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Retirement Costs More than Most People Estimate

How much income do you think you will need to have in retirement to enjoy the same lifestyle you have now? Do you think you could live comfortably on 60 or 70 percent of what you are currently making? While some of your expenses will be lower, retirement costs more than most people realize when […]

By |November 4th, 2013|Uncategorized|0 Comments|

Five Things You Should Know About Retiring in Debt

While the ideal situation would be to retire debt-free, a CIBC poll conducted in July 2012 found that nearly 60 percent of retired Canadians have some debt. Retired Canadians may hold less debt than people who are still in the workforce, but the more debt that you hold on to, the less freedom you will […]

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    5 Ways to Cope with the Squeeze of Being in the Sandwich Generation

5 Ways to Cope with the Squeeze of Being in the Sandwich Generation

If you are feeling caught in the middle of caring for your aging parents while trying to cope with the demands of raising a family of your own, you are definitely not alone. Hundreds of thousands of people make up the “Sandwich Generation,” and they face the dual challenges of offering emotional and financial support […]

By |October 21st, 2013|Financial Planning|0 Comments|
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    New Post-Retirement CPP Benefit Creates Mini-Pension for Seniors

New Post-Retirement CPP Benefit Creates Mini-Pension for Seniors

The new rules for drawing Canada Pension Plan (CPP) benefits while continuing to work are a source of confusion for a number of people. In the past, once you started receiving CPP benefits, you were no longer required to continue making CPP contributions. With the new changes in 2012, it is possible to be drawing […]

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    What Would You Like to Retire To? Planning Tips for Your Retirement Years

What Would You Like to Retire To? Planning Tips for Your Retirement Years

When thinking about your retirement, it is important to look beyond just the financial aspects and take some time to think about the kind of life you envision having in your Golden Years. What makes you happy and brings enjoyment to your life? What would you like to spend more time doing and less time […]

It’s Time to Redefine the “Ideal” Retirement

Do you ever watch old television programs and marvel at “the way things used to be”? They depict situations and values that were normal at the time the shows were made, which don’t seem relevant today. The idea of working for one employer for your entire working life, retiring with a company pension and then […]

By |September 30th, 2013|Retirement Planning|0 Comments|
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    Baby Boomers Do Not Feel that They Have Currently Saved Enough to Retire

Baby Boomers Do Not Feel that They Have Currently Saved Enough to Retire

Canadian baby boomers are pushing their way through to retirement, but that doesn’t necessarily mean they feel they are adequately prepared for this time of life. If your current saving are not enough to fully fund your retirement plans, you’ll need to review all of your available income options to ensure you have enough money […]

By |September 23rd, 2013|Retirement Planning|0 Comments|

More Canadians Entering Defined Contribution Pension Plans

Do you understand how your pension plan is structured? More employers offering this benefit are turning away from the Defined Benefit pension plan (DB Plan) and offering their workers a Defined Contribution Pension Plan (DC Plan) instead. You’ll have to consider your options carefully to make the most of your choices within this structure for […]

By |September 16th, 2013|Retirement Planning|0 Comments|

Is it Time to Retire the Word “Retirement”?

Baby Boomers are reaching retirement age and defining what this stage of life means to them. The world is changing and the financial safety net that previous generations counted on, such as employer pension plans, may no longer be available. At the same time, the idea of being able to blow out 100 candles on […]

By |September 9th, 2013|Retirement Planning|1 Comment|

Thinking of Early Retirement? What You Need to Know First

If you are thinking of early retirement, you may need to put aside more money for your “Golden Years.” Keep in mind that you will have a longer period where you will have to cover your basic fixed costs. You may also have higher lifestyle expenses from a few extra “leisure” years of good health […]

By |September 2nd, 2013|Retirement Planning|0 Comments|