Betting on a long life?
If you’re heading into retirement age but still planning to stay alive for some time to come, you may want to consider longevity insurance (a.k.a. annuities). The Financial Post’s Jonathan Chevreau...
View ArticleMake your nest egg last
With today’s low interest rates and an uncertain economy, Jim Phillips wondered whether he had enough money for a secure retirement. “I thought I was okay, but I had that little bit of doubt,” says the...
View ArticleAnnuities who needs them?
Annuities provide a form of “longevity insurance” that assures a stream of income no matter how long you live. But converting investments to annuities right now mean locking in at historically low...
View ArticleWhat happens to my RRSP when I retire?
You can leave your investments inside your RRSP until you’re 71, regardless of whether you’re working or not. But at age 71, you have to wind up your RRSP and start taking the money out. If you took...
View ArticleMarch madness
Today marks the unofficial start to March Break travel madness across Canada as families with small children look to get a head start on their spring vacations. For those heading south, make sure...
View ArticleAn income layer cake
It’s easy to feel overwhelmed with questions about how to draw retirement income. When do you start collecting government benefits? Which do you tap first: RRSPs, Tax-Free Savings Accounts (TFSAs) or...
View ArticleAre annuities the new RRIFs?
Fred Vettese ran the numbers and found annuities are a better retirement income option than RRIFs. The Blunt Bean Counter explains when and when not to discuss your salary with friends, co-workers and...
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