If you follow me on Instagram, you may have already heard the big news. After 8 years, I’m quitting my full-time job at the pension consulting firm. I gave my employer plenty of notice. I handed in my resignation 2 months ahead of time. June 1st will be my last day in the office. To […]

If you’re one of the two-thirds of Canadian workers without the luxury of a company pension plan, the Saskatchewan Pension Plan (SPP) can bridge the gap and help you save towards retirement. For most retirees, government benefits such as CPP, OAS and GIS simply won’t be enough to sustain their lifestyle in retirement. Although there […]

If you’re an active member in a defined benefit pension plan, such as the one offered by HOOPP (Healthcare of Ontario Pension Plan), pretty soon it will be that time of a year when you receive your annual pension statement of benefits. Your annual statement is like a snapshot of your pension benefits. It shows […]

To paraphrase the great playwright, William Shakespeare: to annuitize or not to annuitize, that is the question. For the two-thirds of us without workplace pension plans, annuities can provide some much-needed income stability in retirement. The problem is many retirees are hesitant to annuitize their savings because annuities have gotten a bad rap over the […]

Do you have a defined benefit pension plan at work? Consider yourself fortunate. Only one-third of employees have any pension plan (that includes defined benefit, defined contribution and group RRPSs). Today I’m going to explain how a defined benefit plan works, so what better way than to look at my company’s pension plan? I work […]