Retirement

Is every day a Saturday in retirement? That’s what behavioural scientists Dan Ariely and Aline Holzwarth claimed in a recent study about retirement income. The premise being that when you’re no longer working 40 hours a week (or more) all of a sudden you have 40 hours a week available to spend money. Every day…

How much do I need to retire? How much income can I create from my investment portfolio? These are two of the most common and important questions that retirees will often ask. Those two questions are certainly related, or let’s say one can determine the other. If you can earn a 7 percent annual return…

There’s been a lot written about the advantages of renting rather than owning a home for young people as they try to find the right balance between their financial situations and their housing needs. These days many older homeowners are struggling with this decision too. Empty nesters are thinking, “Our 5-bedroom house is too large…

Prospective retirees want a simple formula for making their retirement plan. There are hundreds of calculators that will crank out numbers showing how many years until you can retire, how much you need to save, and how long your money will last. It’s a good place to start, but don’t stake your entire future on…

Much is written about investing during your working years, but surprisingly little about investing in retirement. How much money should you keep in stocks after retirement? One rule of thumb says the percentage of equities in your portfolio should equal 100 or 110 minus your age, meaning someone turning 70 would have just 30 to…

Once you stop working your objective shifts from growing your investment portfolio to generating income from it. Many retirees obsess over generating enough retirement cash flow from their investments. They prefer a predictable stream of income to partially replace their previous salary income. Here are some strategies for getting cash flow from your retirement portfolio:…

You’ll soon be heading into retirement. You’ve thought about what retired life will look like for you and your spouse (if you have one) and approximately how much this lifestyle is going to cost you. A good retirement budget will not only cover your day-to-day life but will also take into account such things as…

Are Canadians on the brink of a retirement crisis? Private sector pensions have all but disappeared, and one in three Canadians are nearing retirement without any savings. A growing number of seniors are not only carrying mortgage debt into retirement, but also represent an increasing number of bankruptcy filings. Add longevity risk – the prospect…