Rosalynn Ruptash was not a skier when she met her husband 13 years ago. “I’m as athletic as a rusty nail,” says the 66-year-old Edmontonian. “I’m also very petrified of heights. I have acrophobia.”
Well-fixed financially, Annie would like to give some money to her two adult children “sooner rather than later,” she writes in an e-mail. “Charitable giving would also be of interest,” she adds.
FP Canada announced today two new appointments to its Board of Directors: Teresa Black Hughes, CFP and Diana Iannetta.
Two decades of rising home prices across Canada have provided somewhat of a retirement windfall for older Canadians. That’s the good news.
For people who have a defined-benefit (DB) pension plan through their employers, years of compulsory saving may eliminate much of the uncertainty around how much to set aside for retirement.
Reverse mortgages have never been this popular in Canada. Inquiries about them have doubled between 2016 and 2017, according to HomeEquity Bank’s CHIP Reverse Mortgage, which was, for a time, the only financial institution to offer them nationwide.
It’s harder to save for retirement if you’re a woman.
Women earn less than men on average and more often take time out of the work force to raise children or look after elderly parents.
The majority of Canadians in or approaching retirement are worried about outliving their savings. And yet, many fail to prepare for the one thing that has a very good chance of blowing up seniors’ living costs
'I remember when you just had $5,000 and you really couldn't do anything with them'
The ‘glide path’ is when you wind down your career slowly. Here are the financial implications.
According to JPMorgan Asset Management’s 2016 Guide to Retirement, someone age 40 with an annual household income of $100,000 should have 2.6 times that amount put away for retirement, and by age 60, that multiple should be 7.3.
While some may regard retirement as a key moment in their financial journey, it's not an event but a process, says veteran financial advisor Clay Gillespie in a new book.
Need to rent a nine-bedroom, 12-bathroom oceanfront beach house for a weekend? Wondering where to park your Porsche in Chicago while on business?
As the memorable Apple advertisement once put it, there's an app for that.
A question frequently asked by clients who face imminent retirement is: "Will my money last?" A proper response from a financial advisor requires examining several issues that could affect the client and determining whether guaranteed products can fit into his or her portfolio.
The self-employed have long dealt with issues of health coverage or saving for gaps in pay, but now they're poised to go mainstream.
From the world of annuities comes a reason for retirees planning the sale of the family home to get moving before the year is out.
Senior clients may be vulnerable to exploitation by family members, friends and strangers. While investment industry groups are finding ways to identify and prevent financial abuse of elders, you can do your part to help protect your clients.
As Canadians approach the ends of their career, they start to wonder how much they need to save to maintain their standard of living in retirement.
Question from Arun, 62, of Alberta: I am having a hard time deciding whether to start my Canada Pension Plan now at age 62 or wait until 65.
Mary was forced to sell her only asset, a Toronto house. But the money means she’s no longer qualifies for assistance given to the poorest seniors.
If you are holding on to that cash out of fear rather than need, you should consider jumping back in and benefiting from what is essentially a 20% discount on stock prices.
What better time to take stock of your stocks than spring?
In a week where our central banker talked about negative interest rates, readers wonder about living longer than their savings..
Question from 79-year-old Bill Silverberg from Winnipeg: What is a fair fee to pay an advisor for management of my portfolio and how should this fee be structured?
Question from Ed (Alberta): I’m 53, unmarried, and plan to retire in five years. I have $350,000 in my RRSP. What would be the best strategy...
You might be making 8 per cent a year on your private mortgage pool, but could you get your money back promptly if you needed it?
A new survey shows Canadian seniors are getting a lot more comfortable with debt, adjusting to a lifestyle where debt will get them nicer homes, fund more vacations or even help their adult children.
If you give, so shall you save.
That appears to be the mantra for the Federal Budget in relation to capital gains tax exemptions on commercial real estate sales.
Tuesday’s federal budget made it clear that changing demographics and low interest rates are making financial fitness in old age tougher.
The 2015 federal budget provided few surprises.
But, overall, industry organizations are in favour of the changes introduced that support families, seniors and businesses across the country.
Ottawa is reducing the withdrawal rules for how much seniors must take out of registered retired income funds, a move that comes after extensive lobbying.
Under the B.C. Property Tax Deferment Program, the province remits the cost of the property tax to the municipality. The province recovers the cost, with interest, when the home is sold or when the homeowner chooses to pay it.
Some of the most interesting questions [about the annuity option for retirement] have been gathered up with answers supplied by insurers and advisers.
Mary knows she must tap into her home’s equity to find more money for her retirement income. But what’s the best way to achieve that?
What a disappointing few years it's been for buyers of guaranteed investment certificates. Year after year, investors have been told interest rates were about to rise.
GICs linked to stock market indexes appeal to very conservative investors and give the illusion of something for nothing. But there are many reasons to avoid them.