What today’s savers can learn from today’s seniors about retirement planning

Future retirees can learn a lesson from their elders by looking to current retirees in Canada and around the world.Antonio Heredia/Bloomberg Future retirees can learn a lesson from their elders by looking to current retirees in Canada and around the world. Research from Schroders in their recent Global Investor Study solicited feedback from international retirees …

Woman aiming for $35,000 a year retirement income worries small savings not enough to reach goal

Situation: Woman, 60, with no company pension and low six-figure savings worries about future income Solution: Reducing spending alone will support retirement and more working years add security A divorced Ontario woman we’ll call Nancy, 60, is approaching retirement in five years with trepidation. Her company, a small business providing subsidized housing, does not offer …

When does a separated spouse have to pay rent to an ex?

When one spouse leaves the house, does the one left behind have to pay rent?Associated Press It is not unusual for one spouse to move out during a separation, leaving the other spouse in the home. The one staying in the home might even live there for several years until the property issues are settled. …

Generation X is ‘stretched beyond their financial limits’ and struggling to save for retirement

One in four Canadian GenXers have saved nothing for retirement, a survey found.Illustration by Chloe Cushman/National Post files Given that more than one in four millennials still live with their parents or spouse’s parents, it shouldn’t come as a great shock to learn that almost half haven’t saved a penny for retirement. But members of …

With low income and little savings, selling rental property this couple’s best bet on road to retirement

Situation: Low earned income, low investment returns and hefty disability payments keep couple afloat. Solution: Raise investment income, extend husband’s work part time to build savings, cut spending. In Alberta, a couple we’ll call Phil, 65, and Celeste, 56, are moving toward retirement, pushed by age and health issues. Phil, a financial services manager, wants …