When your adult child needs money, it’s a good idea to think twice before handing it over.
A new study finds Ontarians are shrugging off their savings plans in order to focus on debt repayment like mortgages. But is it ever a good idea to stop saving completely?
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.
Senior poverty is on the rise in Canada, according to the latest report from the OECD. One of the biggest factors affecting seniors’ living standards: grey divorce. As splitting later in life becomes more common, some are finding their retirement savings to be negatively affected.
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.
Having a baby can be financially challenging – but does it mean putting your retirement savings plan on the backburner? Here’s how to do both.
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.
Retirees face a number of pension plan challenges as interest on savings reaches record lows while debt remains high in Canada. But it wasn’t always this way. Read on to see how pension plans have evolved over the past few decades.
Would Canadian retirement woes be corrected by reforms made to the CPP? As new survey numbers show the average Canadian can expect a 30 per cent drop in their income standards, new measures may be needed more than ever.