Why are the world’s largest corporations redefining the role of business?

How much of your current income will you need in retirement? The answer to this question is called the replacement ratio and is a major driver of the retirement planning piece. It will be different for everyone, so I outline how you can figure out your own replacement ratio that will ultimately determine how much you need to save for retirement.

I’m often critical of Canada’s financial regulators, but I applaud a recent effort by the country’s securities commissions to highlight the very real and growing problem of financial abuse of the elderly.

The latest episode of the Canadian Couch Potato podcast features an interview with Dr. Stephen Wendel, Head of Behavioural Science at Morningstar. Wendel heads up a research initiative called the Investor Success Project, which focuses on the human factors that dominate personal finance.

Live in the studio with us today is Preet Banerjee, renowned speaker, personal finance expert, consultant and author of Stop Overthinking Your Money.

If you’ve got a fair amount of common sense – and you must, if you’re following my Common Sense Investing series – you probably already know that perfection is hard to find. In other words, in the search for solid answers to life’s greatest questions, you’ll usually find a lot more shades of gray, than pure-black or all-white.

Since the founding of PWL Capital, we have adhered to the principle that our clients’ interests must come first in all our interactions and decisions.

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.

Today we’re diving into the recent CPPIB report that portrays actively managed funds in the most optimistic light. But before you trade in your index funds, we look at the methodologies and calculations employed by the report and show why there are a number of issues with their findings.

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.

When talking about saving for retirement, most people default to the common 10 or 15 percent of income towards retirement. But are those numbers accurate and is this a reasonable approach? I outline this traditional approach, and compare it to another approach that takes into consideration a typical Canadian’s financial scenario.