Tag Archives: Canada Pension Plan

Nov 4: Best from the blogosphere

By Sheryl Smolkin

blogospheregraphic

Within the last few weeks the push to expand the Canada Pension Plan has been gathering steam in Ontario and PEI. Here are some articles from the mainstream media that will bring you up to speed on the arguments pro and con.

Push to expand Canada Pension Plan gaining steam

Grow the CPP – A better way to save | Canadian Labour Congress

CPP expansion would be too late for poor retired Boomers: study …

Time to put Flaherty on the spot | Toronto Star

CFIB: Canada can’t afford CPP expansion | Financial Post

But I really like Tim Stobbs’ take on the argument that we can’t expand CPP because higher payroll taxes will kill jobs. On Canadian Dream: Free at 45, he says, “Raising a tax won’t kill jobs…it will likely shift some around, but not remove them from the total.  So don’t hide behind that as an excuse to avoid changing a program that will help the majority of people save for retirement.”

But even if CPP is expanded, it will take a generation or more for Canadians to realize the full benefits of an enhanced program. That’s why you need to save and invest on your own. Find out how to maximize your savings for retirement and other objectives in 5 Financial Principles from a 34 Year Old Millionaire Investor.

If you have a workplace pension and are wondering about whether or not you should also contribute to an RRSP, take a look at this archived blog from Gail Vaz-Oxlade.

And as the year comes to an end, many of us will be faced with the dreaded performance review. On Brighter Life, Gerald McGroarty offers 10 tips to help make your year-end appraisal an occasion for celebration, not frustration.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere. Share the information with us on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

October 28: Best from the blogosphere

By Sheryl Smolkin

blogospheregraphic

This week we have random posts from some of our favourite bloggers that consider how you can save for retirement, invest your savings and spend your money after retirement.

Robb Engen on Boomer & Echo thinks that many media money makeovers are unrealistic, and that we really need to prioritize our financial goals. He shares his portrait of the ideal saver.

When it comes to spending and saving money, for many of us monthly mortgage payments take the biggest chunk out of our earnings. From the archives of the Canadian Finance blog, Nelson Smith offers 6 ways to save thousands on your next mortgage.

Saving is not enough. You have to invest your money in a way that both minimizes risk and maximizes growth of your account. A Young and Thrift blogger explains how he finally overcame his inertia and invested the $100,000 cash he had in his accounts. Spoiler alert: He topped up his TFSA and RRSP and then invested in ETFs.

But the Canadian Capitalist says we can learn a thing or two on how to invest our own money from the manner in which the CPPIB invests our surplus Canada Pension Plan contributions.

And finally, however much you save and whatever your plans are, Kevin Press tells us how you choose to spend your retirement will be a compromise. That’s because recent Sun Life research revealed seven ways men and women disagree about retirement.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere. Share the information with us on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.