News
Here's What Retirement Savings Often Look Like for Canadians at 55
1+ hour, 1+ min ago (406+ words) By Amy Legate-Wolfe at The Motley Fool Canada Turning 55 can make retirement feel close fast. At 35, investors can still say they have decades. At 45, they can still talk about catching up. But at 55, the countdown feels real. That doesn't mean…...
Can Fiona, 51, afford to take early retirement?
4+ hour, 59+ min ago (1524+ words) Sylvester, 55, earns $176, 000 a year working in tech and Fiona, 51, earns $150, 000 a year as a manager with the federal government. Justin Tang/The Globe and Mail Fiona is 51 years old and earns $150, 000 a year as a manager with the federal government....
What Does the Average Canadian's TFSA Look Like at 55?
6+ hour, 26+ min ago (521+ words) By Puja Tayal at The Motley Fool Canada A Tax Free Savings Account (TFSA) means different things to different Canadians. For someone in their 20s, a TFSA could mean a security deposit for an apartment; for a 35-year-old, it may be…...
What the Average Retiree Gets Wrong About Withdrawal Order in 2026
1+ day, 24+ min ago (345+ words) If you are like most investors, you have a bevy of investment accounts. A taxable account, a traditional tax-deferred account, and a Roth tax-advantaged account are all likely to be in the mix. There's a big risk if you don't withdraw…...
CRA: How to Use Your TFSA Contribution Limit in 2026
1+ day, 23+ min ago (503+ words) By Puja Tayal at The Motley Fool Canada The Canada Revenue Agency (CRA) has set the 2026 Tax-Free Savings Account (TFSA) contribution limit for 2026 at $7, 000. The annual TFSA contribution limit is the same for every Canadian who is 18 years and older....
How Inflation Is Expected to Affect Your 2027 Social Security COLA (and How to Make the Most of It)
1+ day, 14+ hour ago (268+ words) While COLAs don't tend to amount to much once taxes and Medicare Part B premiums are deducted, every extra dollar can be put to good use. One of the first (and best) things you can do with a benefit boost…...
Here's How Much Income You Can Have Before You Start Losing Your Social Security Benefits to Taxes
1+ week, 1+ day ago (501+ words) You could owe ordinary income taxes on up to 85% of your Social Security benefits. Eight states currently tax the Social Security benefits of some of their residents. You may be able to avoid Social Security benefit taxes by reducing your…...
A Canadian ETF I'd Seriously Consider Adding to My Portfolio in 2026
3+ day, 5+ hour ago (623+ words) By Joey Frenette at The Motley Fool Canada In this piece, we'll check in on a few Canadian ETFs that make sense to own if you're more of a set-and-forget kind of investor who'd rather automate things with a dollar-cost…...
To stay sharp, do we have to stay employed?
3+ day, 8+ hour ago (589+ words) Commuters walk outside Toronto's Union Station during rush hour on May 11. Sammy Kogan/The Globe and Mail Early retirement is a nice dream for many of us who are squirrelling our savings. But perhaps financial independence is just one obstacle…...
Will Social Security Run Out of Money? A CFP's Honest Answer
3+ day, 14+ hour ago (162+ words) The Globe and Mail Will Social Security Run Out of Money? A CFP's Honest Answer According to the latest estimates, Social Security is on track to run out of money in 2034, or even sooner. But in this video, Certified Financial…...