Ultimately, it becomes necessary for everyone’s well-being to provide additional care at home or to consider a move to a retirement home. Yet many Canadians struggle with how to start these conversations and how to guide their parents through the transition from living independently at home to accessing support for retirement. Today’s retirement communities look […]
The goal of going through a planning process is to discover what is possible by playing out “what if” scenarios. Once you see a path that will lead you to the life you want, do the things you need to do to stay on that path. Again, things will change – some good, some bad […]
When my family and I moved to Canada seven years ago, we spent months driving around neighborhoods deciding where we wanted to build our lives. Every time I got excited about a quiet street, a peaceful cluster of homes, or a beautifully maintained community, my wife would gently remind me that I admired retirement communities. […]
Image source: shutterstock.com Even as inflation headlines calm down, daily bills that matter to retirees could continue to rise. The tricky thing is that these increases don’t always result in one big jump; they show up as small costs for housing, utilities, health care, and basic groceries. If you feel like your budget has gotten […]
Through BLACK ENTERPRISE editors January 25, 2026 Healthcare is one of the highest and most unpredictable costs retirees face. When Americans think about retirement, they tend to focus on housing, travel and daily living expenses. What is often overlooked is healthcare, one of the highest and most unpredictable costs that retirees face. According to Trouwthe […]
Or, as American retirement guru Wade Pfau recently put it: “A retirement income plan should be based on planning to live, rather than planning to die.” The Michael James blogging recently highlighted that quote. Retirement is usually about planning for an unexpectedly long life, often exacerbated by inflation. After all, a 65-year-old Canadian woman can […]
I originally planned to focus solely on that book, but eventually landed on a related project on my own site, asking more than a dozen financial advisors on both sides of the border what they think of the 4% rule and the adjustments Bengen describes in his follow-up book. The research was conducted through LinkedIn […]
When the time comes, RRSP or Registered Retirement Savings accounts will be converted to RRIF or Registered Retirement Income Fund accounts, a change that must be made by the end of the year you turn 71. Shifting your portfolio for RRIF withdrawals You can hold the same investments in a RRIF as you would in […]
Shutdown 2025’s only economic report was released to much fanfare, but don’t get used to it. When the Bureau of Labor Statistics (BLS) announced that the September Consumer Price Index (CPI), originally scheduled to be released on October 15, would be released on October 24, it also said that “no other releases will be delayed […]
The opinions of contributing entrepreneurs are their own. Key Takeaways Treat your business as a revenue engine, not a piggy bank Separate personal wealth from business wealth Build a marketable business, but don’t rely on sales Think about the long term, not just growth Most entrepreneurs dream of building a business, scaling it, and one […]