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Retirement Planning and Post Retirement |
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Health Care Coverage and Costs in Retirement |
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Mar 2010 Health care coverage and costs should be an important consideration in your retirement planning. You need to have an idea of what coverage you will need and the associated costs, and then plan accordingly. [more]
Submitted by: Teena Dawson
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Personal Finances |
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Do You Have the Right Life Insurance? |
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Oct 2009 Having adequate life insurance should be an important part of your financial planning. The type(s) you choose will depend on your needs and goals. [more]
Submitted by: Teena Dawson
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Retirement |
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Company Pension Plans in Canada |
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Sep 2009 This article provides an introduction to company pension plans as well as a discussion of several issues currently facing company pension plans in Canada. [more]
Author: Laura Woodger
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Retirement |
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Estate Planning ... Taking Care of Your Heirs? |
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Jul/Aug 2009 It's a fact of life that none of us are going to live forever. Most of us welcome the peace of mind of knowing that our loved ones will be taken care of according to our wishes after we are gone. [more]
Submitted by: Teena Dawson
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Post-Retirement |
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RRSPs at Retirement: Should I Opt for a RRIF or an Annuity? |
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June 2009 You cannot keep your Registered Retirement Savings Plan (RRSP) beyond the end of the year that you turn age 71. This article looks at your options, evaluating the advantages and disadvantages of each. [more]
Author: Laura Woodger
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Personal Finances |
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Tax-Free Savings Accounts versus Registered Retirement Savings Plans |
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May 2009 In January 2009, the federal government created an additional tax-effective vehicle for Canadians to save called the Tax-Free Savings Account (TFSA). This registered savings account is available to all Canadian residents age 18 and over from all income levels. [more]
Submitted by: Teena Dawson
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Personal Finances |
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What Happens If Your Life Insurance Company Goes Bankrupt? |
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Apr 2009 Assuris is a not for profit organization that provides an industry funded protection plan to protect Canadian policyholders in the event that their life insurance company should fail. [more]
Author: Laura Woodger
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Personal Finances |
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What Protects You if Your Investment Dealer Becomes Insolvent? |
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Mar 2009 In the event that your investment broker/dealer becomes bankrupt, the Canadian Investor Protection Fund (CIPF) will facilitate transferring your account (along with its associated assets) to a solvent firm. CIPF's primary role is to ensure your assets are transferred and that the associated costs are covered. [more]
Submitted by: Teena Dawson
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Personal Finances |
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What happens to your savings if your bank or financial institution becomes bankrupt? |
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Feb 2009
It's important to be aware if your savings are covered.
Submitted by: Teena Dawson
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Post Retirement |
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Reverse Mortgages - A Source of Funds for Retirement? |
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Jan 2009 Many people make it a goal of their financial lives to invest in a home. It is a great accomplishment when that last mortgage payment is made. Can a reverse mortgage, taken out after retirement, be a good use of this investment? Much of the material on this subject that is publicly available is offered by organizations who are selling reverse mortgages so it often fails to provide a balanced view. This article will present the details of reverse mortgages so you are able to gain a balanced understanding of the product. [more]
Author: Laura Woodger
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Personal Finances |
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With the new Tax-Free Savings Account (TFSA), |
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Dec 2008 Beginning on January 2, 2009, a registered savings account called a Tax-Free Savings Account (TFSA) provides residents age 18 and over from all income levels with a unique savings vehicle. [more]
Submitted by: Teena Dawson
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Retirement Planning / Post Retirement Planning |
| Tax Solutions Comprehensive |
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Income-splitting to reduce your tax bite |
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A partnership of equals - except when it comes to taxation and investing. April 2008 Most of us would agree a spousal relationship works best when it's a partnership of equals - except when it comes to taxation and investing. When one spouse earns more than the other, it opens up new potential for reducing taxes and increasing your after-tax investment income through the application of a few simple income-splitting strategies. And that is especially true right now thanks to the current 'and very low' government prescribed interest rate on taxable benefits. Here's how you can benefit from splitting income with your spouse. [more]
Submitted by: Louise Diotte
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Personal Finances Are you financially fit? May 2007 People spend a lot of time worrying about what they eat, how much they weigh and how healthy their hearts are. Over the past 55 years, a woman's life expectancy has increased by 17 years. While we are all now living longer and healthier lives, for many people, financial fitness still isn't a reality. Forty-five percent of single women 65 and older still live below the poverty line. And if that isn't frightening enough, many people are doubtful of chances of ever becoming financially fit. [more] |
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Personal Finances RRSPs aren't just for Retirement May 2007 There was a time when the only thing Registered Retirement Savings Plans were used for was retirement planning. Or so all the brochures said. "Never touch this money" the experts expounded. "An RRSP is a long-term investment" the specialists declared. But is it? [more] |
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Retirement Planning Boosting Retirement Savings May 2007 It's not unusual for people who are approaching retirement age to assess how they're doing financially and then PANIC! It's easy to get depressed when you look at the forecasts for what you'll need to live comfortably. Advisors have rules of thumbs which sound perfectly reasonable ? you'll need approximately 70% of your income prior to retirement ? but which seem completely unachievable when you take your current income and savings into account. The magical ?million? which is often tossed around may seem ludicrously huge if, like most Canadians, you've lived most of your life working hard to make ends meet. [more] |
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Retirement Planning Retirement Planning, Just Get Started May 2007 I've been yacking on about RRSPs for years. I'm absolutely passionate about them. I figure, if the government is going to give us such a huge incentive to save for the future with no downside, then we'd be fools not to take advantage of it. Yet, every year, millions of Canadians fail to sock away money in an RRSP. Is it I or they that just don't get it? [more] |
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Retirement Planning RRSPs: A big bang for your buck May 2007 The barrage of information on RRSPs has started streaming through the mailbox, over the radio and television, and through the newspapers. With legislative changes and all that has been written about RRSPs, it seems to get harder to figure out where we should be focusing our attention each year ? even through RRSPs offer us the biggest bang for our investment dollars. [more] |
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Post Retirement Retiring Your Way May 2007 Retirement: "Statutory senility" [1]; "An elegant sufficiency, content, ... rural quiet, friendship, books" [2]; "Retire? Retire to what?" [3] [more] |
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Legal Issues Taking Care of the Details May 2007 After Alexandra was born, I absolutely hounded my husband to make a will. The arrival of that wee, sweet-smelling bundle of dependence brought home the need to take care of the details of our financial life, just in case. [more] |
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