Giving up on saving?
Giving up on saving means resolving to stay in the workforce at least until government benefits kick in, maybe longer.
Financial Independence
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Retirement savings wakeup call
While almost seven in ten current Canadian retirees say that in retrospect they should have saved for retirement for at least 25 years, a poll finds 15% of those still working will spend less than five years saving for retirement and 6% don’t plan to save at all. Talk about a disconnect! Not surprisingly given [...]
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New year means TFSA top-up time
A belated Happy New Year to all readers and a reminder that every adult Canadian can take a big step this week towards their ultimate financial independence. I refer of course to the fact we can all contribute another $5,500 to our Tax Free Savings Accounts (TFSAs), bringing the total cumulative room to $25,500 (going [...]
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Two prominent boomers reach their Findependence Day
Bank of Montreal’s chief economist Sherry Cooper and Mercer actuary Malcolm Hamilton are gearing up for retirement on their own terms.
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iShares crashes mutual fund gala
While perhaps not as noticeable as the proverbial skunk at the party, BlackRock Canada’s iShares ETF family were a curious aspect of the Morningstar Canadian Investment Awards, held Wednesday night at the Fairmont Royal York Hotel in Toronto. For the most part, the CIA are a tribute to actively managed mutual funds, although there were [...]
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Boomer inheritances
Rising life expectancies mean baby boomer windfalls are coming later and roughly at retirement age.
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‘Poverty and boredom at a single stroke’
Would poverty and boredom be the result of pulling the plug on your career too early?
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Annuities who needs them?
Middle incomer earners who haven’t saved a lot of money might want to looking into annuities.
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TAGS stocksQ&A: Norm Rothery on the Top 200 for 2013
Editor Jon Chevreau gives Norm Rothery the third degree on the MoneySense Top 200.
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Why saving outside a tax shelter is futile
Most investors are lucky to break even investing outside RRSPs or TFSAs, according to Mercer actuary Malcolm Hamilton.
