Sequence of Returns Risk

Coping with the Uncertainty of Investment Returns Imagine that you have been putting away $10,000 at the beginning of each year from 2002 until 2019. For the sake of this example, taxes and commissions are excluded; you have been investing that money into the Canadian stock...

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When should I begin taking CPP?

It is the nature of my profession that I read a lot about personal financial matters. One of the most difficult of such matters has to do with retirement. Financial economists will say that retirement planning is difficult because there are so many variables, or...

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Clarifying Your Vision for Retirement

An Introduction to Retirement Planning – Part 4 Planning for retirement is not just about money. I think you could reasonably argue that money is almost the last thing to be considered. It is the tool that makes your plans for retirement executable. Mind you, it...

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How Much Do I Need to Retire?

An Introduction to Retirement Planning – Part 2 “It is difficult to make predictions, especially about the future.” – Danish proverb   Imagine you and your spouse are 35 years old. You hope to retire at 65. There is an almost 25 percent chance that one of you...

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When can I retire?

An Introduction to Retirement Planning – Part 1 In the middle of this extraordinary COVID-19 pandemic, many of us may feel like we have been forcibly retired. Our governments have shut down large swaths of the economy in order to enable the physical distancing that, we...

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