There's been a significant increase in the number of self-employed workers.
Two-thirds of Canadians (65%) either don’t have a retirement savings plan or did not make any contributions to their RSP in 2012, finds an ING DIRECT study. When asked what concerns them most about their impending golden years, 56% admit not having enough income to sustain a good quality of life, while 13% are afraid […]
Most people already know that Canadians under the age of 50 will not receive their OAS benefits until the age of 67, instead of 65. Read: Applying OAS for rich clients To help these clients plan for the change, Ativa Interactive Corporation has introduced two new tools. A video explains the changes, while a calculator […]
Clients nearing retirement may be facing the hard reality that they can’t afford the post-work lifestyles they wanted. It’s likely they haven’t saved enough to cover rising inflation, changes to CPP and OAS, or the fact that they’re going to live longer. Read: Goodbye retirement? In fact, 30% of Canadians aren’t sure how long their […]
Studies show women aren’t taking full advantage of financial opportunities due to misconceptions and lack of knowledge about investing. But an article on ReadersDigest.ca shows, if anything, women need to invest more than men to gain financial security against life’s curve balls. One of the ways women can do that is by not relying on […]
Canada can’t afford your clients anymore. This is evinced by recent changes to CPP, and a looming increase in OAS eligibility age to 67 for anyone born after 1958.
Though confident they’ll be able to fund their retirements, many Canadians neglect proper planning.
Scotiabank is offering a one-year GIC with a special rate of 1.6%.
Empire Life has introduced its next generation of guaranteed withdrawal benefit solutions.
Are clients hoping to retire in their 60s? Then they need a wakeup call. A TD poll finds 15% of Canadians plan to save for less than five years before leaving the workforce. That’s not enough, say retirees who’ve already faced the harsh realities. More than two-thirds of retirees say, in hindsight, they should have […]