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What is the Concept and Meaning of Retirement?

June 24th, 2019

Retirement is one of the goals of every working person’s life. Go old and retire. We hear it so often. According to the dictionary, retirement is “to stop working at one’s occupation,” or “withdraw from one’s position or occupation or from active working life.” However, retirement cannot be achieved in today’s world without having the appropriate planning and funds in motion well before you reach retirement age. Moreover, many people… Read More»

How Much Do I Need to Save For Retirement in Canada?

June 24th, 2019

There’s no need to lose sleep over planning for retirement if you learn some financial concepts and plan for your financial independence accordingly. Presently, low interest rates have made it effortless to secure loans and other financial products, but those same low interest rates made growing savings and investments is challenging. Therefore, you need to know more than how much you need for retirement in Canada. You need to know… Read More»

What’s the Difference Between a Financial Planner & Financial Advisor?

June 24th, 2019

Though some people use the titles interchangeably, financial planners and financial advisors are two different entities that revolve around helping clients meet specific financial objectives. However, planners and advisors work differently. Necessary qualifications and education are also different. What Does a Financial Planner Do? Beyond the province of Quebec, anyone can call themselves a “financial planner.” In Canada, you do not need a designation to be called a financial planner,… Read More»

An RRSP strategy – The “gross-up”

July 16th, 2018

A short-term boost for a long-term gain What if you could increase your RRSP contribution with a loan that could be paid off before the first payment is due? The lenders that Transamerica partners with for RRSP loans – B2B Trust and AGF Trust – both have options to defer your first payment on an RRSP loan for up to 180 days. And the RRSP loan programs offered through Transamerica’s… Read More»

Retirement Planning Guide to Success

July 8th, 2018

Did you know that 1 in every 4 Canadians have no plan for retirement? Don’t become a statistic—start planning now to retire in Ottawa successfully. Planning is one way to beat anxiety about your future, and if you do it correctly, you will be comfortable for the remainder of your years. Presented below is a 5 tip retirement planning guide to success. Consider this your foundation to a successful retirement…. Read More»