Retirement: The Non-Financial Aspects

You are the right age to retire. You have the right amount of money. Is that it, though? What are you retiring into? Has that even been part of your thinking? What other aspects of retirement do you need to get into place?   Emotional Issues in...

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Advisors Behaving Badly

I like to think that most investment advisors seek to do what they think is best for their clients. However, there are advisors who do the wrong thing, sometimes out of ignorance, sometimes due to poor supervision, and sometimes because they are predators, only in...

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What Does the Canada Pension Plan Invest In?

I occasionally participate in an online forum of retirees or near-retirees. Judging by the comments, many are suspicious of the Canada Pension Plan. It seems to boil down to three responses:   The government is raiding our retirement nest egg – there will be nothing left...

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Personal Finance When Life is Short

Financial planners often encourage their clients to think long-term. We are more cautious about the risk of living too long, longevity risk, than we are about dying young.   I subscribed to the print version of MoneySense magazine for many years before it went fully online. I...

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Indigenous Peoples and Financial Planning

The recent news of gravesites being discovered on grounds associated with residential schools has caused many to reflect on the meaning of July 1, Canada Day. Despite growing up in Chilliwack, BC, where many of my secondary school classmates were from local First Nations, I...

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Three contribution strategies for your child’s RESP

If you are expecting a child to come into your home, you may already be thinking about how you can help support the cost of their post-secondary education. The cost of schooling seems to be consistently outpacing inflation. How can your child positively afford it?...

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Financial Planning Suggestions for Young Adults

As I write this in late spring, this is the season when graduating students are transitioning from the academy to employment. Many financial matters that may have previously been taken care of, or at least “backstopped,” by parents are now their own to address. If...

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A New Tool in the Fight Against Longevity Risk

What is Longevity Risk? “Nothing is more difficult than retirement income planning.” I have heard or read variations of that phrase multiple times in the last few years. Why is it so difficult? After all, people are retiring every day in Canada. Hasn’t this been figured...

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