Living in Retirement Graham Westmacott The impact of low interest rates on retirement. PWL Capital 2020-10-29T08:30:24 October 29, 2020 Joe is in a quandary. He had figured that he would buy a new truck in 3 years. He hadn’t been paying attention to the news much and assumed his $40,000 savings would grow by 3% annually so he estimated he would have approximately $44,000 to spend. In fact, given current interest rates, his interest rate on his savings is close to zero.
Living in Retirement Peter Guay Our pension managers are among the best in the world 2020-09-18T08:30:32 September 18, 2020 Polls consistently indicate Canadians feel a high level of pride in their country. This one, for example, found 90% of respondents are proud to be Canadian compared to 74% of Americans who expressed the same sentiment toward their country.
Personal Wealth Graham Westmacott Are My Savings Goals in Ruins? 2020-03-31T11:05:56 March 31, 2020 Stocks have fallen approximately 25% since the start of the year. Does this mean my retirement plans and other financial goals are in ruins?
Living in Retirement Peter Guay How to avoid the OAS clawback 2020-03-6T15:09:49 March 6, 2020 We’ve just finished the RRSP season when many Canadians make a last-minute contribution to beat the deadline for a deduction on their 2019 income taxes.
Living in Retirement Peter Guay Will Ottawa’s annuity plan give retirees the peace of mind they need? 2020-02-21T10:18:37 February 21, 2020 With low interest rates, fewer defined benefit pension plans and longer life expectancies, more people than ever are concerned about outliving their savings in retirement. In fact, surveys indicate running out of money is the biggest fear of seniors, with some studies finding that many people consider it a fate worse than death itself.
Living in Retirement Graham Westmacott RRSPs, RRIFs, death and taxes. 2019-08-28T11:21:00 August 28, 2019 Does accelerating withdrawals from registered retirement plans reduce taxes? Prompted by the recent death of a friend, a client asked what they could to avoid a large tax bill from their registered savings when they died.
Living in Retirement Susan Daley Old Age Security (OAS) Explained 2019-08-9T10:00:20 August 9, 2019 Old Age Security, commonly referred to as OAS, provided a base level of retirement income to over 6 million Canadians in January 2019. I outline how OAS works and how to determine the amount you will be eligible for.
Living in Retirement Graham Westmacott Target wealth: A new approach to the retirement challenge 2019-07-24T10:00:01 July 24, 2019 A better way to convert savings into retirement income. The defined benefit pension plan, a traditional mainstay of retirement planning, is on its way to extinction.
Living in Retirement Nancy Graham How Does a “Monte Carlo Simulation” Work? 2019-07-12T10:30:00 July 12, 2019 As soon as I’m put in charge of simplifying all our financial jargon, one of the first ones I’d like to take on is Monte Carlo Simulation. Or it’s sometimes called Monte Carlo Analysis.
Living in Retirement Nancy Graham Will I Spend Less When I Retire? 2019-06-26T14:50:56 June 26, 2019 So … you’re thinking about retiring. Someday, anyway. To prepare, you’ve been saving to your Registered Retirement Savings Plan (RRSP) and your Tax-Free Savings Account (TFSA). Maybe you’ve got a pension at work, and have been calculating what to expect from the government.
Living in Retirement Graham Westmacott A better way to fund your retirement: ARVA explained 2019-06-17T09:53:29 June 17, 2019 The usual rule of thumb that people use to plan how to fund their retirement is to withdraw 4% a year from their pool of savings.