My uncensored opinion about RRSPs if you have a pension

In this new era of “fake news” it’s becoming more and more difficult to distinguish between what is true and what is false. Politicians use this to their advantage and often repeat false statements so often that we begin to believe they are true. You may have noticed this particular strategy used by a certain…

Bucketing strategy video

How to properly manage a retirement portfolio

  Are you tired of turning on the nightly news and worrying about how the day’s events are affecting your retirement portfolio? Are you worried about the day-to-day fluctuations of the stock market? This week we take a look at how to properly manage your retirement portfolio with the Bucketing Strategy so that you can…

Early Retirement Package

Important considerations to make before accepting an early retirement package

Companies will often offer employees early retirement packages to encourage them to retire. This is usually done when the company is looking to cut costs and reduce staff. Before making a decision, there are many questions to be addressed. All of which are specific to individual preferences and circumstances. Here are eight such considerations to…

Monthly Pension

5 Reasons you should keep your monthly pension

Over the last couple of months, we’ve taken a look at some of the reasons you should withdraw the commuted value from your defined benefit pension plan. (See: Five reasons you should take your pension as a lump sum payout and What happens when you withdraw your pension?)  The best strategy always depends on personal circumstances,…

What happens to pension

What happens when you withdraw your pension?

Today we’ll be going over what happens when choosing the lump sum payout option from your defined benefit pension plan. As you’re likely aware, a defined benefit pension plan will pay you a monthly income for life, so why choose the lump sum payout option instead? A few common reasons include: Pension sustainability: Will your…

5 Reasons Lump Sum Payout

Five reasons you should take your pension as a lump sum payout

If you’re a member in a defined benefit pension plan and are planning to leave your employer due to retirement or a change in career paths, you may be faced with the decision to either leave your benefit entitlement with your employer and take monthly installments or take your pension as a lump sum payout.…

Am I on Track to Retire

Am I on Track to Retire? – Video

    Am I on track to retire? This is a very common question I receive, so today I wanted to give you a simple way that you can get an answer to this question without pulling your hair out. Bob is 55 years old and approaching retirement. He plans on spending his winters in…

Retirement Timing

Timing your Retirement to Save Tax $$$

You’ve been targeting the unreduced pension date that you’ve seen on your yearly pension statement for the last twenty years. It’s finally within arm’s reach and you are set on retiring on that exact date. You’ve put in the time and you’re tired of hearing Carl’s nonsense about the Jets around the water cooler. As…

Pension or Lump Sum

Pension or Lump Sum? How to Decide

For those of you lucky enough to have a defined benefit pension plan, you may have to decide whether to take your pension as guaranteed income or as a lump sum upon retiring. There is no universal answer when deciding between these two options as it mostly depends on your personal circumstances. Just because a…