Retirement
Should You Keep Your Company Pension Or Take The Commuted Value?
Employees may be given the choice to stay in the company pension plan and receive a lifetime monthly pension at retirement, or take the commuted value out of the plan.
Read MoreRetirement Plan B: A Light Hearted Look
If I don’t think I’ll have enough money to live comfortably in my old age, I have a retirement plan B – move in with one of my kids!
Read MoreRegistered Retirement Income Fund: What Is A RRIF?
A Registered Retirement Income Fund (RRIF) is a product that allows you to continue to defer taxes owing on your saving until the money is withdrawn.
Read MoreDrug Coverage For Seniors
I looked into the various provincial plans and found that, for the most part, seniors do have complete or partial drug coverage. All the provinces have very different plans.
Read MoreShould You Make RRSP Contributions If You Have A Pension?
When discussing retirement planning I wondered if you should contribute to your RRSP if you have a defined benefit pension plan?
Read MoreAssisting Elderly Parents
I have spent the last several weeks caring for my elderly parents to get them organized for their move to an assisted living apartment.
Read MoreIs Debt Derailing Your Retirement Plans?
You should also consider the long-term effects of debt. One of the surest ways to derail your retirement plans is to have debt.One of the surest ways to derail your retirement plans is to have debt.
Read MoreThe Stage Of Life Formerly Known As Retirement
The idea of retirement as a universal reward for a lifetime of hard work is relatively recent. Just a couple of generations ago it was assumed that you would work until you were physically incapable of doing so.
Read MoreSettling In To A Retirement Community
My brother and I have spent several months investigating various senior care facilities and retirement communities for our parents. They are in their mid to late 80’s.
Read MoreChoose Your Retirement Date
The problem that many people face is that they don’t know if they have the resources to be able to retire at 55, or even at the standard retirement age of 65.
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