Create your retirement paycheque

RRSP tips for the retired and semi-retired
Just because you're retired or about to retire, doesn't mean you can't still benefit for your Retirement Savings Plan (RSP). In fact, Myron Knodel, CA and Director, Advanced Financial Planning Support at Investors Group recommends that retirees and pre-retirees make sure they haven't overlooked any possible RSP opportunities before they turn 71 and have to wind-down their plans...more
Understanding your pension plan
If you’re like many Canadians, your employer-sponsored pension plan will be one of your most important sources of retirement income. Knowing how it works will help ensure your finances won’t stand in the way of your retirement dreams...more
Create your Retirement Paycheque™
You have a vision for your retirement. But do you know how much your retirement paycheque™ will be? Or how to manage your cash flow in retirement? Or how to ensure your retirement income will last for all your retirement years?...more
Retirement income beyond your RRSPs – is it time for a change?
You're retired and, over the years, you've done a terrific job of contributing money to your Registered Retirement Savings Plan (RRSP). Maybe you've needed some of that money to support your retirement lifestyle; maybe not. Either way, if your 71st birthday is approaching, you've got some decisions to make about the money in your RRSP – and they can't be put off...more
How's your retirement income plan? Maybe it's time you had one
As a working person, it's usually pretty easy to figure out where your income is coming from. As a salaried employee, you get a cheque or a direct deposit into your bank account - simple. But when you retire, your income derives from a variety of sources that can be hard to get a handle on. That's why having a retirement income plan is a good idea - so here is some basic info and tips to get you started...more
No aversion to RRSP conversion
As you approach retirement, your focus changes from saving money to addressing how you will manage your money once you retire. When you turn 71 years of age your Registered Retirement Savings Plan (RRSP) will have to be converted to retirement income and knowing the three basic options will help you make the proper decision...more
Advice for working retirees
A surprising number of Canadians continue to work after their "official" retirement. According to Statistics Canada, one out of every six people in the 60 to 64 age bracket return to the paid workforce in some capacity...more