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Is gold a safe asset to invest your retirement savings? A Certified Financial Planner offers some perspective. Gold prices have surged recently, rising 26% over the past year. Silver has also had a ...
Retirement brings a host of surprises to Canadians. A costly expense that planners often underestimate or give less importance is tax. Would-be retirees must realize that tax planning doesn’t end when ...
CALGARY — For Canadians who’ve made faithful contributions to an RRSP for most of their working lives, converting it to an RRIF may seem a terrifying milestone. Overnight, your nest egg that has ...
If rising inflation and interest rates have put a dent in your retirement savings, consider these investment strategies to get back on track. What should you do with your RRIF right now? With talk of ...
The closing of the Registered Retirement Savings Plan (RRSP) is mandatory on the user’s 71st birthday. You can request a lump sum payment by the end of the calendar year you turn age 71. If you prefer ...
Taxpayers, naturally, are fixated on trying to minimize tax in the current year. This is a classic scenario of someone not being able to see the forest for the trees. The forest is your ultimate final ...
FP Answers: Sorry to hear about the recent loss of your wife, Al. “Rolling over” registered assets from a deceased spouse to the survivor is a common strategy to defer taxable income and allow assets ...