What I’ve Learned So Far In Retirement

What I’ve Learned So Far In Retirement

Through most of the five years the Financial Independence Hub has existed, Boomer & Echo’s Robb Engen has been kind enough to allow the “Hub” to republish some of his blogs that first appeared on his own site. He recently suggested we turn the tables and invited...
3 Reasons To Take CPP At Age 60

3 Reasons To Take CPP At Age 60

It’s generally not wise to voluntarily take up to a 36 percent reduction in income, especially if that income is paid for life. But that’s exactly what happens to retirees who elect to take CPP at age 60. I’m a big proponent of delaying CPP up to age...
Women, Wealth, and Retirement

Women, Wealth, and Retirement

One of my very first financial planning clients was a single woman in her late 40s named Rachel who lived in Toronto and worked as a self-employed consultant to the not-for-profit sector. She made good money but lacked the confidence to manage her day-to-day finances...
3 Reasons To Take CPP At Age 70

3 Reasons To Take CPP At Age 70

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...
Examining Canadians’ RRSP Contribution Habits

Examining Canadians’ RRSP Contribution Habits

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...

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