A tool for managing the financial future of people with disabilities, RDSPs can help you ensure your child has a solid financial future no matter what happens to you. That peace of mind is invaluable.

In the fable of the ant and the grasshopper, the ant works all summer storing up food so he can be comfortable in the winter. The grasshopper decides he’d rather have fun and spends the summer fiddling. But, when it comes to retirement investments, the truth is neither of those investment strategies is very good for most people.

While the paths to successful retirement may look different, the roads to ruin tend to look very similar. So, we’re going to cover six of the mistakes we see most often, so you can avoid them and stay on your path.

CPP calculations are complex, taking into account a lot of variables. While each plays its part in defining your benefits, one of the most important variables for you to consider is when to take your benefits.

Now that you’re retired, you have a fixed amount of money to use for the next 30 (or more) years. That bank account doesn’t ebb and flow anymore, it only drains. For the right couple, income splitting can help you save money without affecting your lifestyle.

For those with Defined Benefits (DB) pension plans, leaving the workforce early, even before your Canadian Pension Plan (CPP) or Old Age Security (OAS) kicks in, will often trigger a bridge benefit. As this can bring up new options for you in your retirement, it’s wise to understand this benefit before you decide to retire early.