While saving represents the most important part of financial planning, it may be difficult to decide where to invest these savings. Given the choice between a registered retirement savings plan (RRSP), a registered education savings plan (RESP) and a tax-free savings account (TFSA), which...
November 30, 2011 - 8 h 00
We hear it all the time: life expectancies in Canada are on the rise. Although this is good news, financial considerations can cast a bit of a shadow over this happy picture. The older we get, the more we face health problems of all sorts, and...
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November 23, 2011 - 8 h 00
A lot of women don’t realize that it will cost them much more than men to live out their golden years in the same comfort. It may not seem fair but it’s an eternal truth we financial advisors know well.
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November 16, 2011 - 8 h 00
We often hear people approaching retirement talking of their “pension.” Some appear to have great hopes for their pension and have great projects in mind: “When I retire,….” But how much income are we really talking about? How much is...
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November 9, 2011 - 8 h 00
You probably remember how the country’s pension plans were hard hit by the 2008 economic crisis, with drops in asset value that were sometimes considerable. At the time (and still today), many observers feared that the public retirement funds...
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November 2, 2011 - 8 h 00
There’s a lot of talk in the news these days about how more and more pensions are defined contribution plans, but the differences between defined contribution and defined benefit plans are not always explained, even though they are crucial to...
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October 26, 2011 - 8 h 00
Retirement means different things to many people: for some, it means traveling, while for others, it’s a time to spend with friends and family, pursue recreational activities or volunteer. The reality however is that more and more potential...
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October 19, 2011 - 8 h 00
Even though the last few years of work before retirement seem to stretch out for some, others take them in stride. Often, they hope that delaying their retirement will allow them to have a higher income later. But, this is not always the case. Is...
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October 12, 2011 - 8 h 00
One of the top personal finance dilemmas is choosing between contributing to an RRSP or paying down debt. If you’ve never asked yourself this question, it may just be a matter of time. It’s not always an easy decision to make because the...
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October 5, 2011 - 8 h 00
When you’re 25, retirement seems like a long way off. You already have many other things to worry about—starting your career, buying a house, paying off your student loans... Why add to the burden by planning for an event that is some 40 years...
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September 28, 2011 - 8 h 00
Imagine for a moment that your retirement has finally arrived. You wake up—with no alarm clock—on the very first day of the rest of your life. You get out of bed … and then what?
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