Tag: retirement

A recent poll done by CIBC and Harris/Decima has found that 59% of Canadian retirees are still in debt. Worse yet, the poll finds that 55% of people that carry debt into retirement have seen their debt levels either increase or remain unchanged over the past year. As you can imagine, it only becomes more …

According to an Ipsos Reid Retirement Risk survey conducted earlier this year, roughly 72 per cent of Canadians approaching retirement are concerned over how they will maintain a comfortable standard of living through their retirement years. Most Canadians are additionally anxious that their savings will not be sufficient in covering needed health care expenses. Sun …

While low Canadian interest rates have been helpful for those looking to buy a home, the Globe and Mail reports that they are also making it difficult for those getting ready to retire.

RRSP funds can be attributed to, or to a combination of, mutual funds, guaranteed investment certificates, bonds, stocks, deposit accounts or segregated funds.

Tax-Free Savings Accounts have been available to Canadians for two years, yet only one third of Canadians have opted to open one for themselves.

You portfolio will benefit greatly from a blend of investments that remain liquid and accessible in addition to others that build slowly, locked-in, over the long-term.

More than half of the baby boomer generation has paid off less than 50 per cent of their current mortgage.

A reverse mortgage frees the equity you have built in your home with very little out of pocket expense – as little as $300 to $600 so long as no title issues are attributed to your property.