Retiring business owners between the ages of 50 and 69 are better at financial planning and more active in preparing for retirement than the average Canadian, according to the 22nd Annual RBC RRSP Poll.
As insurance companies withdraw guaranteed income products, now may be the time for those nearing retirement to buy them while they are still around.
Standard Life has announced it is temporarily suspending new sales of its Guaranteed Lifetime Withdrawal Benefit product, effective April 16, 2012.
Financial advisors should take a page out of the pension industry’s playbook and focus more on a client’s retirement liabilities and less on their portfolio value, according to a research paper by Russell Investments.
Wealthy investors are worried about their retirement plans, revealed a new study by consulting firm Spectrem Group. The firm, which specializes in the affluent and retirement markets, found that more than two-thirds of the mass affluent—those with investable assets between $100,000 and $1 million—admit they’re concerned about having enough money set aside for retirement, up […]
The dust is still settling after the minimum age for OAS benefits was extended to 67 in the 2012 budget, and after changes were also made to public sector pensions. Now, advisors must take a second look at the retirement plans of their clients.
Aside from his $110 brogues, Finance Minister Jim Flaherty’s budget had little that was new for the nation’s senior population.
The Ontario budget tabled yesterday included provisions that would see high-income seniors pay a new income-tested deductible on the provincial drug plan, starting August, 2014.
It looks like Ontario has put a roadblock up against Ottawa’s proposed pension reforms, pushing instead for changes to the CPP.
With the proliferation of registered investment vehicles—RRSP, TFSA and soon the PRPP—it may be time to do your due diligence on the newest kid on the block.