Will the Canada Pension Plan be up to the challenge of providing for the next onslaught of retirees? Concerns persist that current CPP isn’t adequate for Canada’s growing baby boomer needs – but proposed expansion for the program stalled this week as finance ministers could not come to an agreement.
The end of door-to-door mail delivery could be a reality for Canadians, as Canada Post announces scaling back their services in urban areas, and price hikes for stamps. What pushed the crown corporation to such measures? Here’s a look at their various financial challenges.
Imagine losing your life-long earned pension – that’s the hard reality for many Detroit workers, as a judge ruled pensions are not guaranteed as the once-great city files for bankruptcy.
If you could have a financial do-over, what would you fix? A recent Edward Jones poll finds 47% of Canadian seniors surveyed wish they had saved more for long term goals throughout their lives.
Wondering how to start an RRSP? Check out this beginner’s guide to setting up value-earning retirement savings.
Opening a joint bank account is a big step for any couple – and it’s important to agree on how that money will be spent and saved. A recent study finds that while many couples share their accounts and assets such as mortgages, they haven’t shared their long term financial plan goals with each other.
A pension adjustment is the value amount of pension benefits you’ve earned over the year. Here’s how to calculate them and how to use them in your financial planning.
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.
Pension plan formulas can be confusing. Here’s a clear breakdown of the three most common types, and how to achieve your retirement planning goals.
Reading your annual pension statement may be as fun as pulling teeth, but it’s important to stay on top of your retirement savings. Here are 5 must-know points to check for on your statement.