Posts Tagged ‘Retirement’
RRSPs Are Not A Scam: A Guide For The Anti-RRSP Crowd
“I don’t invest in my RRSP anymore because I’ll have to pay tax on the withdrawals.” This type of thinking around RRSPs has become increasingly common since the TFSA was introduced in 2009. The anti-RRSP crowd must come from one of two schools of thought: They believe their tax rate will be higher in the…
Read MoreA Realistic Retirement Income Target
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 could be as low as 35-40 percent (i.e. for couples…
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