10 tips for a better retirement
Sunset on Lake Today I’m going to share a list of 10 things you can do to prepare for a fulfilling retirement. 1. Housing. The aging process can result in less mobility. Consider a house with no stairs and an easy way to access the garage. 2. Car. Some cars are either too high off […]
Why is it so difficult for people to save?
Why do so many people have so much trouble saving? This applies to both high and average earners. The data on how many of us have so little ability to save is alarming. According to a recent survey by GoBankingRates in the United States, people with an income in excess of US $150,000 have trouble […]
Planning for retirement: how long will you live?
How long will you live? That is the million-dollar question when it comes to planning for retirement. Not understanding how long your money has to last can create a lot of uncertainty. There are plenty of statistics to show people are living longer. Zürich-based UBS group AG continues to monitor and study 5,000 of the […]
Plan for retirement spending
How much money will you need to finance your retirement? That seems to be the question on most people’s minds. One that concerns different ages and stages of life. The number one fear many people have is outliving their money. While we can all agree the future is uncertain, most individuals who think about funding […]
Planning for retirement is getting more complex
Historically, when thinking of retirement, the key question was whether you had enough money to support your desired lifestyle for the rest of your life. The fear being you would run out of capital. Statistics Canada reports that Canadians are living longer, and estimates 20 per cent of Canadians will be 65 years of age […]
Parents give adult children $24k average to move out
Recently CIBC commissioned a poll of Canadians to learn more about how families gift money. It is important to understand that there are no taxes on financial gifts to adult children in Canada, no matter the amount given. The poll showed 76 per cent of parents would be happy to give money if it would […]
Survey shows more younger Canadians worry about money
Many Canadians are concerned about their finances. This applies to people of all ages. A survey titled The Financial Comfort Zone Study was conducted by Credo Consulting Inc. It appears 6,000 Canadians have been surveyed already and that number will double during the next six months. The biggest worry Canadians have about their future is […]