by Robb Engen | Feb 18, 2019 | Retirement
It might seem counterintuitive to spend down your own retirement savings while at the same time deferring government benefits such as CPP and OAS past age 65. But that’s precisely the type of strategy that can increase your income, save on taxes, and protect...
by Robb Engen | Feb 1, 2019 | Retirement
It’s perhaps the greatest tax-planning tool available to Canadians, yet RRSPs still remains a mystery to some and are underutilized by many. BMO’s 9th annual RRSP study digs into the data to examine Canadians’ RRSP contribution habits and highlight key trends. Average...
by Kyle Prevost | Jan 2, 2019 | Retirement
If you’re like many Canadians, you don’t spend a lot of time thinking about this whole pension thing we have going on. You know/hope it will be there when you turn 65. You know that a decent chunk gets taken off of your cheque each month (along with a bunch of other...
by Robb Engen | Oct 25, 2018 | Retirement
In The Essential Retirement Guide, author Fred Vettese argues that the widely accepted retirement income target of 70 percent of final pay is too high. A more realistic retirement income target, according to Mr. Vettese, may be closer to 50 percent and in some cases...
by Robb Engen | Sep 14, 2018 | 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...
by Robb Engen | Aug 29, 2018 | Retirement
I contribute to a defined benefit pension plan at work. How much will I get from the pension plan in retirement? That depends on when I retire or leave the plan. Hang on, we’re about to get math-y. Normal retirement age is 65 and I joined the pension plan in...
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