At the age of 35, Cochrane Mayor Truper McBride has announced he’ll retire from politics after this fall’s election.
He’s led the town of 18,000 people for two terms, sat on council since 2001, and has pushed for his community to get buses and eventually trains to Calgary.
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Charlie Rocque knows a great real estate deal when he sees one—at one of the largest retirement communities in the nation, Century Village in Boca Raton, Fla.
“I bought an apartment that not long ago was valued at around $75,000 and I picked it up for $20,000,” Rocque said. “The value comes in surroundings, it comes with the club house, it comes with the peace of mind that I have some place I know that if I need to go there I can go there.”
EDMONTON – Canadian Western Bank bid farewell to longtime CEO Larry Pollock by reporting its 99th consecutive profitable quarter on Thursday.
Pollock takes obvious pride in heading a bank that has gone 25 years without losing a dime, so why not wait until the 100th straight money-making quarter to step down?
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There were some enlightening facts about debt in a study released this week that included the headline-making finding that half of Canadians over 50 believe they will exhaust their retirement savings within 10 years of leaving the workforce.
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Half of Canadians aged 50 and older believe they will run out of retirement savings within the first 10 years after leaving work, according to a new study.
As the March 1 RRSP deadline looms, the poll for the Investor Education Fund revealed that 19% of respondents have no idea how much they have saved for retirement. One quarter, (24%), do not know how much they will need to draw from their savings and investments every year after retirement.
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CALGARY — More Albertans than Canadians say they will invest in their retirement this year, according to a new poll released Monday by CIBC.
The poll said 65 per cent of Albertans say they will contribute to an RRSP, TFSA or both in 2013 compared with 60 per cent of Canadians.
Of these Albertans: 37 per cent said they will contribute to both; 18 per cent said they will contribute only to an RRSP; and nine per cent said they would contribute only to a TFSA.
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According to a study released today by BMO Financial Group, Albertans are the most likely in Canada to start their own business in retirement.
The survey showed that 53 per cent felt that way.
In Canada, it showed that 39 per cent say that it is likely they will start their own business after they reach retirement age (65 years old). But 81 per cent plan on working in some capacity during their retirement.
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Yes, you read that correctly. The Business Roundtable, the Washington lobbying powerhouse whose companies together employ 16 million workers, is suggesting raising the age at which people can get Medicare and full Social Security benefits to 70. (The change wouldn’t affect people who are 55 or older today.) The reasoning: Americans are living longer and the costs of Social Security and Medicare benefits are growing faster than the tax revenue that pays for them.
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CALGARY — The percentage of Albertans that say they are currently living the retirement they hoped for is less than the national average, according to a poll released Monday by CIBC.
The poll said 66 per cent of people in the province felt that way compared with the national average of 69 per cent.
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CALGARY – No matter how many talented young people flock to Canada’s oil patch, the tremendous wealth of experience being lost from the hordes of Baby Boomers set to retire in the coming years can never be fully replaced.
It is a minor issue within the larger problem of a growing labour crunch, though it is arguably a far greater cause for concern.
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