Slaying the inflation dragon
Inflation may soon breathe fire on your retirement savings, and traditional portfolios of stocks and bonds are at risk. Here’s how to choose investments that can prevent your nest egg from getting cooked.
David Aston
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An income layer cake
Your retirement income will come from a variety of sources: government, pensions, your portfolio, part-time work, and maybe even your home equity. How can you keep your cash flow smooth and tax-efficient?
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Your last care package
Seniors who need specialized health care typically pay for it with savings or home equity. Now long-term care insurance promises to relieve that burden. Which strategy should you use to fund your final years?
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Is retirement overrated?
Images of smiling silver-haired couples on sun-kissed beaches don’t reflect reality. Today, retirement is not about a permanent vacation: it’s about having control over your time.
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How large will your nest egg need to be?
If you use a 4% initial withdrawal rate, you’ll need a nest egg 25 times the annual amount you draw from it.
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Make your nest egg last
Financial planners have long said you can safely draw down 4% of your portfolio each year in retirement. But does that number still hold up?
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The 7 new retirement strategies
Canadians can no longer rely on pensions, government benefits and bull markets to carry them through their golden years. Here’s how to make the new retirement work for you.
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Buy now, save later
We tell young people they should save for retirement and pay off their mortgages at the same time. But in this era of lofty home prices, that’s often impossible. Here’s a different plan that can help you to do both.
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How much can you save?
Most people with at least average incomes should be able to comfortably set aside about 20% of their income.
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Supersize your OAS payments
A new rule change means you can choose to supersize your OAS payouts.
