Retirement

Workers prefer RRSPs, TFSAs over CPP Fallback Image Decorative pattern

Industry

Workers prefer RRSPs, TFSAs over CPP

Most working Canadians (60%) say they can't afford to save more for retirement.

By Staff |July 13, 2015

1 min read

New RRIF rules don’t go far enough: C.D. Howe Fallback Image Decorative pattern

Industry

New RRIF rules don’t go far enough: C.D. Howe

The 2015 federal budget’s reduction of the mandatory minimum withdrawals from RRIFs and similar tax-deferred accounts will reduce the risk that many Canadians will outlive their savings.

By Staff |July 2, 2015

2 min read

BMO to sell U.S. retirement services business Fallback Image Decorative pattern

Industry

BMO to sell U.S. retirement services business

BMO Financial Group will sell its U.S. retirement services business to One America.

By Staff |June 29, 2015

1 min read

How much do retirees spend? Fallback Image Decorative pattern

Industry

How much do retirees spend?

Retired Canadians spend, on average, $2,400 per month ($28,800 per year). Housing accounts for the single largest monthly expense (an average of $668), finds a BMO Financial Group study.

By Staff |June 25, 2015

2 min read