company pension, it’s that much more crucial for them to be building up savings on their own,”...
[ad_1] Working as a financial planner, I am often asked, “What is the most tax-efficient way to draw down on investments?” From the outset, I question...
[ad_1] It’s not as big a problem as you might think. The key is to try to mimic the pay-yourself-first approach by setting up an automatic...
[ad_1] “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...
[ad_1] On the other hand, if you aren’t happy with any of these options, do some research, says Ulmer. “Talk to people who you think are...
[ad_1] About the Canada Pension Plan (CPP) The Canada Pension Plan is a retirement pension that offers replacement income once a person retires from working life....
[ad_1] All the while, you’ve got a serious case of FOMO every time you check social media—all those friends who are jetting off on lavish vacations,...
[ad_1] Die Broke is the book where I first encountered the colourful quip about how the last cheque you write should be to your undertaker, and...
[ad_1] Canada Pension Plan (CPP) deferral: CPP deferral is worth considering for any healthy senior in their 60s. If you live well into your 80s, you...
[ad_1] Unless taxpayers make a request, there are no withholding taxes on the minimum RRIF withdrawal. This can result in the Canada Revenue Agency (CRA) requesting...
[ad_1] Are you on track, or are you playing catch up? For some Canadians, that may feel like plenty of time to ramp up their retirement...
[ad_1] Mike, you are at risk of leaving too much money after you die, and it may not be until you reach age 70, 75 or...
[ad_1] In 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...
[ad_1] The second phase of the Canadian Pension Plan (CPP) enhancement program has come into effect as of January 2024, and with it, the final CPP...
[ad_1] While saving for retirement is a top priority for half of employed Canadians, many of us (44%) did not actually set aside money for it...
[ad_1] Now, after a fair bit of research and a few interviews with experts on infinite banking, I feel I know enough to pass on the...
[ad_1] Savings versus savings bonds: which is better? To help you decide, let’s take a historical look at the returns of investments and 30-day Canadian Treasury...
[ad_1] At $499, the course does represent a major investment, but the outlay could be considered a bargain if it helps some DIY retirees escape the...