In a world where home prices are soaring and the cost of living is rising, many parents want to help their adult children financially. But experts say parents need clear guidelines before they go to mom and dad’s bank to ensure their children don’t put their retirement at risk. “Without boundaries, parents can be put … Read more
In a world where home prices are soaring and the cost of living is rising, many parents want to help their adult children financially. But experts say parents need clear guidelines before they go to mom and dad’s bank to ensure their children don’t put their retirement at risk. “Without boundaries, parents can be put … Read more
Open this photo in gallery: Jean-Claude Ménard, Canada’s former chief accountant, pictured at his home in Gatineau, says he doesn’t want people to outlive their retirement savings, especially as longevity rates rise. talk.Photo by Ashley Fraser, Globe and MailAshley Fraser/Globe and Mail Sign up for the Globe Advisor weekly newsletter for professional financial advisors. sign … Read more
Open this photo in gallery: Julia Chan, co-founder and CEO of Spring Financial Planning Inc. in Vancouver;Jessica Venturi/Handout Sign up for the Globe Advisor weekly newsletter for professional financial advisors. sign up page. Get exclusive investment industry news and insights, this week’s top headlines, and what you and your clients need to know. Learn more … Read more
Many parents do not claim child benefit if they are not eligible for it. Missed credits are worth around £300 a year, or £6,000 after 20 years of retirement. Waiting to apply for lost credit? Let us know: pensionquestions@thisismoney.co.uk MPs questioned the three-year delay in filling holes in parents’ state pensions and called for details … Read more
Image source: Getty Images Retirement seems like a long way off for many of us these days. Each year, Statistics Canada publishes what Canadians think they need for retirement. And every year the number is getting higher and higher. I wouldn’t be surprised if by 2025, retirees think they need $2 million. That’s why we’re … Read more