Retirement Help Canada

https://www.benefitscanada.com/pensions/cap/tips-for-helping-employees-piece-together-their-retirement-income-puzzle-149939
Retirement income can be sliced into three broad categories: what an individual receives from their employer, what they receive from the government and everything else.

Tips for helping staff piece together their retirement income puzzle Retirement income can be sliced into three broad categories: what an individual receives from their employer, what they receive from the government and everything else. While plan sponsors are naturally most concerned with what they provide for plan members, including all forms of income in the conv...

https://www.fool.ca/2020/10/09/canada-revenue-agency-how-to-pay-0-in-retirement-taxes/Canada Revenue Agency: How to Pay $0 in Retirement Taxes

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Make saving a consistent habit, no matter how much you make

My parents enjoyed a comfortable retirement for 25+ years by living by 5 money rules throughout their lives They retired in their early 60s with multiple sources of income, including a rental property and investment accounts.

High-quality dividend payers are fairly predictable in their payments and usually a long history of annual dividend increases.

Early Retirement (FIRE) on Dividend Income - Dividend Taxes in Canada | Million Dollar Journey Ever wonder what it would be like to live off passive income? Spending your day doing whatever you want and working on passion projects because of interest rather than putting bread on the table. What about doing this well before you turn 65? What about financial freedom in your 40’s…

Financial planning advice is often catered to wealthier Canadians. What can retirement look like for those without healthy RRSPs or other savings?

Planning for retirement with little or no savings to draw on | MoneySense

More than one in eight (13 per cent) older workers have changed their retirement plans due to the Covid-19 pandemic, according to the Institute for Fiscal Studies (IFS).

13% of older workers alter retirement plans due to Covid-19 More than one in eight (13 per cent) older workers have changed their retirement plans due to the Covid-19 pandemic, according to the Institute for Fiscal Studies (IFS)

Three-quarters (74 per cent) of Canadians said they’d accept a slightly lower salary in exchange for a better — or any — pension plan, according to a new survey by the Healthcare of Ontario Pension Plan and Abacus Data.

Three-quarters (74 per cent) of Canadians said they’d accept a slightly lower salary in exchange for a better — or any — pension plan, according to a new survey by the Healthcare of Ontario Pension Plan and Abacus Data.

Most Canadians would choose greater retirement security over more money now: survey Three-quarters (74 per cent) of Canadians said they’d accept a slightly lower salary in exchange for a better — or any — pension plan, according to a new survey by the Healthcare of Ontario Pension Plan and Abacus Data. The survey, which was conducted online in May and June among 3,500 Canadi...

For the second year in a row, Canada ranked No. 8 among developed nations for retiree well-being, according to Natixis Investment Managers’ annual global retirement index.

Canada maintains No. 8 global ranking for retiree well-being: report For the second year in a row, Canada ranked No. 8 among developed nations for retiree well-being, according to Natixis Investment Managers’ annual global retirement index. The index, which provides an overview of the relative well-being and financial security of retirees in 44 countries, examined...

It’s time for a discussion about whether CPP should be supporting the government’s low-carbon transition policies

High-carbon retirement: What future is the Canada Pension Plan banking on? | Corporate Knights It’s time for a discussion about whether CPP should be supporting the government’s low-carbon transition policies.

A new poll suggests older Canadians embraced technology during the COVID-19 pandemic.

Poll: Use of technology increased among older Canadians this year A new poll suggests older Canadians embraced technology during the COVID-19 pandemic.The poll for AGE-WELL and...

Co-housing is when households each have their own units but share common spaces.

Six people are onboard in Sudbury with plans to build a co-housing complex for older adults | CBC News A group in Sudbury is planning now for retirement living. Six are on board with plans to build a co-housing complex for themselves and their friends. A place where they can create their own neighbourhood.

60% of Canadians are not retirement ready. Take this QUIZ and see what your score is. 8 is the highest score. Please feel free to share your results in the comments.
https://retirementhelpcanada.com/retirement-quiz

Take this QUIZ to see if you are in the top 20% of retirement ready Canadians Retirement expert Phillip Brand is the author of numerous books and has been helping Canadians get the most out of their retirement for over 20 years.

Bonnie and Ben have retired from the work force – Ben from the government and Bonnie from financial services – and are planning to spend more time travelling. Ben is age 71, Bonnie is 65. They have three children in their early 30s.

Couple want to cover lifestyle spending and set aside enough for eventual long-term care They 'rent an apartment which is well-equipped with many amenities,' Bonnie writes. As well, they wonder how best to invest the net proceeds of the cottage sale, estimated at $450,000

Mike plans to continue working part time for awhile longer but Miriam already has retired. From now on, their focus will shift from saving to gradually drawing down their savings, hoping their money will last a lifetime and more.

How can Mike and Miriam leave plenty to their daughter without diminishing their retirement lifestyle? Financially secure couple wants to plan their daughter’s estate and arrange their affairs in a tax-efficient way to meet retirement goals

Only 39% know their retirement date at least a year in advance.

3 misconceptions about retirement in Canada | CBC News A new report finds that the reality of retirement in Canada isn't quite what people expect it to be.

For over 50 years, Canadians have counted on the Canada Pension Plan (CPP) to help fund their retirement. Previously, many retirees could also rely on the pension from their former employer to cover their expenses in retirement. But over the past 20 years, most pension plans have disappeared.

CPP Pension: How to Increase Your Monthly Income With the maximum monthly benefit from CPP currently at $1,175.83, Canadians are searching for ways to boost their monthly income.The post CPP Pension: How to Increase Your Monthly Income appeared first on The Motley Fool Canada.

Sounds too good to be true! But it isn't. I retired early at age 52.

How One Of Our Readers Retired Early Without Needing Millions Our co-author for this article retired early, but he didn't do it by grasping for yield or inheriting millions.

Canada’s newest and youngest investors may have little in the way of investible assets, but they see the value in receiving professional financial advice, making them ideal future clients.

Why Gen Z is looking to advisors to set it on the right path Similar to those who grew up during the Great Depression, the pandemic has the potential to turn younger Canadians into lifelong savers

More than a third of Canadians are simply not ready for retirement. A new poll by accounting firm BDO Canada Ltd. found that 39% of Canadians have little to no retirement savings. That’s an estimated 14.6 million people in a country with 37.6 million citizens.

ca.finance.yahoo.com

Some eight million Canadians are rethinking their retirement timing because of the novel coronavirus pandemic,

8 million Canadians rethinking retirement because of COVID-19: report Most believe they will have to retire later due to the financial impact of the health emergency.

There are benefits to waiting

Thinking about retiring early? You may want to think again Watch out, FIRE fans: New reports say retiring early can give you Alzheimer’s

1. Your savings level. 2. Your goals. 3. Your personality.

3 Factors in Determining Your Ideal Retirement Age | The Motley Fool Not sure when to retire? Here are some key points to consider when narrowing down your choices.

If you think a move to a retirement residence is a living option that may benefit you, but have doubts that you can afford the supportive lifestyle, you may be surprised to learn that there are some government programs that can help make your monthly rent more manageable.

Affording retirement living: 5 federal financial support programs for Canadian seniors If you think a move to a retirement residence is a living option that may benefit you, but have doubts that you can afford the supportive

When is the right time to retire?

I’m 52, won’t live past 80 and have $1.6 million. ‘I am tired of both the rat race and workplace politics.’ Should I retire? Have a question about retirement, including where to retire? Email [email protected]

Good to know.

How to Withdraw From an RRSP Without Paying Tax Most of the time you'll suffer a hefty penalty for dipping in early — but not always.

Are you planning to retire in a different country?

I’m looking to retire in a warm place that has a ‘socially liberal mindset’ and lots of live music — and I’m a die-hard skier. Where should I go? This reader has just turned 50 and is starting to think seriously about retirement.

FREE 'Taxes in Retirement' workshop. Wed. Aug. 5th 2020 Holiday Inn Burlington-Hotel and Conference Centre - Halton Hall Ballroom: 3063 South Service Rd Burlington - starts promptly at 7:00 pm. Doors open at 6:30 pm. This is an hour long information only seminar and there is no obligation to engage with the presenter for any service. Register here https://retirementhelpcanada.com/event.html

Many Canadians don't realize what is possible with a TFSA.

Canada Revenue Agency: How to Get $2,000 per Month Tax-Free in Retirement How to create your own tax-free pension to supplement CPP and OAS pensions.The post Canada Revenue Agency: How to Get $2,000 per Month Tax-Free in Retirement appeared first on The Motley Fool Canada.