Ten retirement myths series: Myth #9

Ten retirement myths series: Myth #9

POSTED BY PETER WOUTERS  Things often go wrong or take an unexpected turn even though you carefully planned what you were going to do. Robert Burns’ famous line basically said that the best laid plans of mice and men often go astray. That extends to intentions of staying on the job or finding paid work later […]

What is your most valuable asset?

What is your most valuable asset?

Wouldn’t it make sense to insure your most valuable asset?

Ten retirement myths series: Myth #8

Ten retirement myths series: Myth #8

POSTED BY PETER WOUTERS  At the risk of sounding nitpicky, governments don’t pay for anything. Working Canadians do. Taxpayers do. Taxes are directed to certain areas of need. Growing needs and rising costs means that there isn’t enough public money to go around. That reality is hitting retirees and will hit them harder as time goes on. […]

Ten retirement myths series: Myth #7

Ten retirement myths series: Myth #7

POSTED BY PETER WOUTERS  Some rules of thumb and long held assumptions may work well while you are saving for retirement. Holding on to them when you are spending those savings during retirement, may become toxic to your financial health. The myth is that you’ll have enough money to last through retirement as long as the […]

Segregated funds vs. mutual funds: how do they compare?

Segregated funds vs. mutual funds: how do they compare?

Two great investment options with distinct differences. Many investors have heard about mutual funds and the wealth potential they have as an investment. Fewer know about segregated fund solutions (seg funds) and their unique features and advantages. Like mutual funds, seg funds are pooled investments. They combine the money of many investors, creating economies of […]

Ten retirement myths series: Myth #6

Ten retirement myths series: Myth #6

I’m sure you can come up with a list of things that don’t fit the “set it and forget it” philosophy. Set the cruise control and forget it. Set the room temperature and forget it. Invest in a certain investment that has a particular risk associated with it and forget it. You need to make […]

Ten retirement myths series: Myth #5

Ten retirement myths series: Myth #5

The myth of never touching your capital starts when people are working and saving for retirement. Some become conscientious savers, never touching their nest egg. That mentality spills over into retirement. Changing habits can be hard. Retirement myth #5: Never touch your capital. Conventional thinking and approaches often work on keeping your assets intact during retirement. […]

Ten retirement myths series: Myth #4

Ten retirement myths series: Myth #4

How much income will you need during retirement? The myths and misunderstandings continue, despite growing evidence and research that debunk them. Retirement myth #4: You need 70-85% of your current income in retirement. Retirement myth #4: You need 70-85% of your current income in retirement. A growing number of analysts and researchers on retirement income […]

Ride out volatility with a systematic approach

Ride out volatility with a systematic approach

A systematic investing plan provides discipline and the potential for better returns. Investors who watch the markets closely can get dizzy tracking all the ups and downs – and, as prices fluctuate, often unpredictably, it can be hard to stay focused on long-term plans. When markets drop, it can be very difficult to fight the […]

6 Life stages that trigger the need for life insurance

6 Life stages that trigger the need for life insurance

  Click here for a customized life insurance calculator

Ten retirement myths series: Myth #3

Ten retirement myths series: Myth #3

How much is enough? Books have been written on the subject of retirement and what you need to save. Myths abound on this question. Here’s one to consider: I need $500K, $1M, $2M to retire. Retirement myth #3: I need $500,000, $1 Million, $2 Million to retire. The fact is that your “number” can vary greatly […]

How to save money as you head into retirement

How to save money as you head into retirement

By Cathie Ericson As retirement gets closer, your budget, priorities and lifestyle habits may change. Here’s how you can adapt to those changes and save money along the way. How do you picture retirement? Is it adventures with the grandkids? Vacations with friends? That sounds idyllic, but it’s not always realistic portrayal of retirement. According […]

Financial myths and realities: Succession planning

Financial myths and realities: Succession planning

By Patricia Dubois There are many money myths around, and Sun Life advisors have heard nearly all of them. Here are 2 about succession planning – and the realities behind them. There’s no shortage of misconceptions about money. Well-meaning but mistaken people often spread them to family and friends, and sometimes even try to insist […]

Ten retirement myths series: Myth #2

Ten retirement myths series: Myth #2

It’s surprising, even shocking, that with all of the attention devoted to an aging society and the need to save for retirement, that so few people are inspired to get started; and then save so little. Many do have a doom and gloom attitude about retirement. Myths aren’t helping matters. Retirement myth #2: I’ll never […]

The Family Dollar Juggling Act

The Family Dollar Juggling Act

Ten retirement myths

Ten retirement myths

We are experiencing a silver Tsunami. The leading edge of the Boomers turned 65 four years ago. On average, 1250 Canadians turn age 65 every single day. It’s part of a 20 year trend. But, most of the Boomers weren’t born in 1946-47. Most were born between 1961 -1965. That’s why you feel everyone has been […]

Financial Facts 2020 – Quebec

Financial Facts 2020 – Quebec

Due to COVID 19 the RRIF minimum withdrawal has been modified down. See the 2020 rates at the end of this article Age 2020 RRIF Factors 55 2.15% 56 2.21% 57 2.27% 58 2.35% 59 2.42% 60 2.50% 61 2.59% 62 2.68% 63 2.78% 64 2.89% Age 2020 RRIF Factors 65 3.00% 66 3.13% 67 […]

It Pays to Stay Invested…

It Pays to Stay Invested…

How much life insurance does my family need?

How much life insurance does my family need?

The answer to this question differs from one person to the next. Consider the following: ► What would be the financial impact on your family if they lost 100% of your income? ►  What would be the financial impact on your family if they lost 75% of your income? ►  What would be the financial impact on […]

Who Pays for medical expenses in Quebec?

Who Pays for medical expenses in Quebec?

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