Sentences with phrase «modest pension income»

He'll only have a modest pension income, but he's been a diligent saver and finished paying off his home years ago.

Not exact matches

There is of course a series of public programs, including the Old Age Security and the Guaranteed Income Supplement and of course the Canada Pension Plan itself that provide modest levels of income for all Canadians when they hit retiremenIncome Supplement and of course the Canada Pension Plan itself that provide modest levels of income for all Canadians when they hit retiremenincome for all Canadians when they hit retirement age.

A recent study for the Broadbent Institute by Richard Shillington showed that one half of all Canadians age 55 to 64 with no employer pension plan have only very modest retirement savings, a median nest egg of just $ 21,000 for those with incomes between $ 50,000 and $ 100,000.

For a couple both in such pensions, the survivor will continue to get their own full pension and usually 60 % of the spouse's, meaning a relatively modest 20 % drop in the family pension income.

Specifically, except for households of low to modest means, the retirees they tracked were spending less on average than the amount available to them from Social Security, pensions and income from retirement accounts.

Explore Other Sources of Income if Existing Sources are Insufficient: Once you determine how much income you can get by maxing Social Security, any pensions you might have and modest yearly withdrawals from savings and have compared that to your projected expenses, you can now start to work out how to fill in for any shortIncome if Existing Sources are Insufficient: Once you determine how much income you can get by maxing Social Security, any pensions you might have and modest yearly withdrawals from savings and have compared that to your projected expenses, you can now start to work out how to fill in for any shortincome you can get by maxing Social Security, any pensions you might have and modest yearly withdrawals from savings and have compared that to your projected expenses, you can now start to work out how to fill in for any shortfalls.

I worked hard, made payments into the pension system from every paycheck, and I deserve the modest income I earned.

Because I have a pension plan, and only earn a modest income, my RSP space is severely limited.

Pension splitting is based on the fact that Canada's graduated income tax system imposes far higher rates of tax on big earners than on modest or non-existent earners.

Whether they wish to augment these retirement income with a modest company pension, some part - time income from a side hustle or investments in the stock market, Canadians have discovered a lot of ways they can mix and match their retirement options to shape the kind of «retirement» they will ultimately be happy with.

«With a modest income from part - time work, early semi-retirees may not have to face the dramatic downshifting in spending and lifestyle that so often confronts those who live only on savings or pensions.»

the order was demonstrably wrong because it provided for a clean break leaving the husband with his income and pension and the wife with only modest pension provision.