Timothy Sumer

If you have a defined benefit pension plan, it may come with a bridge benefit which is an additional payment that you receive when you retire until you reach age 65. A lot of people start their CPP & OAS when their bridge benefit ends, and for most people, that is not going to be right planning strategy. 6 ways to level up your financial plan: Personal Finance for Canadians for Dummies: Free Credit Report with Borrowell: Open an EQ Bank Account: Financial Calculator I use: Financial Masterclass for Canadians: 20% off an online Will at www.willful.co use promo code: PWFG If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at or email Info@Parallelwealth.com ----------------------------------------- DISCLAIMER: The videos and opinions

Pensions are the dinosaurs of retirement income. Once prevalent, pension benefits have gone by the wayside; almost entirely replaced by employee-driven retirement plans, such as 401(k)s. Let’s take it from the top and talk about the rise of pensions, and then the fall. In this video, I'll discuss how the American pension came to be and the role of the PBGC. Read more on this: 7 Things To Do Before You Retire: Send me your questions directly at (contact box in top right corner) You Can Retire Sooner Than You Think Money Matters with Wes Moss podcast or on Apple Podcasts Twitter: Facebook: Check out my website for more financial tools and articles: Please note, this information is provided to you as a resource for informational purposes only and should not be viewed as investment advice or recommendations. Investing involves risk, including the possible loss of principal. There is no guarantee offered that investment return, yield, or performance will b

Learn more about our services: If you have a defined benefit plan, it'll be important to create a plan for a laddered income in retirement. You should spend more earlier in retirement than later, so despite a defined benefit plan, your TFSA and RRSP are still going to be important tools to for your retirements savings. If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at or email Info@Parallelwealth.com ----------------------------------------- DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek o