Are Canadians Financially Unprepared for Retirement?
Retirement is a time when people stop working and can finally enjoy the fruits of their labour. It’s a time to relax, travel and spend time with loved ones. However, not everyone has the means…
Retirement Planning
Canadian Planning for Healthcare Costs in Retirement
As people age, their healthcare needs tend to increase, and this can be a significant financial burden for those who are retired and living on a fixed income. In Canada, the government does provide some…
Retirement Planning: How much do you need to retire on $6,000 per month at age 65?
Retirement planning is an important aspect of one’s financial life. It is important to plan and save for the future to ensure a comfortable standard of living during retirement. The amount of money needed to…
Retirement Savings in Canada by Age Group
Retirement savings is a crucial aspect of an individual’s financial planning. In Canada, the age of retirement is 65 and individuals are expected to have sufficient savings to support themselves for the rest of their…
Is a Million Dollars enough for a Canadian to Retire at 55?
John and Susan are a hypothetical couple with two kids living in Canada. They have both worked for 30 years and have decided to retire at the age of 55. They have a combined retirement…
Canadian Retirement Catch-up Strategies for Late Starters
Retirement planning is an important aspect of an individual’s financial life. It requires careful consideration and planning to ensure that you have enough savings to support you during your golden years. Unfortunately, many people in…
5 Ways for Seniors to Unlock Your Home Equity in Retirement
As Canadians approach retirement, they often have a significant portion of their wealth tied up in their homes. Home equity can be an important source of funds for seniors, who may need extra cash to…