Paying tribute to lives lost
Canadians to mark Remembrance Day this morning Canadians will gather at cenotaphs and monuments across the country this morning to remember and honour those who took up arms — and in some cases paid the ultimate price — to defend this country and its way of life. Thousands are expected to gather at the National […]
Nearly a million Canadian bank records sent to IRS
Number of government transfers of records of bank accounts held by Canadian residents to U.S. has been rising The number of banking records the Canadian government is sharing with U.S. tax authorities under a controversial information-sharing deal has increased sharply, CBC News has learned. The Canada Revenue Agency sent 900,000 financial records belonging to Canadian […]
3 Tricks to Actually Saving Money
Saving money is difficult, and if you’re having trouble socking cash away for the future, you’re not alone. Roughly a quarter of U.S. workers have less than $1,000 saved, according to a report from the Employee Benefit Research Institute, and nearly half have less than $25,000 in total savings. Saving for retirement is a particular […]
3 Retirement Numbers You Absolutely Need to Know
There’s a lot of information out there about the ideal way to save for retirement, and it can be overwhelming and downright stressful trying to absorb it all and make the best financial choices. In fact, roughly half of Americans report feeling anxious, insecure, or even scared about their finances, a survey from Northwestern Mutual […]
67% of Workers Say This Is the Reason They’re Not Saving for Retirement
Without retirement savings, you’ll risk struggling financially later in life. That’s because Social Security won’t provide enough income for you to live comfortably. If you’re an average earner, you can expect those benefits to replace about 40% of your pre-retirement income, but most seniors need more like 70% to 80% of their former earnings, and […]
The Monetary Benefit of Delaying Retirement
As clients get older, they often start to feel obligated to retire. They love working, but they are 65 or older and all their friends are doing it. The traditional concept of retirement is called a “cliff retirement” because it is so abrupt. One day you are working full time, and the next you are […]