The Harper Government has pre-published regulatory proposals to address provisions of the Pooled Registered Pension Plans Act (Bill C-25), says Ted Menzies, Minister of State (Finance). “These proposed regulations take us one step closer to a new large-scale and low-cost defined contribution pension option for millions of Canadians currently without access to a workplace pension […]
Conventional wisdom about retirement planning needs to be adapted to suit the new environment faced by today’s Canadians who are retired or about to retire.
Market volatility isn’t making it easy for anybody to plan for retirement. Why not consider what the national economic policymakers are doing and learn from their mistakes?
Standard Life has launched a new Pooled Registered Pension Plan website, given that retirees and aging clients are starting to seriously consider their wealth accumulation options. Read: An advisors guide to PRPPs The Canadian industry is waiting for a number of details to be determined by governments, including criteria that’ll determine the administrative costs of […]
IPPs are still an effective way to defer tax, and incentivize employees
More than half (60%) of retired Canadians continue to hold debt, finds a CIBC poll. Retired Canadians hold less debt than those currently working, but they’re less likely to be accelerating debt repayment. “Their debt could be stagnant and may end up costing them more in interest over a longer period of time,” says Christina […]
Individual pension plans: a potent source of retirement income
A fiendish array of forces is conspiring against boomers’ retirement planning efforts.
It’s not enough to guide clients into retirement. You have to ensure they have enough money to live through it.
Once you've guided clients into retirement, you have to make sure they don't outlive their money. Yet retirees who grew up during the Depression may spend frivolously in response to a lifetime of penny pinching.