Browsing the "Retirement" Category →

The Psychology Of Lotteries

September 15, 2013 | 0 Comments

Lotto 6/49 hikes price to $3, adds new prizes “Lottery players will now have a chance to win a guaranteed $1-million prize on each and every draw. Jackpots will also start at $5 million and...

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Canadian_Retirement

The Great Snowbird Migration

August 29, 2013 | 0 Comments

Snowbirds may have to pay income tax in the USA “Claudio and Anne-Marie Riti are among the 700,000 Quebecers who visit the United States each winter and now have to tackle an intimidating U.S. tax...

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Some quotes from an article about the potential costs of the first year of retirement due to the issue of lifestyle change. First year of retirement: where does the money go? “Many people lowball the...

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Canadians failing to financially prepare for longer lives “For all the efforts we Canadians put into prolonging our lives, from healthy eating and exercise to pharmaceutical support, it seems we forgot to follow-up on one thing:...

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Canadian_Retirement

Majority of retired Canadians in debt: poll

July 18, 2013 | 0 Comments

Here’s a scary fact: Majority of retired Canadians in debt: poll “The reality, however, is that the majority of Canadian seniors are in debt and continue to have the highest bankruptcy rates in the country. “According...

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Canadian_Retirement

CPP changes could stunt RRSP savings

June 25, 2013 | 0 Comments

CPP changes could stunt RRSP savings: report “A new report from the Fraser Institute warns more forced CPP contributions will mean people putting less money into voluntary savings programs such as registered retirement savings plans (RRSPs).   The end result could...

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Overcoming Our Behavioural Biases For A Better Financial Future “As it turns out, many of our decisions are, in fact, irrational.” “The premise of behavioural economics, on the other hand, is that our decisions are...

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I constantly rant that anyone making less than $40,000 should not be buying RRSP’s but instead investing in the TFSA (Tax Free Savings Account).   The article Low-income seniors should be wary of the GIS...

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