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How will you spend your life after work?

Posted by on Jul 9, 2015 in Quality of Life, Retirement, Tangerine | 0 comments

Thursday, July 9th, 2015  |  Sheryl Smolkin  |  Savings Articles You’ve saved all your life and maxed out your RRSPs (called RSPs at Tangerine) and TFSAs. It’s finally time to retire. But have you thought about how you’ll spend your time after you clean your desk and the retirement party is over? Sharon Basaraba, a Healthy Aging Expert and syndicated Longevity Columnist for CBC Radio says the old model of working until 65 to finance 10 years of retirement is out of date. “Now greater longevity...

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Should you consider voluntary benefits?

Posted by on Jul 7, 2015 in BrighterLife, Health, Sun Life | 0 comments

July 7, 2015 You’ve just been hired and are reviewing your group benefits package. The question is whether to sign up for additional life and health insurance. If the benefits package at your new job is like many in Canada, it includes these common types of coverage: life insurance, supplementary medical and dental, accidental death and dismemberment insurance and long-term disability. Typically, your employer pays for some of these up to a certain amount, and you pay the rest. But you may see some other,...

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How much will I need for health care costs when I retire?

Posted by on Jul 7, 2015 in Health, Retirement, Tangerine | 0 comments

Wednesday, June 24th, 2015  |  Sheryl Smolkin  |  Savings Articles If you’re planning for retirement, it’s a good idea to include retiree health costs in your budget. Provincial publicly funded health insurance plans cover Canadians of all ages for a range of medical care, like visits to the doctor and hospital stays. But there are many expenses such as dental care, prescription drugs, physiotherapists, eyeglasses and long-term care that are not fully or sometimes not even partially...

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7 Things to Know About Practicing Safe Sun

Posted by on Jul 7, 2015 in Health, Saskatchewan Pension Plan | 0 comments

2 July 2015 By Sheryl Smolkin After a long winter, when summer weather finally comes, all I want to do is close my eyes and bask in its warming rays. It doesn’t seem possible that this is a high risk activity, yet melanoma skin cancer caused by damaging ultraviolet (UV) radiation is one of the fastest rising of all cancers in Canada. But we all want retire healthy and live to a ripe old age. So the good news is that skin cancer is preventable if you practice “safe sun.” That means correctly applying...

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What the new RRIF withdrawal rules will mean for you

Posted by on Jul 7, 2015 in Retirement, Saskatchewan Pension Plan | 0 comments

25 June, 2015 By Sheryl Smolkin By now you may be aware that there are changes to the Registered Retirement Income Fund (RRIF) withdrawal rules in the 2015 federal budget. But you may be wondering what difference it will make to you. The basic purpose of the tax deferral provided on savings in registered pension plans (RPPs) and registered retirement savings plans (RRSPs) is to encourage and assist you to accumulate savings over your working career in order to meet your retirement income needs. Consistent...

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Jun 22: Best from the blogosphere

Posted by on Jul 7, 2015 in Consumer savings, Quality of Life, Saskatchewan Pension Plan | 0 comments

22 June 2015 By Sheryl Smolkin This week marks many milestones in the life of our family — Father’s Day, my husband’s retirement and my 65th birthday (really?). Also our granddaughter and her Moms will be in Toronto to celebrate her 3rd birthday. It seems like just yesterday we drove from the cottage in Muskoka to Ottawa to meet her for the very first time! We’re planning an informal backyard barbecue for close family and a few friends with a home-made ice cream cake. But the cost of children’s...

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Chet Brothers: Brothers and Company named to Financial Wealth Professional Magazine Canada’s 2014 Top 50 Advisers

Posted by on Jul 7, 2015 in Money management, Retirement, Saskatchewan Pension Plan | 0 comments

18 June, 2015  By Sheryl Smolkin Today I’m interviewing Saskatchewan financial planner Chet Brothers for savewithspp.com. He formed Brothers and Company Financial, an independent planning and wealth management firm in 1994 after spending a number of years at the wealth management subsidiary of a large Canadian financial Institution. He’s experienced in all aspects of personal finance and wealth management. Brothers has dedicated his professional career to educating the public and financial advisers...

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Jun 15: Best from the blogosphere

Posted by on Jul 7, 2015 in Consumer savings, Retirement, Saskatchewan Pension Plan | 0 comments

15 June, 2015 By Sheryl Smolkin This week we have a mixed bag of offerings from some of our favour bloggers and media pundits. First of all, Boomer & Echo’s Robb Engen discusses Why Multiple Income Streams Is A Better Emergency Fund For Millennials. Engen says that instead of having 3-6 months worth of expenses sitting in a savings account for an emergency fund, a better way for Millennials to combat the threat of job loss – or job uncertainty – is to build up multiple income streams outside of...

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The rise of semi-retirement

Posted by on Jul 7, 2015 in Retirement, Saskatchewan Pension Plan | 0 comments

11 June, 2015 By Sheryl Smolkin Call it semi-retirement, phased retirement, an encore career or a second act career. It all amounts to the same thing. And a new global survey from HSBC shows it is a growing international trend. The reality of retirement is evolving and semi-retirement – working fewer hours and/or changing jobs – is becoming more widespread. Traditionally, retirement meant a sudden switch from a busy full-time work routine to a more relaxed lifestyle. Many of today’s working age...

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Jun 8: Best from the blogosphere

Posted by on Jul 7, 2015 in Retirement, Saskatchewan Pension Plan | 0 comments

8 June 2015 By Sheryl Smolkin Over the last few weeks bloggers and mainstream media have been reacting to Finance Minister Joe Oliver’s surprise pre-election announcement of the government’s intention to add a voluntary component to the Canada Pension Plan. Here is sample of some of the buzz created by this proposal. I wrote Voluntary CPP contributions will favour high earners on RetirementRedux and the blog was re-posted by John Chevreau on the Financial Independence Hub. I believe that too many...

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