Archive for October 2015
Weekend Reading: Succession Planning Edition
Earlier this week, Million Dollar Journey blogger Frugal Trader wrote a letter to his wife explaining how their finances work in case he passes away and she needs to succeed him as the household CFO. It’s an interesting topic, and one that former Boomer & Echo correspondent Sandi Martin covered here last year. Although his wife has little-to-no…
Read MoreUnderstanding Your Retirement Benefits: Part 3 – Private Pension Plans
According to Statistics Canada, in 2012 38.4 percent of employees were enrolled in a Registered Pension Plan. The most common types of pension plans are defined benefit (DB) and defined contribution (DC). Of those employees, 71.5 percent were in a defined benefit plan. Defined contribution plans accounted for 16.7 percent. (The remainder belong to some…
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