Canadians’ Disturbing Plans for Retirement
CBC News recently conducted a survey of Canadian retirement plans.
The results are certainly interesting, and in some aspects, deeply disturbing for the future of many baby boomers. 89% of respondents said they would be relying on CPP, and of those, 51% said they would rely “heavily” on CPP. Since CPP tops out at $1,000 per month there obviously needs to be some other source of income to even reach the poverty line. 59% of people said they would likely take a part-time job to support retirement. 49% said they would sell their home or other real estate. 40% said they were counting on an inheritance. The most frightening insight, however, is that 34% of respondents claim to be counting on a lottery win to make their retirement plan work.
More Like This...
See another CRM2 blog post that may be of interest to you.
CRM2: The Nexus Approach to our CRM2 Reports
Topic:
CRM2
Excerpt:
With changing securities regulations coming into effect, investment firms are now required to provide individual investors with specific additional in
More Like This...
See another Foundations & Endowments blog post that may be of interest to you.
Donor Advised Funds: An Overview
Topic:
Foundations & Endowments
Excerpt:
As we approach the end of the calendar year, taxes and charitable giving inevitably surface as ”things to do” in peoples’ minds. Here, we’d like to
More Like This...
See another Human Interest blog post that may be of interest to you.
The Case for Openness – An Open and Shut Case?
Topic:
Human Interest
Excerpt:
From time immemorial, mankind has been open. Open to new ideas, open to trade, and open to migration – the three critical ingredients for progress.
More Like This...
See another Inside Nexus blog post that may be of interest to you.
Walking Through Time: The History of Nexus
Topic:
Inside Nexus
Excerpt:
Bob Topp’s death last month triggered my memory “replay” button, likely as it did for many of us, whether as a long-time Nexus client, employee, or
More Like This...
See another Investments blog post that may be of interest to you.
The Imperfect Art of ESG
Topic:
Investments
Excerpt:
In addition to the devastation, the senseless war in Ukraine has revealed some awkward facts about the composition of some Environmental, Social and
More Like This...
See another Pearls of Wisdom blog post that may be of interest to you.
“Work, Work, Work, Work, Work, Work”
Topic:
Pearls of Wisdom
Excerpt:
This has been a busy year. I’ve had lots happening on the home front (a wedding!) and lots going on at the office (too long to list!) Managing work
More Like This...
See another Tax Planning blog post that may be of interest to you.
Saving in my Professional Corporation – It’s a Great Idea!
Topic:
Tax Planning
Excerpt:
The ability for professionals in Canada to incorporate their practice has existed for some time. Doctors, dentists, lawyers, accountants, and other
More Like This...
See another Wealth Planning blog post that may be of interest to you.
Living to 100… Is 100 the New 80?
Topic:
Wealth Planning
Excerpt:
It’s a common saying that there are two certainties in life, death and taxes. While we have a pretty good idea when we get taxed, which feels like all
On a Side Note…
See another CRM2 Nexus Notes Quarterly article that may be of interest to you.
No posts found.
On a Side Note…
See another Foundations & Endowments Nexus Notes Quarterly article that may be of interest to you.
Donor Advised Funds: An Overview
Topic:
Foundations & Endowments
Excerpt:
As we approach the end of the calendar year, taxes and charitable giving inevitably surface as ”things to do” in peoples’ minds. Here, we’d like to
On a Side Note…
See another Human Interest Nexus Notes Quarterly article that may be of interest to you.
The Case for Openness – An Open and Shut Case?
Topic:
Human Interest
Excerpt:
From time immemorial, mankind has been open. Open to new ideas, open to trade, and open to migration – the three critical ingredients for progress.
On a Side Note…
See another Inside Nexus Nexus Notes Quarterly article that may be of interest to you.
Walking Through Time: The History of Nexus
Topic:
Inside Nexus
Excerpt:
Bob Topp’s death last month triggered my memory “replay” button, likely as it did for many of us, whether as a long-time Nexus client, employee, or
On a Side Note…
See another Investments Nexus Notes Quarterly article that may be of interest to you.
A Balanced Approach – A Good Choice for Troubling Times and All Time
Topic:
Investments
Excerpt:
Mercifully, there have only been a handful of occasions in my adult life when I have repetitively awoken to the task of discovering what sorts of
On a Side Note…
See another Pearls of Wisdom Nexus Notes Quarterly article that may be of interest to you.
A Table for None, Please; Working From Home on the Rise
Topic:
Pearls of Wisdom
Excerpt:
Reading is one of the principal occupations in our profession. As we digest a wide range of material, interesting ideas and surprising facts – some
On a Side Note…
See another Tax Planning Nexus Notes Quarterly article that may be of interest to you.
Saving in my Professional Corporation – It’s a Great Idea!
Topic:
Tax Planning
Excerpt:
The ability for professionals in Canada to incorporate their practice has existed for some time. Doctors, dentists, lawyers, accountants, and other
On a Side Note…
See another Wealth Planning Nexus Notes Quarterly article that may be of interest to you.
Living to 100… Is 100 the New 80?
Topic:
Wealth Planning
Excerpt:
It’s a common saying that there are two certainties in life, death and taxes. While we have a pretty good idea when we get taxed, which feels like all
