Retirement Income Planning
Build Your Retirement Savings Faster with an Individual Pension Plan (IPP) The contributions to an IPP are graduated by age, and as such as the individual grows older, their contributions increases by a rate of 7.5% per year unlike the RRSPs fixed maximum of $14,500. For example an individual who is earning $100,000 per year […]
Private Pension Crisis? So what is an unfunded liability? It’s the amount by which the liabilities of the pension plan exceed assets in the plan, at a given date. What are some of the factors that affect this unfunded liability and how does it occur? 1. The company is not profitable enough to keep up the […]
Book Review: The Number– What is a Safe Withdrawal Rate? Every once in while, a really great book comes out. If you only read one financial book this year, I highly recommend The Number by Lee Eisenburg. In a nutshell, The Number is about formulating your personal retirement strategy not just the monetary nest egg. […]
The Insured Annuity Strategy – Options in a Low Interest Rate Environment. In a previous article, I introduced the concept of annuities. In this article, I’ll introduce a very intriguing concept, the “insured annuity”. It took me a few times seeing this concept presented to fully understand it, so if at first glance it seems complicated, […]
Service Canada – Canadian Retirement Income Calculator With RRSP season having just ended and tax season ramping up, the last thing on most people’s minds right now is planning for their retirement. Whether you do your own investing on-line, use your local bank, broker, or a financial planner do you know your “Number”? Experience shows […]