ARTICLES BY CATEGORY: Preparing for retirement

Longevity and Life Annuities

By Clay Gillespie on 28 Jul 2022

A couple of questions we commonly get asked are “What is a life annuity?” and “Should I consider a life annuity in my situation?”

Case Study: Solving the Retirement Income Puzzle

By Anne Hammond on 07 Jan 2022

“Retirement” – the word represents many things these days. It could be a lifestyle full of travel and adventures, or perhaps a transition to volunteer work...

Pension Considerations – One of the Biggest Decisions of Your Life

By Teresa Black Hughes on 07 Jan 2022

Called the Great Resignation, since the pandemic, employees are leaving the workplace/workforce or switching jobs in droves.

Today’s Executor is a Digital Executor

By Sharon Hartung on 23 Jul 2021

On May 13, 2021, I was delighted to join RGF advisors and clients for their second virtual event where I discussed the ideas covered in my first book, Your Digital Undertaker– Exploring Death in the Digital Age in Canada.

Planning for Retirement... Mentally

By Debbie Saleem on 29 Apr 2021

You’ve met with your advisor and are delighted to find out that you’re financially on track to retire within the new few years.

When Should You Start Receiving Your CPP Retirement Pension?

By Doug Runchey on 07 Jan 2021

Since 1987, when the Canada Pension Plan (CPP) first introduced flexible retirement pension start dates, this has been one of the most common questions that I get asked...

Retirement on Your Horizon? Considerations of the Pandemic ’s Ripple Effects

By Isabelle St-Jean on 21 Oct 2020

While leading retirement seminars for pre-retiring professionals over the past 10 years, I have observed diverse levels of readiness, attitude, and concern toward this major work/life transition.

What is a Financial Plan?

By Anne Hammond on 20 Jan 2020

What does it mean to create a financial plan? And why is it important to do so? 

Do You Have a Will?

By John Hale on 21 Oct 2018

Is that will of yours looking a little worn and tattered or perhaps you don’t have a will at all?If the answer is yes, you are not alone.

What does Life Expectancy Actually Mean?

By Clay Gillespie on 27 Apr 2018

Life expectancy is one of the most misunderstood aspects of retirement income planning - yet, it is one of the most important factors.

Maintaining your Retirement Capital

By Daniel Sitar on 02 Oct 2017

Everyone has different goals and expectations for their retirement. Likewise, everyone has a different level of financial resources they can use to achieve these goals.

Q and A: What is an annuity and how does it work?

Posted on 03 Jul 2017

A life annuity is a financial vehicle that allows you to exchange a lump sum of capital for a guaranteed income for as long as you live (or you and your spouse or partner lives).

The Importance of Budgeting

By Nick Hearne on 03 Jul 2017

A strong awareness and understanding of your personal finances is an integral part of the financial planning process. This holds true regardless of your phase in the financial life cycle.

Pools and Streams – Retirement Income

By Alain Quennec on 03 Jul 2017

Louise is retiring soon, and it just dawned on her that she isn’t clear what’s going to happen to her cash flow after the regular paycheques stop coming in. I find this a great source of concern among the nearly-retired...

Keeping More of what you Earn

By Christian White on 03 Apr 2017

You’ve saved long and hard for many years. You’ve made sacrifices and put your long-term needs ahead of your current desires for that vacation, the newer car or upgrading the kitchen.

Beneficiary Designations – benefits and considerations

By Nick Hearne on 09 Sep 2016

Individuals have the option to designate beneficiaries directly on assets such as registered plans, insurance policies and annuities. 

Q and A: How do I take advantage of the Government of Canada online tools and resources?

Posted on 01 Jul 2016

A good place to start would be to register to access your information with the Canada  Revenue Agency (CRA) online.

2016 Horizons Report

By Clay Gillespie on 01 Jul 2016

We are pleased to present the results of the 2016 Horizons Retirement Report. This report summarizes the dreams, fears, hopes and challenges of Canadians planning to retire within the next 3 to 7 years.

Building your Financial Future

By Bryson Milley on 01 Apr 2016

One of the most regular questions I’m asked by retiring clients is, “How do we manage our investments once we’re retired?”

Human Capital and the Financial Life Cycle

Posted on 01 Jan 2016

Take a moment to think back to the day you got your first job. At that time, you likely had minimal financial assets and no real estate...

2015 Horizons Retirement Report

By Clay Gillespie on 18 Jul 2015

Many of our clients are concerned about what life will look like during their retirement years. For this reason, we started our retirement survey five years ago to explore what Canadians are thinking as they approach retirement. 

Case Study: The Costs of Health

By Shaun Sun on 03 Jan 2015

Don and Jane Smith are the proud and loving parents of 2 children age 15 and 16. At a meeting with their accountant, one of the topics of concern for the family is the large health costs...

Retirement Income Planning

Posted on 01 Jul 2014

During your working life, you may have had one or two sources of income with limited ability to manage the timing of cash flows.

Horizons Retirement Report 2014

By Clay Gillespie on 01 Jul 2014

Every year, we commission a survey (conducted by Concerto Research) to explore what Canadians are thinking and feeling as they approach retirement. 

Beyond the RRSP

By Mark Neufeld on 01 Apr 2014

When you require income from your RRSP, a Registered Retirement Income Fund (RRIF) may be appropriate for you.

Aligning your Goals

By Cecilia Tsang on 01 Apr 2014

Is your portfolio the result of your goals (or lack thereof)? 

Tax Savings and RRSPs

By John Hale on 01 Jan 2014

Many of our clients use Registered Retirement Savings Plans (RRSPs) as one of the pillars of their wealth building strategy. An RRSP is a type of retirement savings plan that is registered with the Canada Revenue Agency. 

Horizons Retirement Report 2013

By Clay Gillespie on 01 Jul 2013

We’ve just completed the 2013 edition of the Horizons Retirement Report. This survey is done with Canadians who are approaching retirement.

Personal Corporations and Retirement Income Planning

Posted on 01 Apr 2013

Many of our clients who operate a small business or professional practice in law, medicine, real estate, or accounting will be incorporated.

Saving for Retirement

By Vera Vlaovich on 01 Jan 2013

RRSPs were introduced in 1957 by the federal government to encourage Canadians to save for retirement.

What are the major risks when planning your retirement?

By Clay Gillespie on 14 Aug 2019

Sequence of Returns Risk

By Nick Hearne on 17 Sep 2018

Most investors understand that to achieve their long-term target rate of return, they will need to accept some volatility in the short and medium term.

Holiday conversations…

By Mark Neufeld on 19 Dec 2017

As we approach the holiday season, you’ll hopefully find some time to spend with family and/or friends. Many conversations will be had and some may be about that overdone turkey and some may even be about the investment markets.

What is responsible investing

By Linson Chen on 03 Dec 2017

Responsible investing (also known as ethical investing and socially responsible investing) is growing in popularity as more investors are seeking to align their portfolios with their values.

How to Succeed at Retirement

Posted on 17 Nov 2017

Don't simply retire from something; have something to retire to. ~Harry Emerson Fosdick

What are OAS and CPP worth?

By Clay Gillespie on 19 Jun 2017

Both OAS (Old Age Security) and CPP (Canadian Pension Plan) are government income entitlements that are meant to provide Canadians a guaranteed inflation-indexed pension for as long as they live. But what are they worth to you today?

The Ultimate Currency

Posted on 20 Apr 2017

What is the ultimate currency? Is it money? Canadian dollars or U.S. dollars? Is it gold or real estate? No, the ultimate currency is not a tangible asset at all. You can’t save time. You can only spend it… Benjamin Hoff, The Tao

Income Splitting 101

By Bryn Hamilton on 17 Feb 2017

If you or your partner receive qualified pension income, the federal government’s pension income-splitting provisions could mean extra money in your pocket when you file your income tax returns.

RRIF withdrawal rates

By Chris Eynon on 15 Jun 2015

Changes to the RRIF Minimum

Posted on 17 Dec 2014

In the year you turn age 71, you must convert your RRSP funds to a RRIF, annuity, or cash out. Converted to a RRIF, the plan must pay out a minimum of 7.38% of the value on January 1st.

The Costs of Health

By Shaun Sun on 03 Jan 2015

Don and Jane Smith are the proud and loving parents of 2 children age 15 and 16. At a meeting with their accountant, one of the topics of concern for the family is the large health costs...