Many Canadians regret retiring, try re-entering the workforce

CIBC poll says too many people approach retirement without a plan

Many Canadians regret retiring, try re-entering the workforceWhen is the right time to retire? As many Canadians get to the age where they’re contemplating their next steps in life, a new CIBC poll indicates 27 per cent of retired Canadians regret retiring and an almost equal number – 23 per cent – have tried re-entering the labour market. The poll, which was…

CPP takes bigger bite from Canadians

But much of the justification for expanding the pension plan is debatable or downright wrong

CPP takes bigger bite from CanadiansBy Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute Canadians likely noticed that their first paycheque of 2019 was slightly smaller than in 2018, even if they got a raise. The decline in after-tax income is because the first of several tax increases to finance an expanded Canada Pension Plan (CPP) took effect…

Saving for retirement remains a challenge for many Albertans

ATB says lingering economic uncertainty likely exacerbates the financial pinch felt by Albertans to reach their retirement goals

Saving for retirement remains a challenge for many AlbertansA new survey suggests that half of Albertans are worried they haven’t saved enough money for retirement and close to one-third say they will be over 70 years old before they can retire. Those are the results of the latest Investor Beat survey by ATB, which also found that only 28 per cent of Albertans…

CPP contribution hikes penalize workers, dampen the economy

When the government makes employment more expensive, the sure result is fewer jobs

CPP contribution hikes penalize workers, dampen the economyThe federal government began 2019 by taking a bigger bite out of workers’ paycheques: the combined employer and employee Canada Pension Plan payroll tax rose from 9.9 per cent of earnings to 10.2 per cent. It’s the first of five annual payroll tax hikes. By the time the CPP tax hike is fully phased in, a…

A lifestyle based on future wealth leads to debt and disappointment

Financial adviser Andrea Andersen of Edward Jones talks about how you can manage today's expenses and plan for your future

A lifestyle based on future wealth leads to debt and disappointmentAndrea Andersen is a financial adviser with Edward Jones. What are the financial implications Albertans may have to contend with when there’s a disconnection between salary and spending? Andersen: I would first say that this is not an isolated issue but one that we see across Canada. It’s not uncommon for people to feel financially…

There is no reason to stop living at 65

Retirement is a choice, so get out there and get involved

There is no reason to stop living at 65We see them everywhere. Retired members of our community, all over town, enthusiastically engaged in activities. Either they are enjoying a game of golf or shopping at the mall; working in their gardens or swimming at the pool; sometimes taking the bus to an activity centre for a game of cards with friends. These are the…

Do intentional communities make retirement sense?

Picturing a idyllic rural setting with exercise, freedom, stimulation – and support as needed. All crafted to cater to seniors

Do intentional communities make retirement sense?My Mom is still teaching me life lessons in her 90s. Chief of these recently has been the creation of an intentional community in which to retire. After a year spent essentially nursing my father through his final days in a fashionable, for-profit Vancouver rest home, he died and she decided to move into an…

An old white man awakes to his privilege – and its power for good

I’ve become much more prone to analyze daily social situations on the grounds of age, ethnicity and gender

An old white man awakes to his privilege – and its power for goodBeing older (I’m 67 and increasingly told this is old), white and male is being pointed out more and more these days. In less than glowing terms. While Donald Trump is arguably the global archetype of the boomer personae I’m describing, the phrase “old white man” is getting more deliberate usage in different parts of…

Retirees driving price gains in Canadian recreational property market

Survey says 78% of the national market has experienced price gains. But prices at Alberta's Sylvan Lake remain flat

Retirees driving price gains in Canadian recreational property marketThere’s been a surge in prices in Canada’s recreational property markets, according to a new report released on Thursday by real estate company RE/MAX. The report said a survey of the company’s brokers and agents found that 78 per cent of the Canadian market has seen the median price increase in 2018 from 2017. However,…

Why we shouldn’t worry about wealth inequality in Canada

Age and accumulated wealth account for much of the discrepancy. And that's just normal life-cycle economics

Why we shouldn’t worry about wealth inequality in CanadaMuch ado about nothing. The title of the Shakespearean comedy comes to mind when I think about the attention devoted to wealth inequality in recent years. The left's (and much of the major media's) preoccupation with economic inequality is fundamentally misplaced and has diverted attention away from the real problems we face. For example, take…