The flip side is, if you purchase an annuity and interest rates increase, then you will have gotten a bit unlucky, and in hindsight, it would have been better for you to wait. This is why Milevsky recommends spreading out your annuity purchases over a few years – so that your exposure ...
Fawcett said seniors living solely on benefits can manage – barely – if they own their own residence. “Seniors who have to pay rent would be in dire straits. One fellow I met said he got $1,700 a month from his pension, but his rent was $1,800 a month. He has to dip into h...
for clients or sell insurance products. Instead, an advice-only planner might review a client’s investment portfolio and make recommendations about their asset allocation, or they might review a client’s overall insurance coverage and recommend where to increase or decrease coverage. Some advisors ...
In his latest book (released in 2024) Vettese notes that Canadian seniors actually save a higher percentage of their income than younger Canadians do! He goes on to state: “If we fail to acknowledge the true spending patterns of older retirees, political correctness may have something to do...
27-jan (09:00)ODSP, Canada Pension Plan and Old Age Security benefit payments come out this week. Here's when to expect your money and how much you could receive(Niagara Falls Review) 27-jan (09:00)Victoria 12-year-old builds AI robot companion for lonely kids and seniors(CBC News: ...
Is OAS a Pension? What is the OAS Clawback for 2022? Are OAS payments taxable? What is the OAS Increase for those over 75? What is the GIS and is it related to OAS? Is my OAS payment safe? OAS Payment Dates In 2024 The OAS Payment dates for 2024 are: ...