Deferring government pensions is an option, but there are several other strategies your clients could use to manage longevity risk
From credit card debt to a mortgage, retirees struggle with expenses
There are many recommendations for this year's federal budget, but changes to registered plans are front and centre
Millennials expect an even greater difficulty than their older counterparts
These individuals are afraid of rising daily living expenses, not having enough money for necessities and increasing health-care costs
Social security plans outperformed pensions and individual retirement accounts
More than three-quarters of Xennials say they will either start contributing, or contributing more, toward their retirement savings in the next five years
Mounting financial pressures and increasing life expectancy are forcing baby boomers to work longer than previous generations
Increasing the age of eligibility for public retirement programs is one possible reform to better prepare for Canada’s aging population
Report recommends Ottawa raise the normal age of OAS eligibility