Funds are not available until retirement If you’ve recently left a job that included a pension plan, you may be offered an opportunity to transfer your plan to a Locked-In Retirement Account (LIRA). This is a government registered plan in which your funds grow...
A guide to doing retirement right The Baby-Boom retirement wave is happening now. But just how ready are you if you’re in this bulging demographic? Some have already retired and are enjoying their new “career after their career.” Others are still wondering whether...
Although elevated inflation rates may not last, retirees — or those nearing retirement — might be worried about losing purchasing power. In this interview with Investment Executive, Robyn Thompson shares her tips for keeping retirement nest-eggs...
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...
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...
Professionals, executives, business owners can benefit The defined benefit pension plan has pretty much gone the way of the dodo. With one exception: the Individual Pension Plan (IPP). If you’re a business owner or executive, or an incorporated professional, such...
Robyn Thompson is featured in The Globe and Mail’s “Financial Facelift” series by Diane Maley. Mark and Meredith are well positioned financially with robust cash flow, and want to retire, but they still have mortgages on rental properties. Should they pay off the...
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...
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...
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...
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...
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...