FREE PENSION SEMINAR IN INGERSOLL! Tuesday, March 24th 1:00 PM – Click here for details
A copycat annuity cannot be quoted accurately from a monthly pension number written on a scrap of paper. The insurer needs to know exactly what
A pension administrator withholds $60,000 from your lump-sum payment, and you assume the tax has been fully paid. Then you file your return and discover
A pension statement can show a commuted value of $900,000 and a maximum transfer value of only $680,000. That does not mean $220,000 has disappeared.
A $1 million pension commuted value does not necessarily mean $1 million can move into a locked-in retirement account without tax. A portion may exceed
A younger spouse does not automatically prevent a couple from splitting pension income. This is one of the most misunderstood parts of Canada’s pension income-splitting
A retiree can lose part of their OAS even when their spouse reports far less income. That happens because the OAS recovery tax is calculated
The CRA allows eligible couples to split up to 50% of qualifying pension income. That does not mean 50% is always the best choice. A
An early retirement offer can arrive with a large payment, an attractive departure date and a deadline that makes the decision feel urgent. The most
As retirement approaches, pay and administrative details become just as important as pension and benefits decisions. The final weeks of employment often involve changes to
The final month before retirement is about closing loops, not opening new ones. By this point, your major decisions should already be made. The goal
Employee benefits often play a larger role in retirement planning than many people expect. Health, dental, and insurance coverage can change significantly once employment ends,
Reaching the final year before retirement is a major milestone. At this stage, the goal is not to make rushed decisions. The goal is to
For many Canadians, a workplace pension will be the foundation of retirement income. Yet pension decisions are often made quickly, sometimes without fully understanding the
Your annual pension statement can feel reassuring: a projected monthly income, years of service, account balances, and an estimated retirement date. But those numbers are
Before you retire, one of the most important conversations you will have is with Human Resources. HR helps coordinate your final pay, benefits, and retirement
Reaching the six-month mark before retirement is when planning turns into execution. At this stage, decisions begin to lock in, timelines matter more, and coordination
As retirement approaches, having the right documents in one place can make the entire process smoother. Whether you are speaking with HR, your pension plan
Retiring from Toyota involves more than choosing a retirement date. You will also need to decide what to do with your workplace pension, when to
Ford Oakville workers returning to work or preparing to retire may be facing an important decision about what to do with their company pension. For
Reaching age 65 is an important retirement milestone, but it can also come with an unexpected change in your monthly pension income. Some retirees are
Since 1995 Bruce has been teaching investors age 50+ how to preserve their assets and increase their income.
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