The 4% Draw Down Theory (again)
The 4% draw down theory for withdrawing money from your RIF (your RRSP once you have changed it) has some interesting issues if you live too long.
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Retirement Savings
The 4% Draw Down Theory
The 4% draw down theory is that when you retire you withdraw at least 4% of your retirement savings each year (normally), but is that normal?
Jumping to Conclusions
Jumping to conclusions, especially financial conclusions can be quite hazardous to your savings, as well as your well being in general.
Pension or LIRA? A decision (redux)
Should you leave your money in your company’s pension ? Most plans offer a “cash out” capability so the question is pension or LIRA ?
Dad, will you ever retire?
In this reflective post, I revisit a personal and pressing question: Will you ever retire? While previous generations, like the Baby Boomers, viewed retirement as a given, today’s economic uncertainty challenges that assumption. With questions… Read More »Dad, will you ever retire?
