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What Canadians need to save for retirement

Thursday Feb 18th, 2021

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boomers on the move

  Everyone wants to live well in retirement. But how much money does it take? A recent survey found that Canadians think they need an average of $4,000 in after-tax monthly income and around $800,000 in total savings to feel good about their financial future. The real numbers depend on your lifestyle, goals, pension and more, but getting there takes a lot of planning – something that many of us need help with. Here are a few ideas to help you get started. Consider what... [read more]

How boomers are reinventing retirement living options

Wednesday Jun 10th, 2020

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As more of Canada’s population ages, seniors are finding new and creative ways to enjoy their golden years. Retirement living is being reimagined and new types of homes are being created to suit each family’s unique situation. Read on to learn about some of the most interesting trends in senior housing: Multi-generational homes. Many retirees are not ready to live in a retirement home or assisted care facility, but still need help around the house or want some extra... [read more]

Canadians want to retire at 63 – will you be ready?

Friday Jan 4th, 2019

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If you want to stop working with plenty of time left to enjoy retirement, you’re not alone. According to a recent survey, most of us who are “flexforce” workers – gig workers, job jumpers and postponed professionals – feel that the magical age to stop working is around 63. Whatever your dream retirement age is, it's important to remember that life can throw unexpected curves that steer you off course. That’s why it’s important to have a... [read more]

Affording the retirement you want

Friday Dec 28th, 2018

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Saving For Retirement

  Whether retiring is part of your five-year plan or something of a longer-term dream, it’s never too early or late to start thinking about how to pay for the lifestyle you want. In fact, the number one financial concern that Canadians have is saving for retirement. According to a recent survey by the Chartered Professional Accountants of Canada, 59 per cent of Canadians believe they are either not on track or don’t know if they are on track to retire. To steer yourself... [read more]

Keep more money in your pocket for retirement

Thursday Sep 27th, 2018

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If you’re retired, you know that every dollar counts. And whether you need the money for a long trip or for a rainy day, it’s important to stretch every dollar. Here are some ways to keep more cash in the bank during your golden years. DIY household chores. When you work nine to five, you have less time to mow the lawn and clean the house, and might have hired someone instead. But now you can squeeze in a mini workout and save money by doing these tasks yourself. For... [read more]

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