How retirees can overcome 'irrational' saving and enjoy their money. Plus, minimizing tax burdens through proactive estate planning
Content from The Globe’s weekly Retirement newsletter
Source: theglobeandmail.com
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How proactive estate planning can help minimize your loved ones' tax burdens
Estate planning requires assessing which financial products can help maximize what your loved ones receive and minimize tax burdens, including probate fees
Source: nsnews.com
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Strategies to build a better understanding for proactive estate planning
Estate planning requires assessing which financial products can help maximize what your loved ones receive and minimize tax burdens, including probate fees
Source: theglobeandmail.com
A third of Canadian employees retiring sooner than planned: survey
A third (33 per cent) of recently retired Canadians said they retired sooner than they planned and 30 per cent of pre-retirees intend to change their retirement date because of the coronavirus pandemic, according to a new survey by RBC Insurance. It found Canadians are still largely relying on traditional retirement savings tools, such as […]
Source: benefitscanada.com
Older Canadians Re-Evaluating Financial Habits Says RBC Study
Amid the economic impacts of COVID-19 Canadians between 55 and 75 are taking the time to adjust how they spend, save and invest. The study of over 1000 people found that 69% have not been significantly impacted by the pandemic and just over 20% have been pushed to reach into their savings. “We wanted to further explore how financial fluctuations may have affected those who are nearing retirement or have recently retired,” said Selene Soo, Director, Wealth Insurance, RBC Insurance. As a result, they have opted for a more open-handed lifestyle by helping family/friends in need, increasing c...
Source: country94.ca