Retirement Planning
Turning 71? Little-Known Factors That Could Affect Your RRIF Payout
Turning 71 in Canada is one of the most important ages when it comes to registered retirement income (RRIF) planning. The decisions you will have to make in that one year will significantly impact your financial planning for retirement. Here is a list of some little known factors that could affect your RRIF payout in…
Financial Planning For 60 Year Olds – BNN Interview
Our very own Scott Plaskett, CFP was invited to The Business News Network Studio’s to discuss a very important topic: Financial Planning for 60 year olds. Here is a link to that video:
Not Your Dad’s Pension Plan
Pensions have changed a lot since the early days when employees could rely on a generous defined benefit (DB) plan to take them through their retirement years. DB plans, which guarantee a set payout on retirement, are being replaced by defined contribution (DC) plans or Group RRSPs. With these plans, there is no guaranteed benefit…
Make Retirement the Time of Your Life: Ask Yourself Three Questions
You’ve spent years in anticipation of retirement – now that it’s around the corner, it’s time to realize there’s more to retirement planning than just financial security. If you’re only saving for basic living expenses once you retire, then you may want to revisit your plan. Retirement should allow you to pursue your interests and…