Who’s Responsible for Making Sure You Have Enough to Retire?
Recently, the Institute for Research on Public Policy comprised a survey and found that over half of Canadians who are over 40 and have yearly gross incomes of $35,000 to $80,000 will lose about 25 per cent of the income they’re currently making once they enter retirement. After first hearing this, it may not come…
Read moreIt’s Getting to be RRSP Season!
We know, we’re still nearly two months away from that dreaded March 1, 2013 deadline. Once that day hits, you can no longer contribute to your RRSP and still claim that money on your income taxes. Of course you can make smaller contributions throughout the year to get you up to that maximum mark and…
Read morePlanning may not be Such a Huge Part of Retirement After All
Everyone hears all the time about how important retirement planning is. You should have a good idea of how much money you’ll need every month, and work until you have that much saved in order to live income-free comfortably. But, as so many retirees are finding out, it doesn’t matter how much they plan. The…
Read moreGeneration X, Retirement, and Mistakes
The Financial Post recently ran an interview they did with finance guru and author of the book The Real Cost of Living, Carmen Wong Ulrich. During the interview Ulrich focused on the mistakes Generation Xers are making when it comes to their retirement. The points she makes are good, and are timely in nature, as…
Read moreWhy are So Many Retirees Choosing to Work?
In the recent labour talks between the Ontario teachers and Ontario’s Ministry of Education, one of the proposals is to reduce the amount of days a retired teacher can fill in as substitute. This, states the proposal, will give younger teachers a chance for more work opportunities. And while this may be one of many…
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