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Home Financial Health Blog Archive for category "Gearing up for retirement" (Page 2)

Gearing up for retirement

You’re in your peak earning years. You have five, ten, or fifteen years to go. Make the most of them by taking advantage of effective tools to maximize your nest egg, slash debt and ensure the retirement income you need.

Invest in commercial real estate

The Canada Life Real Estate Fund is a segregated fund that invests directly in a diverse selection of income-producing Canadian real estate properties. The fund is made up of high-quality commercial and multi-family residential properties, diversified by type and located in Canada’s major cities. Link to the information page on the Canada Life Real EstateRead More…

 

The Role of Luck in Your Portfolio

By Ben Carlson, A Wealth of Common Sense  – June 1, 2015 In The Success Equation, Michael Mauboussin tells the story of a man in the 1970s who set out to find a lottery ticket ending with the number 48. He bought the ticket he was looking for and ended up winning the lottery usingRead More…

 

Estate Bond: Immediate estate value, tax-efficient investment

An estate bond is a tax-efficient strategy that gives you a large and immediate estate value.  More than that, it’s a wealth accelerator that allows you to pass on assets to your heirs or shareholders, tax-free.  And it can be used to provide tax-free retirement income. The benefits are many An estate bond gives estateRead More…

 

The Insured Annuity: Maximize your lifetime income and leave a legacy

If you want to get a guaranteed income for life at a rate of return that is significantly higher than GICs, and still leave an inheritance behind when you pass away, then the insured annuity is a strategy you should consider. First let me explain how an annuity works: When you establish an annuity, youRead More…

 

Five Reasons to Rethink Retirement Investment Planning

The retirement landscape has shifted in more ways than one. For starters, living longer is forcing us to change how we invest. Why it’s time to rethink life’s next stage You may have heard something about a retirement crisis. Now, your reaction may have been to look at your RRSP balance and think, “Yup, that’sRead More…

 

How do employee pension plans work?

Defined benefit, defined contribution, group registered retirement savings plan? Here’s what you need to know To be employed by an organization that provides one or more retirement savings plans to its people is one of the greatest financial advantages you can enjoy in Canada. These plans come in a variety of shapes and sizes, butRead More…

 

Top 10 challenges facing boomers

As Baby Boomers we are extremely fortunate. Relative to previous generations, we have been blessed with an endless selection of places to go, things to do, things to have and things to be. We can do things and go places that our parents could only dream of. At the same time, we have been givenRead More…

 

Start a family conversation about elder care

Starting a conversation about someone’s age is a sure way to be the least popular person in the room. But while this is a no-go territory for cocktail party chatter, it’s a conversation you need to have with your parents. Statistics Canada tells us that in 2007, people aged 45 to 64 paid for 75%Read More…

 

The Life Insurance Retirement Plan (LIRP)

The objective of a Life Insurance Retirement Plan (LIRP) is to provide investors supplemental retirement income via a life insurance policy featuring market appreciation, re-invested policy dividends, tax-deferred accumulation, and a life insurance death benefit.  Permanent participating whole life insurance is often used as a vehicle for a Life Insurance Retirement Plan. Designed to takeRead More…

 

Planning for your later years now

Long term care Long term care insurance is a solution focused on planning for the health risks associated with later retirement and the realities of aging. Fortunately, most of these changes aren’t dramatically different from one day to the next – it’s more of a gradual process. The level of health care and personal assistanceRead More…