Business & Finance articles

Alberta couple with three homes needs to simplify their finances before retirement

Alberta couple with three homes needs to simplify their finances before retirement

Situation: Couple with solid net worth needs to reduce complexity for worry-free retirement Solution: Sell the cottage, fill RRSP space and trim some spending and they’ll be just fine In Alberta, a couple we’ll call Sam, 61, and Frances, 56, take home $8,600 per month. Sam runs a hardware store. Frances, who has a small

Why retirement planning needs to be a major political issue in 2019 and beyond

Jason Heath: In much the same way governments have encouraged people to save and contribute to their RRSPs using tax refunds, they may need to consider similar incentives to help Canadians focus on the long-term in their retirement planning, including deferring pensions.Illustration by Chloe Cushman/National Post files Retirement planning does not usually get much attention

‘A lifetime of careful planning’ means couple with medical issues still on track for solid retirement

This couple pays substantial management fees totalling 1.9 per cent, which is a lot for their level of assets.Illustration by Chloe Cushman/National Post files Situation: Husband on disability for decades and recently retired wife worry retirement income isn’t adequate Solution: Cut costs and lower investment management fees to build investment income A couple we’ll call

Everything you need to know about the enhanced CPP — from how much you’ll pay to how much you’ll get

For each year of pensionable earnings after 2024, maximum CPP payouts will be roughly 1.3 per cent more than under the previous rules.Postmedia While it comes too late for retiring Baby Boomers, the generations that follow will benefit nicely from the newly “enhanced” Canada Pension Plan (CPP). Higher premiums to fund it began this month.

What you need to know if you are considering getting a divorce in 2019

The financial consequences of a separation are far-reaching and long-lasting. Look before you leap.Postmedia News files A New Yorker cartoon famously pictures two young children admiring their Christmas tree. Presents are stacked so high, the tree is barely visible. The older child sagely says to her younger brother, “Cherish this moment, because clearly our parents