https://padlet.com/sindhuja_kunalan/kmxdoypptcj5 By Sindhuja Kunalan en-us 2019-02-25 15:18:36 UTC 2024-11-08 23:24:15 UTC hello@padlet.com sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334900353 You will learn about retirement savings plans and how to manage the money after stop working. Also, you can learn how to investing in individual retirement savings plan through websites, videos and images.]]> 2019-02-25 15:28:46 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334900353 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334915544 This website tells about Canadian retirement pension, benefits, eligibility, how to apply and how much you could receive. People who work in Canada contribute to the Canada Pension Plan and they are eligible for CPP benefits. You can apply and receive a full CPP retirement pension at age 65. You must be 59 or older and you can apply 9 months before you retire. If you plan to take CPP at age 60, the payment has reduction. Canada Pension Plan contribution split between employee and their employers. I chose this website because it is a government website and it updated two months ago. ]]> 2019-02-25 15:52:28 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334915544 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334915873 This website describes when you receiving an old age security pension, what information you need to know. I think this is important because the people have to know current information about old age security and what are the benefits and eligibilities. Your age must be 65 or older and you have been lived in Canada for certain years (more than 10 years) to receive OAS. If you are out of Canada for six month, the pension will stop. This pension is taxable income. I chose this website because it has helpful and updated information about OAS and I found that how to access and protect the personal information while receiving an old age security.]]> 2019-02-25 15:52:57 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334915873 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334916206 This website explains how to prepare financially for retirement. I think this is important because this retirement checklist will help you for the successful retirement. First, we have to make a budget to saving funds for retirement.Then pay off your debt as soon as you can before you retire. Also, you can make investment plan for the future. This website gives you better understand about health insurance options, retirement income tax and best retirement investment that's why I chose this website.]]> 2019-02-25 15:53:25 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334916206 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334923036 This website reveals how to calculate your retirement income from various sources. The income calculator helps to estimate you retirement income for future and it gives better understand about your future goal income which you need after stop working. The calculator does not collect your personal information and it is easy to access any time to calculate your retirement income. I chose this website because it is useful and helpful website which helps to calculate estimate retirement income. The calculator helps you to plan and calculate your future financial security. Also, it gives you better understand about your financial contribution for your future.]]> 2019-02-25 16:03:12 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334923036 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334928879 This video describes which types of income the Canadian residents expect to receive after stop working and it will help you plan your future retirement. The people have so many goals in their life and they need money after retirement too. The people have to think how much retirement income they need to live comfortably and they have to start saving money for the future. I chose this video because it gives us overall picture of the retirement income stream in Canada. Also, this video explains Federal government benefits including CPP, OAS, and GIS ]]> 2019-02-25 16:11:16 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334928879 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334929540 This video explains how to save the money for retirement and it discusses  about four income stream including CPP, OAS, RRSP, and TFSA draw from in retirement. If we invest money on RRSP, it will reduce the tax bucket and we can get more tax return. Also, we can put the tax return money on TFSA to save money for after you retire. I chose this video because it gives better understand about RRSP and TFSA and how to invest the money. Also, the video tells how many percentage we have to contribute in retirement plan and how much amount we can get at age 65. if we increase the saving amount now, we can get more income after retire. ]]> 2019-02-25 16:12:12 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334929540 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334929674 This video explains about increasing the new tax rate for Canada pension plan in the future. The CPP tax changes have positive and negative effects on Canadians. The advantage is If you contribute more money in CPP, you can receive a great amount after you retire and the benefits will help sustain your living in  the future. The disadvantage is the income will decrease due to the increase of CPP premiums and it effects the people to invest money on the investment. I think this is important video because this video gives us better ideas about the new tax rate for CPP and how to effect the people and their income.]]> 2019-02-25 16:12:22 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334929674 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334929741 This video reveals about the differences between RRSP and TFSA and how they work. Both accounts known as registered accounts. Your income determines that the amount of tax you pay and the RRSP contribution limit. If you contribute RRSP by depositing money to your account, your taxable income reduces and you pay less taxes. Your saving grow tax-free as long as your money stay in the plan. Contributing money to TFSA does not lower your taxable income but when you take the benefits out, you do not need to pay taxes. In TFSA, you can save up to 5000 dollars a year and you can withdraw whenever you want. I think this video is important than other video because you can get better ideas about RRSP and TFSA contribution, so you can decide which one you contribute.]]> 2019-02-25 16:12:29 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334929741 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334930038 This picture depicts people who living in Canada happy with their retirement plan. I think the people have best benefits of retirement in Canada. If people start to saving money early for retirement, they can manage their finances in future and live happily.]]> 2019-02-25 16:12:52 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334930038 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334930156 This picture depicts that we have to start saving money from now because when you start saving in younger age, it makes more money for retirement. Also, the picture shows the types of savings for the retirement including RRSP, TFSA and it helps to make a realistic budget.]]> 2019-02-25 16:13:02 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/334930156 sindhuja_kunalan https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/337128915 2019-03-02 15:54:30 UTC https://padlet.com/sindhuja_kunalan/kmxdoypptcj5/wish/337128915