Which Retirement Income Option Is Right for You: Annuity, RRIF, or Reverse Mortgage? Short Answer: Most Canadians approaching retirement will meet three big income options: annuities, RRIFs, and reverse mortgages. An annuity trades your savings for a guaranteed cheque for life. A RRIF keeps you in the driver’s seat but comes with mandatory annual withdrawals … Read more
Retirement planning might feel overwhelming, but it doesn’t have to be. The key is to start early, make smart decisions, and take advantage of opportunities that can make your money work harder for you. Let’s explore some practical steps you can take to ensure a comfortable and secure retirement, focusing on how to minimize the … Read more
Many people will reach a magic moment in their life when they realize they can retire comfortably while for others it won’t be a moment but rather a gradual realization. So, what makes you sure you can retire? Is it a feeling, or will you need to crunch the numbers? For many the answer is … Read more
The End Game Getting to a secure and happy retirement never happens by accident. Retirement is the end game to a lifetime journey. I like to think of the road to retirement bliss as requiring navigation key milestones. These milestones are the building blocks to the final goal. So what are these lifetime milestones that … Read more
Imagine a simple world where we don’t have to worry about our future. We work our entire lives and the government simply sets a magical age for retirement. We get loads of pension money as our reward. While this is a novel idea, it doesn’t sit well with our leaders for many reasons. Costly Idea! … Read more
The easiest job any person can have is to be a critic. It takes no actual experience or training. You simply look for flaws in any plan and attack away. We love to criticise everything. Lately the brunt of our criticisms is centred on hot topics like inflation, government debt, and taxes. A Love-Hate Relationship … Read more
