Tag 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 […]
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 […]
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. […]