Video: Retirement Planning
- Retirement planning for increased longevity - BNN
The Retirement Gamble - FrontLine
This video discusses the American retirement system, but Canadians can relate to the discussion by simply thinking "RRSP" when you hear "401(k)" plan.
The Great Grey Catastrophe
A quirky visual depiction of the ticking time bomb that Europe is facing - not the debt crisis, but how to pay for its growing elderly population.
How Much Money Do You Require To Retire - YahooFinance
This advice video is a advice video time saver that will enable you to get good at pensions and retirement. Learn How Much Money Do You Require To Retire with VideoJug’s best of the web guide
What's Your Magic Retirement Number? - CNBC
CNBC's Sharon Epperson reports that today's struggling economy and general political uncertainty are making it difficult for some investors figure out how much they will need when they retire.
- Define Yourself - Meet Kirsten : 50Plus.com
- Define Yourself - Meet Leslie - 50Plus.com
Define Yourself - Meet Loris - 50Plus.com
Men and women getting real about aging.
Maximizing your retirement savings efforts with Malcolm Hamilton
Click on the title to watch the video.
The Investor Education Fund is pleased to be cosponsoring this video series with the Globe and Mail called "Let’s Talk Investing." The series is hosted by renowned Globe and Mail columnist Rob Carrick and features prominent Canadian financial experts discussing topics that are relevant to investors.
Setting realistic retirement goals - MoneySense
Ask anyone if they want to retire and the most likely answer you’ll get is yes. Ask that same person what they plan to do in retirement and don’t be surprised if you get a blank stare. That’s a problem. Money expert Bruce Sellery says there is a large group of people out there who have no idea what they plan to do in retirement. His advice: It’s time to get real.
- Fred Vettesse: Maxing out your CPP benefits - The Financial Post
Estate planning - BNN
Click on heading above to watch the video
"BNN speaks to Christine Van Cauwenberghe, Director of Tax and Estate Planning, Investors Group talks about the importance of having an estate plan."
Ruta: Financial planning should start with security - Investment Executive
"Jim Ruta, a performance consultant and a speaker at the Expertinstitute.com, explains why advisors should treat “insuring the uncontrollables” as the foundation of financial planning. He says the taking care of the financial security needs of your client is the crucial first step in any financial plan. He spoke at the TMX Broadcast Centre in Toronto."
Aging workers and pension plans - BNN
Click on the heading above to watch the video
January 6, 2012 - "Ian Markham, Canadian Retirement Innovation Leader at Towers Watson, tells BNN a graying population mixed with volatile stock markets and low bond yields is wreaking havoc on the country's pension obligations."
Jane Fonda: Life's third act - TED
January, 2012 - "Within this generation, an extra 30 years have been added to our life expectancy -- and these years aren’t just a footnote or a pathology. At TEDxWomen, Jane Fonda asks how we can think about this new phase of our lives."
More clients should prefer TFSAs to RRSPs - Investment Executive
Jamie Golombek, managing director, tax and estate planning at CIBC Private Wealth Management, argues that more Canadians should prefer TFSAs to RRSPs on advisor's an advice and due diligence. He spoke at CIBC's main branch in Toronto.
Are You Ready For Retirement - Emotionally?
What is Your Retirement Personality? - U.S. News
As you start to notice your age edging upward, it makes sense to feel the urge to start your retirement planning efforts. Our second act will occupy the next 20 or so years of our life, and a little preparation ahead of time might make the journey a bit smoother and perhaps even more fulfilling.
The golden years? Think again - Morningstar
"My attitude on retirement is it's a golden ticket to give you a life that you want but you don't have," says Falk, just because there are better things in life doesn't mean that you'll be able to experience them".
Retire Early With a Part-Time Job - USA News
I admit it. I am biased, because I've worked part time since taking early retirement ten years ago. I was inspired by an older friend. We worked for the same company, and he got laid off two years before I was also deemed "redundant," as some companies call it.
The Real Shocker
"SHOCKERS" On the left side of the cover were photos of Katie Couric, Barbara Eden and Connie Francis without make-up, looking more or less their chronological ages, which ranged from 55 for Katie Couric to seventy-something for Barbara Eden and Connie Francis. I looked at their pictures and what I saw were normal, attractive women in various stages of (more or less) natural aging.
Making Marriage Work in Retirement
He approached me quietly at the gym not long ago. His voice was urgent and barely above a whisper. "I've got an idea for something you should write in your blog," he said, glancing over his shoulder and leaning in to keep the conversation just between us.
"Write something about making marriage work in retirement."
Retirement Readiness Dr. Kathy McCoy
People have been nagging my friend Nora to retire for years, pointing out that she has an excellent pension plus 401K after 35 years with one employer. They point out how comfortable her life could be. But she has always shrugged the advice off with "I'm not ready."
Are You Psychologically Ready To Retire? - HuffingtonPost
Work is a central part of the lives of most people. It is a source of personal identity and self-definition. It is a source of day-to-day structure and of social interaction. Work can be a source of self-esteem. Earning a living adequate to take care of yourself and your family is an important source of pride and self-worth.
Women and Retirement: Issues of Transition, Denial and Loss
The universal issues involve feelings of isolation, ("I'll lose my working community of peers"); fears of the loss of external structure, ("what will I do with my time?) and questions about self stemming from a loss of the well-worn belief that what one does is who one is.
At What Age Should You Retire?
Let's skip the financials of retirement - the question of whether you will have enough money to allow you to retire. Let's explore the psychology behind your choice to retire (or not), and the impact it can have on your health and well-being. The key questions here are: Will you be happier retired or working?
How to Deal With the Emotion of Retirement
Retirement is one of the happiest times in a person's life. But when the excitement wears off, it could also mean emotional turmoil. Here's how to deal with retirement.
The Emotional Side of Retirement
Everybody strives for retirement nirvana; many would like to achieve it as early as possible. How many of you are actually prepared for all the changes? You are working your job on Friday, and you retired on Monday! Now what? You have the freedom of doing anything, but what are you going to do?
Survey Maps Emotional Stages of Retirement
Ameriprise Financial recently released the findings of the New Retirement Mindscape, a study that explored people's attitudes, worries, behaviors, ambitions and needs before and after retirement. Working with Ken Dychtwald, Ph.D., an authority on baby boomers, Ameriprise determined through its study five stages of retirement.
How to survive retirement
One life event that may need some careful navigating is your retirement. This major life passage — your long anticipated reward for years of hard work — can ripple your emotional waters. It can affect your feelings of self-worth, your finances and even your marriage.
Retirement ~ Are You Emotionally Prepared?
How can you prepare for the kind of retirement you’ll want? Whether your thoughts are of a blessed state of leisure or a glorious pursuit of personal goals or public achievement, your hopes will not be realized without planning.
Retirement Planning Are You Emotionally Ready?
A critical piece of retirement planning is answering the question, Are you emotionally ready? When planning for retirement much thought is given to the financial part of the plan yet, are you recognizing the emotional aspects and how they will affect you?
Are You Emotionally Prepared for Retirement?
You have probably already spent much time and effort planning for the financial concerns associated with retirement. Have you considered the emotional impact this major life adjustment will have on you and your family?
Getting Ready Mentally for Retirement
Whether you continue working part time, throw yourself into charity projects, travel around the world, or putter in the garden, “retirement is a huge change,” says Kathleen Gurney, an expert in the psychology of money management and author of Your Money Personality.
Are you emotionally ready to retire?
Do you catch yourself looking out the window, dreaming of a day when your life is less harried, you have time to pursue your hobbies and the freedom to travel whenever you want? If so, early retirement may sound like a dream come true. But early retirement isn’t as simple as it may seem. Not only do you have to consider the financial cost of early retirement, you also need to determine if you are emotionally ready to retire.
4 Tips to Stay Mentally Sharp in Retirement - U.S. News
On occasion I hear a song that I immediately recognize and quickly find myself singing along. Then I pause for a moment to recall the name of the group that I once knew so well and can’t remember it. Memory can be fickle, with some facts easily recalled while important details remain stubbornly hidden from view.
Articles: Retirement Planning
Report raises concerns about household net worth - Investment Executive
The share of households with RRSPs and related retirement vehicles may have paused due to the introduction of TFSAs
Fewer workers contributing to pensions and RRSPs: OSFI - Investment Executive
Even as pension coverage has declined, so has the proportion of RRSP contributors, according to a fact sheet released Thursday by the Office of the Superintendent of Financial Institutions (OSFI).
Living in retirement: Seven things I wish I could tell my 35-year-old self - Globe & Mail
5. Find a financial adviser you can trust. Or spend the time and energy learning how to invest wisely on your own. Globe columnist Rob Carrick’s ETF Buyers Guides are a great place to start. Make a plan and stick to it. This is where I blew it big time. In the last 25 years, I’ve kept the same family doctor, same dentist, same accountant and same job. Yet I’ve had five financial advisers and four out five were disasters.
Almost 90% Canadians say they are counting on CPP for retirement, while a third hope to win the lottery, poll finds
The Bank of Montreal survey found that 89% said they would have to rely on the CPP or the Quebec Pension Plan when they stopped working.
How to practice ‘sustainable spending’ in retirement so you don’t run out of money - Financial Post
Congrats! You’ve grown your nest egg to a size comfortable enough to retire, but now comes the next big challenge: How to spend your retirement savings so it doesn’t run out before you do.
What You Know About Retirement Investing Is Wrong - Wall Street Journal
You probably know the conventional wisdom: People just entering retirement should have a big portion of their savings—say, 40% to 60%—invested in stocks to help their nest egg grow over time.
Focus on the big two: housing and transportation -U.S. News
I encourage this approach when considering a move overseas. When calculating how much it will cost you to retire in a new country, don’t be distracted by the little expenditures. Focus on the big two: housing and transportation.
The residue of the estate is used to pay debts before specific gifts - Estate Law Canada
It's hard to accept that someone would leave a bequest to a beloved family member, only to have that bequest eaten up by the deceased's debts. However, it's very common that inheritances are cancelled out or reduced by debts. Whether or not the asset left to the beneficiary specifically or as part of the residue can affect what happens to that bequest. A reader recently asked me about.
Summary of Pension Planning Stats for 2014
This is a great summary of pension statistics for 2014 - CPP, OAS, GIS, Max. RRSP, Max TFSA, etc., to help you when updating your financial and retirement plans. The accuracy of the numbers used in your plans is critical to your success.
60, 65, 70? Five points to consider before deciding when to take Canada or Quebec Pension Plan benefits - Financial post
When should you take Canada or Quebec Pension Plan benefits? It all depends on your income, health, and what you want to do with the money. The ground rules are set in regulations that say that, in comparison to the age 65 benefit, taking money early creates a rising penalty being phased in at 33.6% in 2014, 34.8% in 2015 and 36% in 2016 and thereafter for each year prior to age 65 that benefits begin
RRSPs not undesirable just unaffordable for most, polls find - MoneySense
Fewer Canadians are planning to put money into a Registered Retirement Saving Plan this year simply because they can’t afford it, say surveys by two big banks. Both Scotiabank (TSX:BNS) and Bank of Montreal (TSX:BMO) say many Canadians have other expenses, such as car payments and paying down debt, that are preventing them from making a contribution.
Expanded CPP better than PRPPs: Mercer - Investment Executive
An expanded Canadian Pension Plan (CPP) is the best option to boost Canadian retirement savings levels, according to Paul Forestell a senior partner with Mercer. Forestell spoke at Mercer's 22nd annual Pension Outlook and Fearless Forecast in Toronto on Thursday. "The CPP does check the boxes of sustainable after the reforms of the 1990s," said Forestell. "It's well-run, well-respected, and the infrastructure is in place to run it."
RETIREMENT STILL NOT A HIGH PRIORITY — ARE ADVISORS TO BLAME? - Advisor.ca
Not only are people not saving, but they are less confident now than in 2007 about their financial futures. Only 73% of respondents said they are at least “somewhat confident” about their retirement finances, as opposed to 84% the year before.
A disciplined approach to overcoming late-in-life debt - IEF
One symptom of our increasing tolerance of debt is a growing tendency to enter retirement while still in debt – either on credit cards or the mortgage. To some extent, this may be linked to the phenomenon of historically low interest-rate cards, which have been with us for several years now.
Older Americans Shun Retirement at 65 for Risky Startups - Bloomberg
Older Americans such as Kinsey are increasingly shunning retirement to start companies because they see job opportunities limited after age 55, don’t have enough savings to retire comfortably or want to work for themselves. People from ages 55 to 64 started 23.4 percent of companies in 2012, up from 14.3 percent of new entrepreneurs in 1996, according to the Kauffman Foundation’s research.
Fewer Canadians making RRSP contributions - Investment Executive
The survey, which was released on Monday, found that 31% of Canadians intend to contribute to their RRSP for the 2013 tax year, down from the 39% of Canadians who said the same thing in 2012 and 2011.
Defined benefit pensions healthier than ever but don’t expect to see more of them - Financial Post
Almost 40% of pension plans tracked by Mercer are now fully funded, compared to 6% at the beginning of last year. What’s more, only 6% are now less than 80% funded, down sharply from 60% at the beginning of the year.
TFSA becoming a tax-saving dynamo – if you have the cash - YahooFinanceCA
That means the average tax free savings account had a value of $6,900. A spokesperson for the CRA says that includes any gains on the contribution, which likely puts the average total contributions over the past four years well below the $31,000 limit.
Does a share of the residue entitle you to receive household items? - Estate Law Canada
Many people don't leave specific instructions about these important mementos, leaving the beneficiaries to fend for themselves. A reader recently wrote to me to ask about her right as a residuary beneficiary when it comes to household items. Her question and my response are below.
Low investment returns expected to squeeze retirees, pensions: report - Investment Executive
Low investment returns loom in the decades ahead, spelling bad news for retirement savers and pension plan managers, according to a report released today by the C.D. Howe Institute.
Support for CPP expansion growing, advocates say - Investment Executive
Pressure has been growing since Prince Edward Island's Wes Sheridan released his modest proposal in early October to nearly double contributions over three years, resulting in a near-doubling of maximum annual benefits to $23,400 from the current $12,150.
Workers fall behind on retirement preparedness - Benefits Canada
Despite improvements in the economy, many working Americans are falling behind on retirement preparedness, with 55% in fair or poor condition when it comes to being able to completely cover estimated essential living expenses in retirement.
Why Antigua is an Irresistible Retirement Spot - U.S. News
Imagine a place that has year-round springtime temperatures, educated, friendly people who genuinely like foreigners, an established English-speaking expat community, excellent medical care, great restaurants and rich cultural diversions, all available at a very affordable cost. Then picture that city in a stunningly beautiful setting in a semi-tropical valley between mountains and volcanoes. This is La Antigua, Guatemala.
Reforming Canada’s pension system - Benefits Canada
Expanding the Canada Pension Plan (CPP) will help address the continuing decline of workplace pensions, said the national president of the Canadian Union of Public Employees.
Heading into Black Friday, Analysts Optimistic on Department Stores - FactSet
Only two sectors have witnessed a decline in earnings growth rates since that date: Financials and Energy.
Websites: Retirement Planning
Living in Retirement - FCAC
This is a great government of Canada website to assist with the planning and transition into retirement.
Live and Invest Overseas
"In addition to the free daily service, Live and Invest Overseas also publishes a number of reports, e-zines, and subscription services. From individual country guides to property investing services and special reports on important topics including overseas health care and residency options, Live and Invest Overseas' publications have no peer."
Provincial Long-Term Care Cost Reports - RBC Insurance
Make a more informed decision on long-term care insurance by reading the long-term care cost report for your province:
Live And Invest Overseas
Welcome to Live and Invest Overseas, the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas.
Wondering what the cost of living in another city might be? Thinking of retiring to another city, but not sure if you have enogh income? This is a great website that outlines the cost of living all around the world. Simply pick a city and click.
Numbeo is the biggest free database of user contributed data about cities and countries worldwide, especially living conditions: cost of living, housing indicators, health care systems, traffic, crime and pollution.
B.C. BENEFITS & PROGRAMMES TO SENIORS - Diamond Geriatrics
"A list of websites providing services to seniors in British Columbia."
Elderpost is a website where
Caregivers and older people can:
- find free services and support
- find free or used equipment
- give away or sell equipment that they don't need anymore
- find private caregivers for hire
- find companies which sell what you may need
- find agencies which specialize in providing people to hire
- find information and organizations which they need as they go through a caregiving and aging journey.
People who want to work with older people and their caregivers can find the opportunities to do so, without a placement fee, or having to go through an agency which will take something off the top.
Companies, non profit organizations, agencies and governments can post information about themselves and the services and goods they provide.
Diamond Geriatrics Incorporated
"Diamond Geriatrics is a professional service for caregivers, the elderly, and business. We provide geriatric care management, counseling, education, seminars, and consultation on eldercare and aging issues."
- Do you have questions or concerns about an aging parent, spouse, or yourself?
- Are you confused about Seniors Housing and Long Term Care?
- Are you a medical or financial professional dealing with the needs of older clients?
- Is your business encountering employees with eldercare needs or concerns?
Inflation Calculator - Bank of Canada
"The Inflation Calculator uses monthly consumer price index (CPI) data from 1914 to the present to show changes in the cost of a fixed "basket" of consumer purchases. These include food, shelter, furniture, clothing, transportation, and recreation. An increase in this cost is called inflation.
The calculator's results are based on the most recent month for which the CPI data are available. This will normally be about two months prior to the current month."
My Retirement cafe - Sunlife
"Sun Life was recognized with the IFIC Investor Education Award for its interactive website myretirementcafe.ca, which is aimed at Canadians over age 55 who are about to retire or have just retired, and are interested in learning how to be better prepared—both emotionally and financially."
Canada Pension Plan (CPP) - Related Sites
"We've compiled a list of useful and interesting links on a variety of topics."
Planning your retirement - Regis des rentes Quebec
Information and tools from the Quebec Pension Plan.
Retirement Planning Tools - Service Canada
"It is important to understand the retirement income system and plan for your retirement. Check out the tools that will help you kick-start your plan!"
Canada's retirement income system - Service Canada
"To help you better plan for your retirement, it is important to understand the Canadian retirement income system. There are three main sources of retirement income that you may be able to draw from:
- your personal savings and investments;
- government pension benefits; and
- employer pensions."
Retirement Planning - Services Canada
"It is important to understand the retirement income system and plan for your retirement. Check out the tools that will help you kick-start your plan!"
Canada Pension Plan Statement of Contributions - Service Canada
"This online service allows you to view and print your Canada Pension Plan (CPP) Statement of Contributions. Your Statement of Contributions contains a history of your earnings and contributions to the CPP, as well as estimates for any CPP benefits you may be eligible to receive."
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