The Retirement Crisis

(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...

“That’s kind of inevitable with the trend towards DC. They are going to be outliving their benefits, and they are going to turn to the payer of last resort, which is government. It’s a ticking time bomb in our economy … it is a huge public policy issue facing the entire developed world.” – Mike...

Upping the annual contribution limit for the Tax Free Savings Account (TFSA) to $10,000 from $5,500 will “provide Canadians with an opportunity to accumulate tax-free savings at a significantly higher rate over the course of their adult years,” writes Karen Tarbox at Benefits Canada. However, according to the 2015...

(April 24, 2015) A new study by the Employee Benefits Research Institute (EBRI) shows that while confidence in having enough money to enjoy a comfortable retirement is up, one-third of Americans still report to having virtually no money set aside for retirement, writes Ken Berry at CPA Practice Advisor. That’s the...

(April 24, 2015) Ontario’s upcoming budget is expected to have “a number of significant announcements regarding pension reform,” reports Benefits and Pensions Monitor. The 2015 budget, Building OntarioUp, will include draft legislation for the Ontario Retirement Pension Plan Administrative Corporation, which will be...

(April 23, 2015) When asked how to best fund New Jersey’s pension system, a new poll suggests two-thirds of New Jerseyans say money should be raised through income taxes on millionaires, reports www.NJ.com. However, running into that strategy is a pledge by Gov. Chris Christie not to raise income taxes – “a...