Retirement

DIVIDED AMERICA: Easy retirement? Only for a privileged few

The American dream of a blissful retirement, free of financial worries, is dying. Most U.S. households are heading for a worse lifestyle in retirement than they had while they were working, because they simply…

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  • Dallas mayor files lawsuit to stop pension withdrawals The Canadian Press

    Dallas Mayor Mike Rawlings filed a lawsuit Monday seeking to stop the Dallas Police and Fire Pension system from allowing retirees to pull their deferred retirement funds from the ailing system. Rawlings' …

    Dallas Mayor Mike Rawlings filed a lawsuit Monday seeking to stop the Dallas Police and Fire Pension system from allowing retirees to pull their deferred retirement funds from the ailing system. Rawlings' attorney wrote in the lawsuit, which the mayor did not file in his official capacity, that he believes the pension …

  • Most decumulation strategies fall short when investment returns are poor CNW Group

    This is according to Fred Vettese, Chief Actuary at Morneau Shepell (TSX:MSI.TO - News), the largest company in Canada offering human resources consulting and outsourcing services. The Vision newsletter …

    This is according to Fred Vettese, Chief Actuary at Morneau Shepell (TSX:MSI.TO - News), the largest company in Canada offering human resources consulting and outsourcing services. The Vision newsletter gives the example of a retiring couple who spend all of their retirement savings by age 75 through following accepted …

  • Nearly half of Canadian homeowners aren't prepared for emergency expenses: Manulife Bank survey CNW Group

    WATERLOO, ON, Nov. 24, 2016 /CNW/ - Almost half of Canadian homeowners don't have enough money set aside to deal with a financial emergency, while four in 10 have some difficulty managing common expenses …

    WATERLOO, ON, Nov. 24, 2016 /CNW/ - Almost half of Canadian homeowners don't have enough money set aside to deal with a financial emergency, while four in 10 have some difficulty managing common expenses associated with home ownership, a new survey by Manulife Bank of Canada shows. About one quarter of those polled have …

  • Is reality biting Gen-X when it comes to retirement savings? TD survey finds one in three Gen-Xers expect to work post-retirement CNW Group

    TORONTO, Nov. 24, 2016 /CNW/ - According to a recent TD survey, more than two-thirds of Canadians between the ages of 35 and 54 say they're not saving enough for retirement, and one in four say not being …

    TORONTO, Nov. 24, 2016 /CNW/ - According to a recent TD survey, more than two-thirds of Canadians between the ages of 35 and 54 say they're not saving enough for retirement, and one in four say not being ready for retirement is keeping them up at night. As a result, the majority of Gen-X Canadians (60 per cent) who aren't …

  • Easing your finances into retirement Morningstar

    What you need to know to get ready for your post-working life.

    What you need to know to get ready for your post-working life.

  • DIVIDED AMERICA: Easy retirement? Only for a privileged few The Canadian Press

    The American dream of a blissful retirement, free of financial worries, is dying. Most U.S. households are heading for a worse lifestyle in retirement than they had while they were working, because they …

    The American dream of a blissful retirement, free of financial worries, is dying. Most U.S. households are heading for a worse lifestyle in retirement than they had while they were working, because they simply aren't saving enough, experts say. Thirty-five per cent of households in their prime earning years or later have …

  • Federal Government introduces target benefit plans and pushes forward on CPP expansion CNW Group

    TORONTO, Nov. 15, 2016 /CNW/ - In the November 2016 issue of its monthly newsletter, News & Views, Morneau Shepell takes a look at moves made by the Federal Government to advance the expansion of the Canada …

    TORONTO, Nov. 15, 2016 /CNW/ - In the November 2016 issue of its monthly newsletter, News & Views, Morneau Shepell takes a look at moves made by the Federal Government to advance the expansion of the Canada Pension Plan (CPP) and the legislation introduced for the implementation of Target Benefit Plans (TBPs). The newsletter …

  • Canada unfazed by U.S. competition for infrastructure funds Reuters

    Canada is not worried about competing with the United States to draw private investment in infrastructure, Prime Minister Justin Trudeau said on Monday, adding that the country's long-term stability is …

    Canada's Prime Minister Justin Trudeau announces a $1.5 billion national Oceans Protection Plan while speaking at HMCS Discovery in Vancouver

    Canada is not worried about competing with the United States to draw private investment in infrastructure, Prime Minister Justin Trudeau said on Monday, adding that the country's long-term stability is attractive to investors. Canada's government said this month it would set up an infrastructure bank and give it access …

  • Five ways to help you reach your retirement goals GoldenGirlFinance.com

    Make your retirement dream a reality with these helpful tips.

    Five ways to help you reach your retirement goals

    Make your retirement dream a reality with these helpful tips.

  • Canada courts sovereign wealth for infrastructure bank: sources Reuters

    Canada's Liberal government is speaking to sovereign wealth funds and global private equity firms as well as domestic pension funds as it ramps up efforts to attract funding for its new infrastructure …

    Canada's Finance Minister Bill Morneau waits to testify before the House of Commons finance committee in Ottawa

    Canada's Liberal government is speaking to sovereign wealth funds and global private equity firms as well as domestic pension funds as it ramps up efforts to attract funding for its new infrastructure bank, according to two sources. The overseas investors that the officials developing the infrastructure bank are speaking …

  • Life and health insurance industry applauds Ontario adoption of PRPPs CNW Group

    TORONTO , Nov. 11, 2016 /CNW/ - The Canadian life and health insurance industry welcomes Ontario's adoption of regulations to make Pooled Registered Pension Plans available to Ontario workers. "PRPPs  …

    TORONTO , Nov. 11, 2016 /CNW/ - The Canadian life and health insurance industry welcomes Ontario's adoption of regulations to make Pooled Registered Pension Plans available to Ontario workers. "PRPPs ...

  • Canada pension boss sees opportunities after Trump win Reuters

    The Canada Pension Plan Investment Board, one of the world's biggest dealmakers, sees potential opportunities arising from Republican Donald Trump's election victory, its chief executive said in an interview. …

    The Canada Pension Plan Investment Board, one of the world's biggest dealmakers, sees potential opportunities arising from Republican Donald Trump's election victory, its chief executive said in an interview. Mark Machin, who became CPPIB's chief executive in June, said equity markets were reacting positively to the Republican …

  • New survey shows need for greater financial knowledge among Canadians CNW Group

    TORONTO, Nov. 3, 2016 /CNW/ - A recent survey by Tangerine found that only half of Canadians consider themselves knowledgeable when it comes to personal finances. Despite the need for greater personal …

    TORONTO, Nov. 3, 2016 /CNW/ - A recent survey by Tangerine found that only half of Canadians consider themselves knowledgeable when it comes to personal finances. Despite the need for greater personal finance knowledge, 79 per cent of Canadians surveyed say they have savings goals for the future. Top savings goals include …

  • Ontario Teachers' Pension Plan expresses support for federal infrastructure investment plan CNW Group

    TORONTO, Nov. 1, 2016 /CNW/ - "A national infrastructure investment strategy guided by a long term vision of independent governance and commercial viability could be transformative for Canada in terms …

    TORONTO, Nov. 1, 2016 /CNW/ - "A national infrastructure investment strategy guided by a long term vision of independent governance and commercial viability could be transformative for Canada in terms of productivity, employment and return on investment," Ron Mock, President and Chief Executive Officer, Ontario Teachers' …

  • Canada pension boss warns against political interference Reuters

    The head of the Canada Pension Plan Investment Board, Canada's biggest public pension fund, warned lawmakers not to interfere in its investment policies saying it should operate "at an arm's length" from …

    The head of the Canada Pension Plan Investment Board, Canada's biggest public pension fund, warned lawmakers not to interfere in its investment policies saying it should operate "at an arm's length" from the government. Canada's Liberal government is looking for ways to attract private investors such as pension funds to …

  • Canada Revenue Agency announces maximum pensionable earnings for 2017 Marketwired

    Canada Revenue Agency The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan for 2017 will be $55,300, up from $54,900 in 2016. The new ceiling was …

    Canada Revenue Agency The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan for 2017 will be $55,300, up from $54,900 in 2016. The new ceiling was ...

  • Get a life! Canadian retirees need to relax and enjoy their golden years GoldenGirlFinance.com

    Survey reveals retirees may be too financially cautious and missing out on life

    Get a life! Canadian retirees need to relax and enjoy their golden years

    Survey reveals retirees may be too financially cautious and missing out on life

  • The retirement balancing act: small changes help savings last for life CNW Group

    TORONTO, Oct. 27, 2016 /CNW/ - Postponing the start of your Canada Pension Plan (CPP) until age 70 could improve your chances of having a financially successful retirement. This is according to Fred Vettese, …

    TORONTO, Oct. 27, 2016 /CNW/ - Postponing the start of your Canada Pension Plan (CPP) until age 70 could improve your chances of having a financially successful retirement. This is according to Fred Vettese, Chief Actuary at Morneau Shepell (TSX:MSI.TO - News), the largest company in Canada offering human resources consulting …

  • Four common RESP mistakes Morningstar

    In the early years, avoid being overly conservative.

    In the early years, avoid being overly conservative.

  • Social Security recipients to get tiny increase in benefits The Canadian Press

    Millions of Social Security recipients and federal retirees will get a 0.3 per cent increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for historically …

    Social Security recipients to get tiny increase in benefits

    Millions of Social Security recipients and federal retirees will get a 0.3 per cent increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for historically low raises. The federal government announced the cost-of-living adjustment, or COLA, Tuesday. By law, the COLA is …