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Looking for guaranteed retirement income? Think about an annuity

Posted by on Nov 11, 2014 in Retirement, Sun Life | 0 comments

By Sheryl Smolkin November 11, 2014 As retirement nears, the focus changes from building your nest egg to converting it into income. But how can you avoid outliving your money? — This is a vital concern, particularly when you’re looking at 30 or more years of retired life. Drawing down the capital and investment return from a registered retirement income fund, generating income through bonds or guaranteed investment certificates (GICs) or even just gradually withdrawing money from your bank...

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Retired Syd left work behind at age 44

Posted by on Nov 10, 2014 in Interviews, Saskatchewan Pension Plan | 0 comments

6 November, 2014 By Sheryl Smolkin   Hi, today we continue our series of savewithspp.com interviews with personal finance bloggers. I’m very pleased to be talking to Sydney Lagier, known as Retired Syd to readers of her blog, Retirement: A Full-Time Job. Syd retired in 2008 at age 44, four years after her husband. Both of them are U.S. certified public accountants. She initially worked for four years in the tax division of a large accounting firm. Then she accepted a position as the comptroller in...

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Nov 3: Best from the blogosphere

Posted by on Nov 10, 2014 in Saskatchewan Pension Plan | 0 comments

3 November 2014   November is Financial Literacy Month (FLM) in Canada, and the Financial Consumer Agency of Canada is playing a role in raising awareness and mobilizing organizations across Canada to take part. Here are some blogs and other commentary on financial literacy. Financial literacy means having the knowledge, skills and confidence to make responsible financial decisions. The FCAC recently released its “National Strategy For Financial Literacy Phase 1: Strengthening Seniors’ Financial...

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BOOK REVIEW: EASE Manage overwhelm in times of “Crazy Busy”

Posted by on Oct 31, 2014 in HR Issues, Saskatchewan Pension Plan | 0 comments

  30 October, 2014 By Sheryl Smolkin   Most of the books reviewed this year on savewithspp.com have been about personal financial planning and retirement. However, it’s hard to hold down a job and save for retirement if you are always overwhelmed and crazy busy both at work and at home. Does that sound familiar? Then Eileen Chadnick’s new book “Ease” may help you find the balance you need to break the cycle. Chadnick is a leadership coach and principal of Big Cheese Coaching in Toronto...

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Oct 27: Best from the blogosphere

Posted by on Oct 31, 2014 in Investments, Saskatchewan Pension Plan | 0 comments

27 October, 2014 By Sheryl Smolkin   In the last several weeks there has been a stock market correction and although the market has bounced back to some extent, for some investors it has been a bumpy ride. Here’s what several personal finance columnists and bloggers had to say about recent market gyrations. The Globe and Mail’s Rob Carrick says Balanced is best: Never doubt long-term portfolio gains. No matter what the markets do in the short term, the long-term potential from investing is not...

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Living to 100: The four keys to longevity

Posted by on Oct 31, 2014 in Retirement, Saskatchewan Pension Plan | 0 comments

    23 Oct ober, 2014 By Sheryl Smolkin   “Living to 100: The four keys to longevity” is a fascinating report issued in July 2014 by the BMO Wealth Institute. According to the study, by 2061 it is estimated that there will be more than 78,000 centenarians living in Canada, up from about 6,000 reported in the 2011 census. If you are a baby boomer on a quest to improve your odds of living longer than previous generations, the research suggests their are four keys to unlock the door to...

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Oct 20: Best from the blogosphere

Posted by on Oct 31, 2014 in Consumer savings, Investments, Saskatchewan Pension Plan | 0 comments

20 October, 2014 By Sheryl Smolkin   What’s the buzz in the blogosphere this week? Here are some interesting articles that popped up in my inbox. If you did any house or office cleaning over the Thanksgiving weekend you will be very impressed with what Cait Flanders has accomplished. In Post-Declutter: How Does My Condo Look Now? she notes that she removed a total of 377 items from her home! Not only are her before and after pictures inspiring, I love the view of the mountains from her desk. With...

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When is group LTD insurance not enough?

Posted by on Oct 31, 2014 in Health, Sun Life | 0 comments

Brighter Life October 29, 2014 If you become disabled and cannot work, do you have enough long-term disability (LTD) insurance to replace your income? If you are 35 years old today, research shows there is a 50% chance you will become disabled and unable to work for three months or more by the time you’re 65. That’s why having adequate LTD insurance during your working years is as important as insuring your life or your home. Many employers offer LTD as part of their employee benefits package....

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Ten things you need to do when your spouse dies

Posted by on Oct 31, 2014 in Legal, Sun Life | 0 comments

  Brighter Life October 16, 2014 Whether it’s a sudden loss or the result of a long illness, the death of your spouse is emotionally devastating and you will need time to grieve. However, many important decisions with financial implications must be made sooner, rather than later. For example, the funeral must be arranged, bills must be paid and the estate must be settled. It’s usual for you to be your spouse’s executor, unless you are too frail or otherwise physically incapable of these tasks. This...

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Oct 13: Best from the blogosphere

Posted by on Oct 16, 2014 in Consumer savings, Money management, Saskatchewan Pension Plan | 0 comments

13 October, 2014 By Sheryl Smolkin   It was dark when I got up this morning and it won’t be long before it will also be dark before the end of the work day. So let’s shine a light on some interesting topics tackled by personal finance bloggers last week. For most of your working life you’ve saved for retirement. But as that date nears, your focus shifts to using your savings to pay for life after work. Take a look at my blog What happens to my pension when I retire? on Brighter Life to find out...

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