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SELF-PUBLISHED

Important RRSP information if you are turning 71

What you must do before Dec. 31 Registered Retirement Savings Plans do not last indefinitely. In fact, they must be closed down by the end of the year in which you turn 71. So if you are in that age group this year, you have until Dec. 31 to convert your RRSP into...

SELF-PUBLISHED

Power up your RRSP planning now!

Make the most of this wealth-creation tool all year Many investors only think about their Registered Retirement Savings Plan (RRSP) in February. But that’s really just a conditioned reflex, spurred on by financial institutions to get you to give them money in the...

SELF-PUBLISHED

Retiring now? How to avoid pandemic panic

Coping with withdrawal risks and benefiting from RRIF rule changes The onset of the COVID-19 pandemic has thrown many retirement plans into disarray. The collapse of the stock market in March, volatility in bond prices, the crash of energy markets, and the shutdown...

TELEVISION

Retirement planning during the pandemic

Robyn Thompson is featured in BNN’s “The Open” with host John Erlichman, discussing how retirement planning is affected by the COVID-19 pandemic and what retirees (and those ready to retire) can do to protect their nest-egg and secure their income streams into the...

NEWSPRINT

Financial planning for a personal healthcare crisis

Robyn Thompson is featured in The Globe and Mail’s “Financial Facelift” series by Diane Maley. At 53, with his house paid off and more than $1 million in savings, Randy was cruising to a comfortable retirement. But his plans were turned upside down when he was...

NEWSPRINT

Robyn has good news for worried retired teacher

Robyn Thompson is featured in The Globe and Mail’s “Financial Facelift” series by Diane Maley. This time, Ruth, a retired teacher, is worried that her existing savings and reduced income won’t be enough to provide for her kids’ university education or support her...

SELF-PUBLISHED

Making retirement income last

Managing income streams tax efficiently Many people on the cusp of retirement are wondering whether they’ll outlive their retirement nest egg. Even those with hefty savings tucked away in Registered Retirement Savings Plans and Tax-Free Savings Accounts have...

SELF-PUBLISHED

What to do with the kids in the basement

The failure-to-launch syndrome More than one in three Canadians aged 20 to 34 are living with their parents according to the most recent census results from Statistics Canada. Worse yet, parents are still financially supporting them. That can lead to a series of...

SELF-PUBLISHED

Is $1 million enough to retire on?

Let’s say you’ve accumulated a nest egg of $1 million at age 65, through pension plans, perhaps a significant RRSP, TFSA contributions, some inheritances, and possibly some money left over from downsizing your home. You’re ready to retire, and you have to decide...

SELF-PUBLISHED

How to retire with $1 million

Reach that magic number even if you start at 40 It’s sometimes said that you need at least a $1 million retirement fund to maintain the kind of lifestyle you want after age 65. But starting at, say, age 40, can that even be done? The good news is that it is...