Each
year the BIG question seems to be: Will there be enough money to
live when retirement comes around?
According
to some personal finance commentators, lots of people are going
to find it a stretch, to make ends meet when they retire. So what's
the real answer! Is it, as some suggest, That you'll need between
60% to 80% of your current gross income per year in retirement?
How to figure it out comes next!
 The
first thing to look at is how much you're currently saving, and
what's its growth potential. Add to that, the projected future income
benefits from the government or/and your private pension plan. They'll
provide solid numbers towards your financial projections. To help
you gather all the information together, we offer you free
use of the Pension
Puzzle calculator. This online gizmo is a result of our
collaboration with Bruce Cohen, the primary author of the standard
setting publication of the same name. (Click
here to read the book review.)
Registering for our monthly
Money Management E-newsletter could win you a copy of the
book, so enter now while they last!
This 2004 RRSP special section draws all of our sites RRSP resources
together for you... RRSP calculators, current GIC rates and investment
fund data. We have updated and added new articles to an expanded
selection of retirement planning at the on-line library. The spectrum
of articles explain and provide background to RRSP savings from
different perspectives - From stepping over the marginal
tax rate barrier, through to converting
the RRSP into retirement income.
We
have two items for your use. The first is
a
workbook The
MANAGER Net Worth Calculator (read
introduction) also the on-line
net worth calculator, both extremely useful in providing
the keys to your future.
| Looking
for RRSP answers |
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| Special
RRSP Newsletter... In
this issue |
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Feature
article - With
the RRSP March 1st deadline on the horizon, a little foresight...
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How
many RRSPs do you own? Find it hard to keep track? need a better
way?.. Plus the current contribution limits |
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Reduce
taxes at source |
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RRSPs
may be more than just about retirement -In this article we provide
details about plans that do just that - the Home Buyers Plan
and the Lifelong Learning Plan. |
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Seasonal
RRSP advertisements will be emerging in the media very soon
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Who's
taking care of your RRSP-GIC investments? Your bank branch?
Probably not. |
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Plus
more - check
out this month's newsletter Feb-2004 |
| Quick
Tips |
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| Financial
Tools on Retirement Savings Plans |
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 Need
some assistance when it comes to retirement planning? Try out our
selection of calculators and worksheets for a better understanding
of your retirement saving situation.
| RRSP
POP Quiz - Discover how RRSP-literate you are with our quick,
10 question multiple choice quiz. |
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| Retirement
Planner - Aids you in better understanding what your monthly
retirement income needs will be. |
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| Retirement
Savings and Income Calculator - Can help you discover what
you may need to ensure the retirement you're planning for. |
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| Advantage
of early investing - Provides a surprising incentive to
start retirement savings early. |
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| RRSP
rate and return comparison - Illustrates differences in
rates of return. See rates you define or compare institutions
in our rate tables. |
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Quick-Nav:
RRSPs
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Quick
Nav, our section-specific navigation system provides RRSP
info at your fingertips. Connects you to our RRSP content, including
newsletters, our Special Retirement Glossary, Questions & Answers,
tips, strategies and more.
| Take
a look at Labour Sponsored Funds |
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| RRSP
Interest Rates |
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RRSP
GIC 1 to 5 year terms |
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Special Report - RRSP Information & Interest Rate Surveys
We've compiled a selection
of retirement savings plans offered by various financial institutions
into a comparison table for your reading. The 2 available include:
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Index
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