The Retirement Crisis

(April 23, 2015) Increased longevity and a lack of workplace pensions are raising concerns that people might outlive their savings, and have led organizations like CARP to call for an end to mandatory RRIF withdrawal rules. The new federal budget eases the withdrawal rules, and also doubles to $10,000 the amount that...

(April 22, 2015) When Prime Minister Stephen Harper first raised a concern about Canada’s retirement system, he was at a congress of world leaders in Davos, Switzerland. And although he didn’t specifically mention Old Age Security (OAS) on that day in January 2012, it soon became evident that’s what he was talking...

(April 22, 2015) According to a new report from Morneau Shepell, “diversified pooled fund managers posted a median return of six per cent before management fees” in the first quarter of 2015, reports www.marketwatch.com. “Stock and bond markets made important advances in the first quarter, generating very high pension...

(April 21, 2015) Retired New Brunswick civil servants who are in court fighting the government over unilateral changes to their pensions have been offered a new deal, reports CBC News. The offer reportedly deals with two of the retirees main concerns about the risk-sharing model introduced by the previous NB...

(April 21, 2015) If there is comfort in company, the nearly one third of Americans who have almost nothing put aside for retirement should feel it bit better about their dilemma. Retirement insecurity is a concern that stretches across the developed world, as millions of people look at retirement with worry if not...

(April 21, 2015) How safe is the value of your house as a vehicle for retirement income? According to financial author and speaker Garth Turner, “if you’re buying real estate now, you’ll hate yourself later,” writes Robert Baillieul at The Motley Fool. Garner, writes Baillieul, warns that even a small correction...

(April 16, 2015) When it comes to financial literacy, the experts will tell you it’s never too early to start. As Joe Udo writes for US News, parents want their children to grow up being financially aware, but that is often easier said than done. How can parents teach children about finances, when they may not be all...