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Spending your money!
May 23rd, 2011Shortly before I left for vacation, William Jack and I were meeting with a client for whom we had just prepared a financial model. Given the client’s goal of not wanting to leave a significant estate, our advice was,” you can afford to spend more”. Noting that the client enjoyed travelling, we suggested that he [...]
Read more »Canada Pension Plan Changes Start This Year
May 18th, 2011The CPP was designed in the early to mid 60’s. Fifty years later, Canadians are healthier, better educated and living longer. In particular, Canadians are working later in life and deferring retirement. As well, the retirement experience is changing from a single event, usually at 65, to a process that can extend over many years. The critical demographic development is the “age wave” of the boomers moving past their 65th birthdays. This wave starts to build in 2011 and will not crest until 20 years from now. It is important to address any imbalances and inequities in the design of the CPP sooner rather than later.
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