Retirement Readiness

Caregiving: a helping hand for those who care
Perhaps you have not yet been called to caregiving, but you know that it is likely to happen sooner or later. Maybe you are already a caregiver to a loved one or to someone who suddenly needed your help. The person you are caring for may be a life partner, member of your family, special friend, neighbour or support group member. Whatever the circumstances, you should be prepared for the multiple responsibilities and complex demands on your time, energy and efforts. Help make your new role a little easier by reviewing basic information about many important financial planning aspects of caregiving...more
Designing the rest of your life
Raising children is both rewarding and costly. You probably invested a lot of your personal time as you helped your kids grow from dependence to independence. Now that day has come – they’re leaving your nest to begin new lives – and it’s time for you to focus on the rest of your life. Welcome to the empty nest years...more
Phased Retirement – Retiring on your schedule
The world of work has changed and you are leading that change. In ever-increasing numbers, members of the baby boom generation are rewriting the definition of retirement by exploring phased retirement, self-employment or meaningful volunteer work. But a smooth transition to retirement doesn’t just happen; there are key issues and challenges to face...more
The cost of retirement
You have probably heard the rule of thumb that you'll need 70 per cent to 80 per cent of your current household income to maintain your lifestyle in retirement. Forget the rule of thumb and take a good look at your personal retirement goals and current financial situation. What will it cost to retire?...more
Investing inside or outside your RRSP?
The lower capital gains inclusion rate of 50 per cent might have you wondering about the relative tax advantages of investing in equities within an RSP versus outside an RSP. Well, wonder no more—Investors Group's tax planning experts have carefully analyzed the tax implications of the inside/outside question for you...more
Lifestyle and home equity: It's an important decision
If you've reached your mid-fifties or beyond, you're probably in the enviable position of owning your principal residence debt-free...more
Taking the non-registered route to retirement security
With its combination of tax-sheltered savings and tax-deductible contributions, the Retirement Savings Plan (RSP) remains the foundation of retirement savings for most Canadians. But non-registered investments are playing an increasingly important role. Part of the reason is that you can contribute only so much to an RSP. And recent tax changes have made it more attractive to hold certain types of investments outside an RSP...more
RSP tips for the retired and semi-retired
Just because you're retired or about to retire, doesn't mean you can't still benefit for your Retirement Savings Plan (RSP). In fact, Myron Knodel, CA and Manager, Advanced Financial Planning Support at Investors Group recommends that retirees and pre-retirees make sure they haven't overlooked any possible RSP opportunities before they turn 71 and have to mature their plans...more
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