How much you can contribute, what you can invest in Among the most common questions financial advisors are asked at this time of the year are, “How much can I contribute to an RRSP?” and “What can I invest in?” Registered Retirement Savings Plans are still the best...
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. Money Makeover takes a look at Winifred, as she is turning 65 in a few months and worries that she doesn’t have enough of a nest egg for her golden years after surviving...
Ideal for professionals, executives, business owners Looking for ways to enhance your retirement savings beyond a Registered Retirement Savings Plan (RRSP)? If you don’t already have a pension plan through your employer, and you’re a business owner or executive, or an...
Start planning now so you don’t outlive your nest egg The retirement planning conundrum never seems to change. It just gets more complicated. Ensuring sufficient income for retirement is now on the radar for every so-called Gen-Xer, and increasingly for Millennials as...
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. Money Makeover takes a look at Zachary and Diana, both 50; and five years ago, Diana was diagnosed with multiple sclerosis. The couple worries about their future once...
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. Money Makeover takes a look at Brian who is in his mid-50s and has lost his job. He has a lot of assets and wonders if he can retire.
How to make your nestegg last through retirement How much should I withdraw every year from my investment portfolio so it will last through my retirement? This is a problem all Baby Boomers are wrestling with. Many high net-worth investors wish to maintain a lifestyle...
It’s not too late, provided you follow five basic rules Q – My husband and I are in our mid-40s, with two teenage children. We now own our home free and clear. Because we’ve been diligent about paying off our mortgage, with bi-weekly payments and annual pre-payments,...
To contribute or not to contribute? That’s the question Registered Retirement Savings Plans (RRSPs) are effective investment vehicles for deferring tax. But should you contribute to a Tax-Free Savings Account (TFSA) instead because of the completely tax-free growth it...
Yes, there’s still time to make an RRSP contribution Every year around this time, I’m asked what the deadline for RRSP contributions is and what would be the best investment for that contribution by people who have left their RRSP contribution to the last minute or...
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. In this recent post, Robyn recommends that a high-income 70-year-old retiree curt the risk in her investment portfolio and realign her income stream to make it more tax...
Three ways to use your funds – and how they work Gen-Xers, Gen-Yers, and Millennials should all have RRSPs. Sadly, most do not. The smart ones do, and are taking advantage of the powerful long-term compounding and tax-sheltering benefits of this wonderful retirement...