What is the best country to retire in? Canada ranks 5th, according to an index released by the UN and HelpAge International. While we scored high for our universal healthcare and Canada Pension Plan, income security in our nation leaves seniors wanting.
Who doesn’t dream of winning the lottery? Cashing in on the finer things in life and taking early retirement may seem like bliss, but a windfall can be too good to be true. Read on to find out how winning can actually lead to financial disaster – and what to do to protect your money if you actually win.
For many newcomers to Canada, the initial years are mostly spent trying to establish a new life – one that includes a new job, a new home and new friends. With the focus shifted to the challenges of getting settled, planning for retirement often takes the back burner. Not only that – the concept of retirement in Canada might differ than in their country of origin.
Do your retirement goals seem increasingly out of reach? The formula you’re using for saving just might be outdated. Read to learn more about the new standard retirement number – and stress less about retirement.
Retirement comes with age. Might seem like common sense, but it’s a fact many don’t like to consider when planning their post-pension finances. The truth is, aging – and slowing down – is unavoidable, and there are significant costs associated with this life stage. Whether you’re retrofitting your home to ease mobility, or shelling out for prescriptions, a little planning can go a long way in alleviating the costs of aging.
It’s the great Canadian dream – retire as early as you can and kick back to enjoy your golden years in relaxed style. For many Canadians, though, this simply isn’t a reality – and as pension possibilities dwindle, many are on their own when it comes to saving for their senior years. We’ve got a few ways to help cut corners – and make the most of your post-pension finances.