Nearly half of Canada's baby boomers are still paying down their mortgage while trying to build retirement savings, according to a new poll.
Retired Canadians aren’t budging. According to an Ipsos Reid survey conducted for HomEquity Bank (provider of CHIP Home Income Plan), 61% of retired Canadians intend to stay in their current home as long as possible after retirement.
Michael Berton, a Senior Financial Planner with Assante Financial Management in Vancouver, knew his client’s mental faculties were slipping when he started getting weekly phone calls.
Sooner or later, every homeowner is going to face the decision that my neighbour is about to make. She is of an age and life stage where it makes sense to sell her house and move into a home that requires less upkeep and physical demands. Of course, deciding to move is only part one […]
Back to Almost There home page Ongoing market volatility and global unrest continue to leave Canadians feeling unsettled about retirement, according to the most recent results of the Russell Financial Health Index. The second quarter reading of the online tool shows financial health has declined to the lowest level since inception in late 2008. The […]
An individual pension plan can be an effective vehicle for funding a business owner's retirement and minimizing their personal taxes. It can also play a part in corporate tax planning. And yet it remains something of a rarity in Canada.
The debt crisis in Europe, slowing growth around the world, uncertainty surrounding the U.S. deficit – I think we can all agree that there are plenty of client questions out there to keep us busy. In all parts of life, there are things that we can control and there are things that we can not, and financial planning is no different. Showing your clients how to differentiate between the two helps move the conversation from questions to solutions.
Living on a fixed income has taught Canadian retirees a valuable lesson on the importance of budgeting, according to a Harris-Decima poll commissioned by CIBC. Two-thirds of retirees said they have a budget in place and use it to track their monthly spending, slightly ahead of the 60% of all other Canadians. But where retirees […]
The federal government has launched a campaign to encourage adoption of Pooled Registered Pension Plans (PRPPs), as Ted Menzies, Minister of State (Finance) used a Toronto small business as a backdrop to extol the plan’s virtues. “PRPPs will play a critical role in improving the range of retirement savings options available to Canadians by providing […]
Even after reaching retirement, investors need to continue managing their finances prudently to ensure a healthy retirement stream.