Newsletter
Better Finances for a Better You
← All Neontra Newsletter Issue #100 099 →
Estimated reading time: 5 minutes
Did you know?
The average retirement age in the U.S. is between 64 and 66 years, and Canada has a similar average of around 65.
The Average Retirement Age in 2024: US vs. Canada →Word of the week
Canada Pension Plan (CPP)
The Canada Pension Plan (CPP) retirement pension is a monthly, taxable benefit that replaces part of your income when you retire.
Canada Pension Plan - Retirement pension →Budgeting
Simplify Your Budget To 3 Categories So You Can Retire Early By Bernadette Joy
Simplify your budget into three main buckets: Strive, Revive, and Survive →Quote of the week
"As in all successful ventures, the foundation of a good retirement is planning."
- Earl Nightingale
Infographic of the week
So You Want To Be A Millionaire?
Let’s say you’ve decided that one million dollars is your retirement savings goal (not that you’d be opposed to more). Is that a reasonable goal? Is it obtainable for you at this stage in your life? See the image below for an estimate of what you should be saving monthly to retire with one million dollars, based on your savings timeline.
3 Keys to Becoming a Millionaire →Saving
8 Strategies to Save for Retirement By Robert Brokamp, CFP
Save 15% of income annually for retirement, considering longer lifespans and diminished pensions →Investing
Tips for Successful Retirement Investing By Jean Folger
When planning for retirement, one usually identifies financial goals and then decides on the best ways to save and invest to achieve them. A lot of retirement investing advice involves very specific formulas and strategies. Sometimes, though, it's helpful for your investment decision-making to take a step back and look at the big picture.
Start early and know your options →Serious stuff
How much do I need to save for retirement? It’s the million-dollar question – literally. We’ve all asked it or wondered it at some point. Will I have enough to retire? How do I know how much I need? Do I really need $1 million?
How Much Do You Need to Retire in Canada? By Steven Porrello →Fun stuff
"Neontracks..."
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