Case study: A middle-aged dentist with an ailing elderly mother and a brother struggling with drug addiction
Lawrence is a hardworking dentist with a thriving practice and a happy family life. When his widowed, 80-year-old mother Nancy had a stroke, Lawrence knew he had to step in and ensure she had a solid plan for the future. Nancy needed to move to a long-term care home and, if she recovered well enough, […]
Case study: An enterprising couple with a clear vision for retirement but clouded prospects for selling the business
After more than four decades spent building a family and technology business together, husband-and-wife entrepreneurs Sam and Natalie are ready to think about retiring. They have a clear idea of what they’d like to do in retirement – golf, travel, and volunteer with their favourite charities – but are unsure if they’ll have enough money […]
Retirement Income Options You Haven’t Considered
Retirement income planning is a complicated, personal process. Many baby boomers set to retire in the upcoming years may be concerned about what their retirement income will look like. Saving into your RRSP and through an employee retirement plan offers some assistance and peace of mind. For many, maintaining their lifestyle may be impossible through such […]
Challenges with the New Ontario Retirement Pension Plan
Three years after it was first announced, the Ontario Retirement Pension Plan (ORPP) is starting to take shape. Despite opposition from political opponents and many in the business community, Premier Kathleen Wynne is pushing ahead to meet her government’s timeline for full roll out of her controversial retirement plan on January 1st, 2017. With deductions […]
Tips for a Successful RRSP Season in 2016
Retirement planning, especially as you’re getting closer to it, may be stressful. This RRSP season, you may be finding yourself thinking about unknown expenses that may occur in the future, how to maintain your lifestyle during retirement, and trying to ensure everything is going to be alright. You have been contributing to your registered retirement savings […]