Interfor’s challenging year
BC forest company Interfor posts $41.7 million loss Interfor Corp. capped a challenging year by reporting larger losses in the fourth quarter on reduced revenues. The Vancouver-based forest products company says it lost $41.7 million for the period ended Dec. 31, compared with $13.5 million in net losses a year earlier. Excluding one-time items such […]
There is a limited one-time do-over when it comes to Social Security benefits. Here’s how to use it
It’s the gift that everybody wants: the ability to get a do-over when you make a mistake. In golf, it’s called a mulligan, or the chance to redo a stroke. With Social Security, it’s called a withdrawal of application. However, the circumstances under which you can exercise this option are limited. And you only get […]
Holding on to a job after age 50 isn’t always easy
You have 15 or fewer years until retirement, you have a sound retirement financial plan that is adequately funded, and you’re counting down the years. And then, out of the blue, you’re let go. Your retirement financial plan becomes suddenly irrelevant, since it had assumed several more years of peak earnings, along with commensurately larger […]
One-Third of Older Adults Admit They’ll Never Afford Retirement; Here’s What to Do if You’re One of Them
Today’s workers have their work cut out for them when it comes to preparing for retirement. Pensions are a thing of the past at most companies, and Social Security benefits are only intended to replace around 40% of your pre-retirement income. That means a significant chunk of your money in retirement will need to come […]
How to Retire at 40: Is It Really Possible?
The FIRE movement, short for “financial independence, retire early,” has many people dreaming of an early retirement. But while some people think “early retirement” means calling it a career at 55, some have far more ambitious retirement goals, aiming to retire as young as 40. But could you really have enough retirement savings to retire at 40? And […]