The You First Blog

The new CPP rules explained

October 21, 2010
Uncategorized
Odette Morin

Here is a great article and a summary of the new versus old CPP rules: Current Rule – To apply for CPP retirement benefits you MUST stop working for a period of 2 months or your income must be below $934/month for those 2 months. That is the “Work Cessation Test”. New Rule – The… Read More

The average income of older Canadians (65+) is 91% of the average income of the general population, which is among the highest in the world according to data provided by the Organization for Economic Cooperation and Development (OECD). retired_IFIC.pdf

1. Retiring with too much debt 2. Not taking inflation into account 3. Depending too much on one source of income 4. Too much risk with investments 5. Not enough diversification When planning for 20 to 30 year retirement horizon, maybe ever more, It is essential to be conservative and plan for the worst case… Read More

Tuning in the good news

October 7, 2010
Uncategorized
Odette Morin

Today, many Canadians are pessimistic about global economies. These feelings may be driven by headlines about slow economic growth, depressed housing prices, high unemployment and deficit problems in the U.S. and Europe. This pessimism is amplified by the intense media coverage given to voices of gloom such as economic commentators Nouriel Roubini and David Rosenberg. … Read More