For certain clients, the strategy can preserve assets for heirs by converting taxable registered assets into a more predictable tax-free inheritance ...

The advocates for changes to RRIFs lament that seniors are forced to deplete their savings, requiring them to pay tax “prematurely.” The Canadian Association of Retired Persons, for example, says it’s ...

Benefits alone typically don’t replace enough income to maintain your standard of living in retirement ...

January is the perfect time to sanity-check your RRSP at 70, because the “typical” balance is closer to the median than the misleading average. The post Below Average? How a 70-Year-Old Can Change ...

Share your thoughts and join the conversation in the comments.

With the start of the 2026 registered retirement savings plan (RRSP) season, I’m reminded of a meeting a couple of years ago. I met with a client who was interested in learning more about a ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. She is the CEO of ...

If you’re in your 40s or 50s you may appreciate the debt versus savings dilemma. As you juggle the responsiblity of paying down a mortgage, while saving to accumulate a retirement nest egg, you may ...