Saving for Retirement is Easy; Spending in Retirement – Not So Much You have been saving for retirement all your life. If you are a resident of Canada, you have been building up credits toward receiving Old Age Security (OAS). If you have been employed, you...
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When I was a young boy living on the more rural outskirts of Chilliwack, BC, my brother and I would often go over to our cousin’s place just up the road and sleep outside overnight. This was in the summertime, of course. We would look...
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If you have worked in Canada, you will have contributed to the Canada (or Quebec) Pension Plan (CPP/QPP) and will be eligible to receive regular monthly payments from the plan as early as age 60. If you have been a resident of Canada for at...
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Employed: Defined Contribution Registered Pension Plan Let’s suppose the following scenario: You are in your mid-40s and have worked for one employer for the entirety of your working career. Throughout, your employer had provided its employees a defined contribution registered pension plan which was based on...
Read MoreOne of the insights from behavioural finance is that we all benefit from systematizing and automating our financial behaviour. Set up your bill payments to come out of your bank account automatically, and you will never worry about missing your payments again. Sign up for...
Read MoreThere is a temptation to view financial planning as little more than a dressed-up term for investment advice. Having worked in the investment industry for over a decade, it is a view I am tempted to follow. However, financial planning involves a much broader range...
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