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1 day ago | 
financialpost.com | Mary Teresa Bitti
A comprehensive retirement income plan and complete portfolio review by a portfolio manager with a Chartered Financial Analyst designation is the best investment Greg and Giselle can make, said Eliott Einarson, a retirement planner at Ottawa-based Exponent Investment Management. The right adviser will help them provide certainty about the future, and may net them tax savings.
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2 weeks ago | 
financialpost.com | Mary Teresa Bitti
“Her minimum annual RRIF payment will be about $17,000 per year (5.28 per cent times $320,000 current balance) so that amount added to her existing income will bring her close to the OAS clawback threshold of $93,000 without exceeding it.” While the Canadian dollar may slip further, Egan said there isn’t much she can do except hold U.S. dollars or euros.
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2 weeks ago | 
ca.finance.yahoo.com | Mary Teresa Bitti
Corinne’s focus on living within her means and paying down debt has placed her in a comfortable financial position and allowed her to be generous with her children, providing an early inheritance. (Credit: Bongkarn Thanyakij/Getty Images/Postmedia files) Alberta-based Corinne* has been happily retired for the last three years, but at 69, she wants to make sure her retirement savings will last and potentially fund a retirement home until her death.
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4 weeks ago | 
financialpost.com | Mary Teresa Bitti
Married couple Gerard* (56) and Penelope (54) want to leave the grind of corporate Canada sooner rather than later — but only if their investments are able to generate the $90,000 a year they believe will allow them to live the retirement they want. Is retiring in four years, or even better in two to three years, possible? Their vision for retirement is to make more time for their active lifestyle and travel. They anticipate a travel budget of about $15,000 to $18,000 a year once they stop working.
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1 month ago | 
nipawinjournal.com | Mary Teresa Bitti
Millennial and gen Z investors have tax-efficient options that range from RRSPs to TFSAs, depending on their portfolios • • Article contentRent, student loans, car payments — “There are so many competing priorities when you are starting to build your career, it may be hard to think about long-term saving and building wealth.
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1 month ago | 
financialpost.com | Mary Teresa Bitti
They each earn about $80,000 a year each before tax, and Rob will be eligible for two pensions from previous employers that should pay out a combined $2,000 a month if he retires at 60. Gloria, who immigrated to Canada in 2009 and started working here in 2010, wants to retrain to move into a new field (she declined to specify her field for privacy reasons). She anticipates if she does leave her current role and field, her annual income will likely drop by about $10,000.
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1 month ago | 
nipawinjournal.com | Mary Teresa Bitti
Advertisement 1Overcoming a knowledge gap is critical for women to start saving and investing early, leveraging their long time frame • Article contentThere is no shortage of challenges facing millennials and generation Z women when it comes to building wealth and taking control of their finances, said Dilys D’Cruz, senior vice-president of retail banking and wealth with Meridian Credit Union Ltd.
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1 month ago | 
financialpost.com | Mary Teresa Bitti
This is the overriding question Russel,* 56, and his wife Janice, 52, are trying to answer. After selling their health practice this year, the Alberta-based couple now has more than $8 million in their jointly owned professional corporation. This is in addition to about $1.2 million in registered retirement savings plans (RRSPs) and $1.1 million in individual pension plans (IPPs), invested 70 per cent in stocks and equity-based exchange-traded funds (ETFs) and 30 per cent in fixed income.
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2 months ago | 
financialpost.com | Mary Teresa Bitti
Up until then, her plan was to retire this year. She owns a home in Ontario valued at $600,000, a personal registered retirement savings plan (RRSP) worth $404,000 invested in conservative mutual funds, and she’s been contributing to her employer’s defined contribution pension plan and group RRSP, which combined are currently valued at $604,000. “I’ve focused on maximizing my RRSPs each year.
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2 months ago | 
msn.com | Mary Teresa Bitti
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