Currently, many Canadian Baby Boomers rely on real estate to fund their retirement plan – a potentially risky move. Retirement can be funded through a variety of saving vehicles – read on to learn more about the payoff and risks associated with each one.
The new year is in full swing, and so are the trends affecting Canada’s economy. Should Canadians hunker down for recession risks, or are we poised for a strong year of growth?
A recent CIBC poll finds Canadians put retirement savings on the back burner when it comes to financial priorities, focusing instead on debt repayment.
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.
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.
This week on Money Wise we’re asking Canadians: How confident are you in today’s economy? After all, Canada emerged unscathed from the housing and investment bubbles that have ensnared our neighbouring nations – Germany’s Angela Merkel even praised our economic model as a potential solution for Europe’s woes.
It’s a stark reality: according to a CIBC poll, 59 per cent of Canadians will retire while holding debt. Adapting to a fixed income can make it challenging to manage day-to-day expenses and afford extra debt payments. Here are a few key numbers to consider when planning your retirement.
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 The formula you’re using for saving just might be outdated.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.
Looking to plan for your financial future? The rate of return estimate you start with can make all the difference in the success (or failure) of your investment. While it may seem daunting to predict the future with confidence, it’s vital for you to determine what return percentage you expect to receive before designing your financial or retirement plan.