Category Archives: retirement

Four Elements of Financial Planning

Posted on March 31, 2014 by Rick

When most people hear the term “financial planning”, they automatically assume it has something to do with saving and investing. While saving and investing are integral components of financial planning, they represent only one part of the equation. As we … Continue reading →

Posted in budget, credit, debt, financial goals, financial planning, Insurance, investing, retirement, saving, security | Comments Off

The Purpose of Your RRSP

Posted on February 18, 2014 by Rick

You are probably hearing a lot these days about the options for your Registered Retirement Savings Plan, or RRSP. The reason is that the deadline for 2013 eligible contributions is fast approaching. Thanks to various government programs, the RRSP has … Continue reading →

Posted in financial goals, financial planning, retirement, saving, Taxes | Comments Off

Changing Needs During Retirement

Posted on March 14, 2013 by Rick

For those of you who are older than age 50, we ask that you think about how your life and lifestyle changed in the thirty years between your 20s and 50s. If you’re in your 20s, you will have to … Continue reading →

Posted in budget, financial goals, financial planning, retirement, saving, security | Comments Off

Are You Ready for Retirement?

Posted on February 12, 2013 by Rick

So you’re thinking about retirement. It may sound good; however, it can also be an emotional and stressful time of life. You begin to dream of playing golf every day, travelling the world, or just sitting back and relaxing. But … Continue reading →

Posted in budget, financial goals, financial planning, investing, retirement, saving, security | Comments Off

Tax Planning – A Year Round Event

Posted on February 11, 2013 by Rick

You are no doubt being inundated with all the virtues of the Registered Retirement Savings Plan (RRSP) and the tax saving benefits that come along with this program. The problem is that many Canadians only do their tax planning at … Continue reading →

Posted in financial goals, financial planning, investing, retirement, saving, Taxes | Comments Off

Risk Free Returns or Return Free Risk

Posted on September 18, 2012 by Rick

Over the past few years there has been a flight out of equities and into government bonds. People fear the volatility that has plagued equities since 2008. This strategy appears to have worked. However, there is risk associated with this … Continue reading →

Posted in financial goals, financial planning, investing, retirement, security, world | Comments Off

What’s Your Legacy?

Posted on June 18, 2012 by Rick

Estate planning is something that is supposed to be done before one dies. The legal document in the estate planning process is called the will. The will determines how a person’s financial affairs are to be dealt with at death. … Continue reading →

Posted in financial planning, retirement | Comments Off

When Should You Start Collecting CPP?

Posted on June 18, 2012 by Rick

The normal age to start drawing from the Canada Pension Plan (CPP) is age 65. You can begin drawing as early as age 60, but there is a penalty for taking CPP early. So this is an important question that … Continue reading →

Posted in financial goals, financial planning, retirement, saving | Comments Off

The Death of Old Age Security

Posted on February 21, 2012 by Rick

Today’s retirees were born into a world of entitlement in which the employer, the union and the government provided a defined-benefit retirement plan and financial security from cradle to grave. This scene is changing fast. As Canadians age we are … Continue reading →

Posted in budget, financial goals, financial planning, investing, retirement, saving, security | Comments Off

What is Financial Planning?

Posted on February 9, 2012 by Rick

When most people hear the term “financial planning”, they automatically think it has something to do with savings and investing. This is only part of the definition. Although saving and investing is an integral component of financial planning, there is … Continue reading →

Posted in budget, financial goals, financial planning, investing, retirement, saving, security | Comments Off