Many of us make New Year’s resolutions but few of us actually keep them! That’s okay … the more often we think about lifestyle improvements, the more likely we are to actually implement some. Here are three financial resolutions to consider.
Frederick Vettese is an actuary and partner at Morneau Shepell. He is the co-author of The Real Retirement and author of Retirement Income for Life. As an actuary, he has looked at the most common shockers that we prepare for in retirement.
Work-related expenses will disappear but other expenses in retirement generally fall into three buckets. Allocating some money to each is a step in the right direction toward a stable and predictable retirement.
Is it worth the money to delay your Canadian Pension Plan (CPP) payments until the last possible moment? Respected Canadian Actuary and Author, Frederick Vettese believes that long-term gains make the wait worthwhile.