Clik here to view.
What happens to my RRSP when I retire?
You can leave your investments inside your RRSP until you’re 71, regardless of whether you’re working or not. But at age 71, you have to wind up your RRSP and start taking the money out. If you took...
View ArticleClik here to view.
Annuities: Your DIY pension plan
Illustration By Dale Edwin Murray Annuities may be the best retirement product that hardly anyone buys. Like defined benefit pensions, they provide guaranteed income for as long as you live. But while...
View ArticleIncome from an annuity is partially tax sheltered
Q: Do payments from an annuity (bought with after-tax money) trigger a clawback of the Guaranteed Income Supplement? —J.T. A: Money all looks the same when it arrives in your bank account. But when it...
View ArticleClik here to view.
Retirement: It’s all in the timing
(Illustration by Paul Garland) When you were younger, you may have focused on beating the market. But when you reach retirement, you need to ensure the market doesn’t beat you. Retirement fundamentally...
View ArticleHow not to go 40 years without a paycheque
Marketwatch.com has just published a scary piece based on a research study that warns 44% of all early baby boomer households are likely to run short of money in retirement. It refers to an Allianz...
View ArticleClik here to view.
Tontine: Retirement plan of the future?
(Andy Roberts/Getty Images) Advances in life expectancy coupled with the decline of employer-sponsored defined benefit pension plans has greatly raised anxiety levels about seniors outliving their...
View ArticleClik here to view.
The case for tontines: part 2
Getty Images Last week in this space we looked at a Medieval risk-sharing concept called the tontine, as reprised by finance professor Moshe Milevsky in his recently published book, King William’s...
View ArticleClik here to view.
Afraid of outliving your money? Annuities might be for you
(Image Source/Getty Images) OTTAWA – If you’re worried that you’re going to run out of money in retirement, then an annuity may be something you want to consider as part of your financial plan, experts...
View ArticleCautiously investing for retirement
@media all and (min-width: 1008px) and (max-width: 1264px) { .tab-nav li.menu-item a{ padding: 22px 18px; } } Q: I have funds sitting in a high interest bank account. I am totally risk adverse because...
View ArticleNew RRIF rules may mean lower GMWB payouts
Many cheered when the federal government lowered the minimum RRIF withdrawals in the 2015 budget. With Canadians living longer and earning lower fixed-income returns, proponents said the move meant...
View Article
