We all want the best life has to offer – a nice home, cared-for family and a secure financial plan for the future. Despite the best of intentions though, life has a habit of introducing the unforeseen – could your standard of living withstand a financial curveball?
“Grey divorce” rates have increased among Canadians aged over 55. Splitting later in life presents unique financial challenges as boomers look to start over while keeping their retirement plans on solid ground.
Are you in need of a retirement wake up call? A CIBC poll finds Canadians are not as prepared as they think, as they fall behind on savings goals and are spread thin with other financial priorities.
Many Canadians are finding their original retirement savings goals are no longer a perfect fit. A recent RBC poll finds today’s savers are putting less away for their golden years than previous generations.
RRSPs are one of the most effective ways to save for retirement and get a break on your taxes. But are you using yours to its full potential?
Should you pay your RRSP or the mortgage? It’s a question facing all Canadian investors. We’ve crunched the numbers from the past 15 years to find the real payoff.
Talks are underway regarding a proposed expansion to CPP. The outcome could affect your retirement reality, as the provinces push for an expansion of government-provided retirement coverage – but the feds have yet to be convinced.
Should you take out a HELOC on your home to fund your retirement plan? For some, it’s a good option – but understand the interest and pay back realities.
A BMO study found that 41% of Boomers plan to sell their home to fund their retirement plan. However, should this growing segment choose to sell all at the same time, a hazard is posed to housing market supply and demand.
It may be normal to fret over making ends meet, but if your financial anxiety is disrupting your life, it may be time to find help. Reaching out to a financial advisor, and creating a plan to get things back on track, can restore your peace of mind.