Category Archives: Group Retirement

Let’s Play “Would You Rather” – The Power of Compounding

Would you rather have $1 Million in cash? Or a penny that doubles every day for 30 days? The correct strategy might not be readily apparent. I tested my friends and family with this question and most of them chose to take the $1 Million. That’s not a bad choice. There are a lot of […]

Posted in Employee Benefits, Group Retirement, Wealth Management

Hidden Cause of Lost Profitability

One of the major causes of lost productivity among Canadian workers and lost profitability for Canadian businesses is employee financial stress. Over the past 30, we’ve seen significant declines in Defined Benefit Plans and personal savings by Canadians, in particular Ontarians, have been decreasing over the past 30 years as well. Canadians have been living with financial stress […]

Posted in Group Retirement

It’s Like Finding an RRSP Contribution Between the Cushions of Your Couch!

With real estate prices soaring, cost of child care on the rise as well as grocery bills, gas, clothing, all costing more than just 10 years ago, it is becoming increasingly difficult to save more. One thing that hasn’t changed is the necessity to save as much as we can so that we can live […]

Posted in Group Retirement
Defining Your Own Future-Chairs overlooking lake

Defining Your Own Future

Pension plans are an important part of retirement planning for employees. There are two types of plans: defined benefit and defined contribution. Defined benefit plans are being used increasingly less because they are built on a set payment formula which can be hard for a company to administer given lower interest rates and longer retirements. […]

Posted in Group Retirement