Don’t let your client live longer than his money
My colleague is always on the lookout for deals and bargains. Growing up in Saint Petersburg during a transitioning Russian economy made everyone resourceful. She and her family have used coupons to clean out stores, with the clerk paying her at checkout! She applies the same frugal approach to constructing core-and-satellite structures for taxable portfolios, and saves money by systematically harvesting tax losses using ETFs.
The latest DC retirement index from Towers Watson shows a slight increase in monthly pension, from a low of 13.4% of monthly wages in November 2012 to just 15.2% as of September 1, 2013.
The majority of Canadians are nowhere near reaching their retirement goals, finds a survey by the Canadian Payroll Association released today.
It’s official — not only are Canadians getting older, they’re also living longer
The Office of the Superintendent of Financial Institutions (OSFI) has issued Manulife Financial a license to administer federal Pooled Registered Pension Plans (PRPPs).
The aging population won't necessarily have a major negative impact on the U.S. economy, according to BMO Senior Economist Sal Guatieri.
Pension assets remained unchanged during the second quarter of 2013, as a spike in interest rates in June negated advances in April and May.
The majority (82%) are content with their current lifestyles, and a third have too many activities and too little time, finds a study by BMO Financial Group.
With the elimination of mandatory retirement, many people are choosing to work past 65. Some by choice, and some by necessity because they haven't saved enough for their golden years.