Retirement Saving

Seniors’ Election Agenda

Seniors’ Election Agenda

Sign that encourages voters to vote strategically is set up on Campeau drive in Kanata . James Park / Ottawa Citizen   I’ve been off the grid for several weeks due to a vacation and a family tragedy, But even in Europe we downloaded the replica versions of the Globe and Mail and the Toronto Star and closely followed election polls. In fact we voted in the advance polls because walking t... »

Book Review: Wealthing Like Rabbits

Book Review: Wealthing Like Rabbits

I don’t often review personal finance books because it seems to take an inordinate amount of time to wade through yet another statement of the obvious just to glean enough cogent information to give readers a taste of what the book is all about. But when I read accolades from the likes of Gail Vaz-Oxlade, Preet Bannerjee, Roma Luciw, Dan Bortolotti plus a whole bunch of my other favourite personal... »

Questions I asked myself when planning for retirement

Questions I asked myself when planning for retirement

The post Questions to ask yourself when planning for retirement by Scott Wallace on Retire Happy made me think about whether my husband and I have covered all the bases in our preparation for the next chapter of our lives. These thoughts are particularly relevant this week because both of our 65th birthdays are imminent and Joel’s official retirement date is at the end of this week. So I thought I... »

Most Canadians are saving enough for retirement: Malcolm Hamilton

Most Canadians are saving enough for retirement: Malcolm Hamilton

Do Canadians save too little? Malcolm Hamilton doesn’t think so. In a recent Commentary he wrote for the C.D. Howe Institute, the retired pension actuary and C.D. Howe Senior Fellow concludes that Canadians are reasonably well-prepared for retirement. Most save more than the 5% household savings rate. Most can retire comfortable on less than the traditional 70% replacement target. I wasn’t surpris... »

Voluntary CPP contributions will favour high earners

Voluntary CPP contributions will favour high earners

When I heard the announcement that the Conservative government is considering allowing Canadians to make additional voluntary contributions to the Canada Pension Plan, my first reaction was that maybe that’s not a bad idea. After all, the CPP Fund reported last week a return of 18.3% for its latest financial year, its best showing ever. I don’t know about you, but I’d be happy if CPP was managing ... »

Will Alberta NDP support an expanded CPP?

Will Alberta NDP support an expanded CPP?

In all of the media coverage of the stunning NDP win in Alberta this week, the one item that raised more questions than answers in my mind was a press release from CARP titled “Alberta Election Results make CPP increase more likely.” A new Nanos survey conducted for The Globe and Mail reveals Canadians still overwhelming support an expanded CPP which is strongly opposed by Prime Minister Stephen H... »

What will your retirement look like?

What will your retirement look like?

When I read survey results, it usually seems like just a jumble of numbers unless I can somehow relate to the data in the context of my own experience. As I officially retired 10 years ago from my career as a pension lawyer but immediately embraced an encore career as a personal finance writer, it is not surprising that HSBC’s new global study The future of retirement* resonates for me on many lev... »

A post-budget TFSA primer

A post-budget TFSA primer

Adrian Mastracci, KCM Wealth By Adrian Mastracci, KCM Wealth Management Edited and reposted from the Financial Independence Hub with permission Measures from last week’s Federal Budget gave the TFSA a healthy shot in the arm. As a result, many investors are wondering whether to pursue a TFSA or RRSP strategy. Quite simply, the TFSA, which started in 2009, complements your RRSPs and RRIFs so it nee... »

My Take on the Federal Budget

My Take on the Federal Budget

I haven’t written about the Federal Budget yet because I’ve had my ear to the ground listening to what everyone else has to say. First of all, I freely admit I have no idea what is good for the economy. Of course I like the RRIF and TFSA changes because my husband and I are on the cusp of retirement. But be assured that it would take alot more than a pre-election budget to change my vo... »

Federal Budget: What do seniors want?

Federal Budget: What do seniors want?

You can join CARP even if you are as young as age 45. But although I was born in 1950, I waited until this year to join. I guess I didn’t want to identify as “old” or “getting older” and the term “Zoomer” coined by CARP President and media mogul Moses Znaimer made me think of seniors zipping around on motorized scooters. What finally did it for me, is that we will no longer be eligible for a corpo... »

Media scan: Week of March 23rd

Media scan: Week of March 23rd

This week I posted on Retirement Redux How the medical tax deduction can save you money and Anti-Fraud month: Seniors scams to watch out for. How hiring a professional organizer can save you money appeared on savewithspp.com and Here’s some clarity on workplace benefits was featured on Brighter Life. Here are some of the interesting blogs and articles I read. Blogger and pension analyst Sean Coope... »

Media scan: Week of March 16th

Media scan: Week of March 16th

This week I wrote 8 things I learned on my vacation and How to reform retirement savings for retirementredux.com. Is your company car a free ride? was posted on BrighterLife.ca and What is a prescribed RRIF? appeared on savewithspp.com.  Here are some of the interesting blogs and articles I read: On RetireHappy, government benefits guru Doug Runchey wrote Understanding the OAS clawback. Runchey sa... »

How to reform retirement savings

How to reform retirement savings

RRSP season may be over again for another year, but the ongoing debate about how we can modify the retirement savings system so Canadians have more money to spend in retirement is heating up again, in anticipation of the federal budget which will likely be tabled within the next few months. Recently the Globe and Mail published a series of four editorials on how the alphabet soup of tax-assisted a... »

Media scan: Week of March 9th

Media scan: Week of March 9th

I enjoyed our two week break from winter weather and from writing but now it’s back to spring weather (for as long as it lasts) and back to business. This week I wrote A Tale of Two Retirees and Cutting of WSIB payments at age 65 not a Charter violation for RetirementRedux. Author Gail Bowen: A Saskatchewan Success Story appeared on savewithspp.com and Employee benefits: Taxable or not? was posted... »

A Tale of Two Retirees

A Tale of Two Retirees

If you regularly read blogs like Canadian Dream: Free at 45, Early Retirement Extreme, Mr. Money Mustache or Freedom 35 you may think that everybody but you has managed to sock away enough money to retire very early and spend the rest of their life checking off items on their bucket list. But the recently released 2015 Canadian Unretirement Index Report tells a very different story. This year, for... »

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