Retirement

Retirement is more expensive than you think
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Insight

One of the assumptions about retirement is that your expenses will drop by about 30 per cent once you leave the workforce. According to Franklin Templeton’s 2016 Retirement Income Strategies and Expectations s…

Answering your tax time questions
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Insight

With only days left until the filing deadline, it’s time for all those last-minute filers to start f…

Troy Hagen retiring as Regina police chief

After eight years as the city's top cop, Regina Police Chief Troy Hagen is stepping down. Hagen, 58…

Latest News

  • $640K retirement package for ill St. John's city manager
    $640K retirement package for ill St. John's city manager CBC

    A St. John's city manager who retired in February due to health reasons was paid well over half-a-million dollars in a "mutually agreeable compensation package," a city statement said Thursday. Neil Martin …

    $640K retirement package for ill St. John's city manager

    A St. John's city manager who retired in February due to health reasons was paid well over half-a-million dollars in a "mutually agreeable compensation package," a city statement said Thursday. Neil Martin left the job after 29 years of service with the city, including jobs as director and city clerk. The statement from …

  • Retiring Windsor jeweller stuck with a 4-ton problem
    Retiring Windsor jeweller stuck with a 4-ton problem CBC

    On April 30, when Harry Dokmecian locks up Weeks Jewellers one last time, after more than 45 years of fixing and selling jewellery in downtown Windsor,  he could be leaving more than his life's work behind. …

    Retiring Windsor jeweller stuck with a 4-ton problem

    On April 30, when Harry Dokmecian locks up Weeks Jewellers one last time, after more than 45 years of fixing and selling jewellery in downtown Windsor,  he could be leaving more than his life's work behind. Dokmecian said Weeks Jewellery inherited the safe in 1971 from Vezina Jewellery.

  • Former P.E.I. MP Gail Shea: politics is over, she's enjoying retirement
    Former P.E.I. MP Gail Shea: politics is over, she's enjoying retirement CBC

    Gail Shea has no desire to make a political comeback, and says she has 14 good reasons: her 14 grandchildren. Shea, the former Conservative MP for Egmont and federal fisheries minister, was defeated by …

    Former P.E.I. MP Gail Shea: politics is over, she's enjoying retirement

    Gail Shea has no desire to make a political comeback, and says she has 14 good reasons: her 14 grandchildren. Shea, the former Conservative MP for Egmont and federal fisheries minister, was defeated by Liberal Bobby Morrissey in last fall's election after seeking a third term.

  • RCMP's commanding officer in New Brunswick, Roger Brown, retiring CBC

    The commanding officer of the RCMP in New Brunswick, Assistant Commissioner Roger Brown, is retiring. Brown has told the RCMP his last day on the job will be June 4, 2016, after a 36-year career with …

    RCMP's commanding officer in New Brunswick, Roger Brown, retiring

    The commanding officer of the RCMP in New Brunswick, Assistant Commissioner Roger Brown, is retiring. Brown has told the RCMP his last day on the job will be June 4, 2016, after a 36-year career with the force.

  • P.E.I. doctor shortage needs major changes to fix, says retiring Health PEI CEO CBC

    The outgoing CEO of Health PEI says it's going to take major changes to make sure every Islander has access to family medicine services. Thursday is Dr. Richard Wedge's last day in the job he's had for …

    P.E.I. doctor shortage needs major changes to fix, says retiring Health PEI CEO

    The outgoing CEO of Health PEI says it's going to take major changes to make sure every Islander has access to family medicine services. Thursday is Dr. Richard Wedge's last day in the job he's had for four years. Before that, Wedge was Health PEI's Director of Medical Affairs.

  • Kelowna's 'Men's Shed' replaces isolation with purpose in retirement CBC

    Every Tuesday morning at a seniors residence in Kelowna, a group of older men gather for a chat over coffee, or head over to a nearby woodwork shop to finish a hobby they started during the group's hobby …

    Kelowna's 'Men's Shed' replaces isolation with purpose in retirement

    Every Tuesday morning at a seniors residence in Kelowna, a group of older men gather for a chat over coffee, or head over to a nearby woodwork shop to finish a hobby they started during the group's hobby and craft afternoons held each Thursday. The men are part of a "Men's Shed" — a type of non-profit organization that …

  • ‘Love It or List It’ star Hilary Farr’s tips for getting your home ready for retirement Insight

    If you want to stay in your current home once you retire, you'll probably want to consider some of these changes.

    ‘Love It or List It’ star Hilary Farr’s tips for getting your home ready for retirement

    If you want to stay in your current home once you retire, you'll probably want to consider some of these changes.

  • Winnipeg police chief Devon Clunis retiring CBC

    Winnipeg's police chief is stepping down. Devon Clunis, who was sworn in on Nov. 2, 2012, is set to announce his retirement Thursday at 2 p.m. Clunis, who began his career with the Winnipeg Police Service …

    Winnipeg police chief Devon Clunis retiring

    Winnipeg's police chief is stepping down. Devon Clunis, who was sworn in on Nov. 2, 2012, is set to announce his retirement Thursday at 2 p.m. Clunis, who began his career with the Winnipeg Police Service in 1987, has served in all major areas of the organization, including uniform patrol, traffic, plainclothes investigation, …

  • More than a third of Canadians are withdrawing from their RRSPs before retirement Insight

    It turns out that thousands of Canadians have cashed in some of those funds well before reaching that stage in life.

    Should you invest in an RRSP or a TFSA?

    It turns out that thousands of Canadians have cashed in some of those funds well before reaching that stage in life.

  • Caesars Windsor offering early retirement packages CBC

    Caesars Windsor is offering early retirement packages to some employees in a move the union says is designed to bring other employees back from layoff. The "enhanced retirement packages" are similar to …

    Caesars Windsor offering early retirement packages

    Caesars Windsor is offering early retirement packages to some employees in a move the union says is designed to bring other employees back from layoff. The "enhanced retirement packages" are similar to the buyouts commonly offered in the manufacturing industry, but they are not the same, said Dino Chiodo, the president …

  • Early retirement incentives can add up, says former labour leader CBC

    It can cost a lot of money to buy out a retiring worker, says a former head of the Newfoundland and Labrador Federation of Labour. Bill Parsons says the benefits offered to non-union staff are aimed at …

    Early retirement incentives can add up, says former labour leader

    It can cost a lot of money to buy out a retiring worker, says a former head of the Newfoundland and Labrador Federation of Labour. Bill Parsons says the benefits offered to non-union staff are aimed at recruiting and retaining managers. Parsons did some math for the St. John's Morning Show Wednesday, after city council …

  • Don’t freak out over the latest warning you're not saving enough for retirement Insight

    Of the half of Canadian couples between 55 and 64 without employer pensions, only 15 to 20 per cent have actually squirreled away enough.

    Retirement

    Of the half of Canadian couples between 55 and 64 without employer pensions, only 15 to 20 per cent have actually squirreled away enough.

  • Seniors increasingly likely to retire in poverty, study says CBC

    Calgary millennials admit they aren't storing enough cash away for their retirement years — and more seniors are at risk of retiring in poverty. While a new study from the Broadbent Institute focused …

    Seniors increasingly likely to retire in poverty, study says

    Calgary millennials admit they aren't storing enough cash away for their retirement years — and more seniors are at risk of retiring in poverty. While a new study from the Broadbent Institute focused on those approaching retirement between the ages of 55 and 64 financial experts say it highlights a trend — young people …

  • Top early retirement for senior St. John's staff over $500K CBC

    A St. John's city councillor has released the amount of money paid out to individual senior city staff members who availed of an early retirement offer, totalling nearly $7.1 million.

    Top early retirement for senior St. John's staff over $500K

    A St. John's city councillor has released the amount of money paid out to individual senior city staff members who availed of an early retirement offer, totalling nearly $7.1 million.

  • $7M early retirement incentive bill for city of St. John's senior staff CBC

    The city of St. John's has released numbers on how much it is paying out to encourage city staff to retire early. The total, which includes the payout of annual leave and severance pay along with the …

    $7M early retirement incentive bill for city of St. John's senior staff

    The city of St. John's has released numbers on how much it is paying out to encourage city staff to retire early. The total, which includes the payout of annual leave and severance pay along with the retirement incentive, added up to $7,088,809, as of Jan. 31, said the city in a news release Monday. The early retirement …

  • Debt in retirement a growing issue — and a fate best avoided CBC

    You can hear the frustration in the voice of financial adviser Jean Freed as she recounts the horror stories she`s heard as people approach their retirement years with large debts hanging over them. Now …

    Debt in retirement a growing issue — and a fate best avoided

    You can hear the frustration in the voice of financial adviser Jean Freed as she recounts the horror stories she`s heard as people approach their retirement years with large debts hanging over them. Now they're losing their house because they went into debt. - People over the age of 65 are taking on more debt at a faster …

  • Dr. Richard Wedge, Health PEI CEO, retiring at the end of May CBC

    Dr. Richard Wedge will retire as CEO of Health PEI at the end of May, he announced Monday. Wedge has worked in health administration on P.E.I. for more than 20 years. "It has been an honour and privilege …

    Dr. Richard Wedge, Health PEI CEO, retiring at the end of May

    Dr. Richard Wedge will retire as CEO of Health PEI at the end of May, he announced Monday. Wedge has worked in health administration on P.E.I. for more than 20 years. "It has been an honour and privilege to work as CEO of Health PEI," Wedge in a written release.

  • Baby Boomers are facing a whole new retirement 'crisis' Business Insider

    FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary...

    FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary...

  • The Financial Perks of Downsizing US News

    From TV shows like "Tiny House Hunters" to blogs like "Becoming Minimalist," it seems as though people everywhere are talking about how to pare down possessions. "I have a client who rides his bike a …

    From TV shows like "Tiny House Hunters" to blogs like "Becoming Minimalist," it seems as though people everywhere are talking about how to pare down possessions. "I have a client who rides his bike a lot of places," says Bob Gavlak, a certified financial planner and wealth advisor with Strategic Wealth Partners in Ohio, …

  • House GOP seeks to block stricter rule on retirement savings The Canadian Press

    WASHINGTON - The GOP-controlled House has voted along party lines to overturn new Obama administration rules requiring stricter standards for brokers regarding retirement investments.

    WASHINGTON - The GOP-controlled House has voted along party lines to overturn new Obama administration rules requiring stricter standards for brokers regarding retirement investments.