Personal Finance

Towards a Healthier Financial Future

Topic: "Retirement Planning"

← Curating the web to find the most interesting and helpful information about your money.

Word of the week

Annuity

An annuity is a type of insurance contract in which the insured (you) and the insurer (insurance firm) agree that the insurer will pay you either on a regular basis or one-time disbursements to you as a payout for your contributions. Usually, people utilize an annuity as a retirement income source.

Use our free retirement calculator to see how an annuity make get you closer to your goals →

Infographic of the week

Charted: Retirement Age by Country

The retirement landscape can look completely different depending on what country you’re in. And charting the retirement age by country reveals a lot of differences in the the makeup of a labor force, both for economic and cultural reasons.

Charted: Retirement Age by Country Exploring retirement age trends around the globe →

Saving

Rob Carrick's Stress Test with Shannon Lee Simmons, a Toronto-based certified financial planner whose core clients are millennials and Gen Z, about shifting views of retirement and how you can best prepare.

Saving Podcast: Retirement might look different for Gen Z and millennials. Here’s how to plan for it →

Serious stuff

Canadians' confidence in their ability to retire on time and debt free declined between 2016 and 2022, according to a new research report released by the Canadian Public Pension Leadership Council (CPPLC).

Research shows Canadians losing confidence in their plans for retirement →

Serious stuff

The Canada Pension Plan enhancement – Businesses, individuals, and self-employed: what it means for you

How does the CPP enhancement affect you →

Word of the week

Deposit Insurance

Deposit insurance protects your savings if your financial institution fails. The Canada Deposit Insurance Corporation (CDIC) automatically insures your eligible deposits. This applies to deposits held at CDIC member institutions in Canada.

Find out if your financial institution is a member of CDIC →

Word of the week

GIC (Guaranteed Investment Certificate)

"Guaranteed Investment Certificates (GICs) and term deposits are secured investments. This means that you get back the amount you invest at the end of your term. The key difference between a GIC and a term deposit is the length of the term. Term deposits generally have shorter terms than GICs."

Learn about the key details before buying a GIC →