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Wealthy Boomer

Jonathan Chevreau's blog on the Financial Post.
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RRSP season should end with a bang, as disposable income rises

Feb 9, 2010
Lots of RRSP-related material from CIBC this week, which is as well, given the looming March 1st deadline.. As we noted yesterday, CIBC World Market's economist Benjamin Tal issued a report entitled "RRSP -- After the Storm," which suggested that the...

Income from investments distant third behind employer and government pensions, RBC retirement poll finds

Feb 8, 2010
Employer-sponsored pensions are expected to be the single largest source of retirement income for 29% of Canadians surveyed in the 20th annual RBC RRSP poll, released this morning. Close behind at 25% are government pensions, with income from...

2000-2009 may have been "lost decade" for investors but sequel unlikely, UBS says

Feb 5, 2010
The decade just completed, 2000-2009, was in many but not all respects a "lost decade" for investors. Baby boomers on the cusp of retirement are understandably nervous that the dismal stock-market returns of the first decade of the 21st century may be...

"I need $1 million to retire " and 5 other popular retirement theories that need a rethink

Feb 4, 2010
Six popular retirement theories are unlikely to fit all investors at all times, according to a report issued today by BMO Financial Group's director of retirement strategies, Dina Di Vito Here, reordered, is the list: 1.) "I've heard I need to save...

20% betting that CPP, lotteries or inheritance will make up for failure to save in RRSPs

Feb 4, 2010
You have to laugh at the finding of the TD Retirement Savings Poll, which today reported that 20% of Canadians are "counting on"  a lottery win, an inheritance or the CPP for a comfortable retirement, "instead of contributing to an RRSP." It's not...


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