by Robb Engen | Sep 17, 2017 | Retirement
Scott Terrio’s Twitter feed reads like a financial horror story. Terrio, an insolvency expert at Cooper & Co. in Toronto, uses the 140-character medium to share the multitude of ways seemingly well-off Canadians end up buried in debt and turning to debt...
by Marie Engen | Sep 14, 2017 | Retirement
Retirement planning advice for singles is similar to that for couples – track your expenses, clear up debt, automate your savings, and keep investment costs low. However, being single, whether by choice, or as a result of being widowed or divorced, presents some...
by Marie Engen | Sep 12, 2017 | Retirement
When I worked in banking, on December 31 we usually closed the branch at 3 pm so us bankers could get a head start on our New Year’s Eve partying. One year, at about 2:55 pm, a fellow sat down in my office and told me he needed to convert his RRSP to a RRIF. He had...
by Robb Engen | Aug 20, 2017 | Retirement
There are lots of unknowns when it comes to retirement planning. Most of us focus on how much we need to save for retirement without giving much thought as to how much we’re going to spend in retirement. A $1 million dollar nest egg can provide you with $30,000 to...
by Marie Engen | Aug 15, 2017 | Retirement
In financial publications, you regularly read about couples that are wondering if they are able to retire as planned. These people all seem to have above average incomes, company pension plans, have been saving since they were five years old and have amassed a...
by Marie Engen | Aug 8, 2017 | Retirement
Old Age Security (OAS) was originally intended to be a universal program to provide income support payments to Canadian seniors. It is one of the cornerstones of Canada’s retirement income system. It is not a pension plan. You don’t make contributions. OAS is a...
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