What can you tell me about retirement in Ontario (or all of Canada if it's standard)?
494287
There is no law or regulation imposed by governments that require workers to retire at 65. Rather, in provinces where mandatory retirement is still a reality, there is no law preventing an organization from forcing someone to retire at 65. (Ontario is, however, planning to legislate against mandatory retirement. For a look across provincial jurisdictions, visit www.hrreporter.com, select "Advanced Search," and enter article #3461.) \n\nYour pension is based on a number of individual variables.\n\nGo to www.gov.on.ca for more information and phone numbers you can call.
899486
Just have a look at the sites\nhttp://www.diligence-due.com\nhttp://www.401k-retirement.org\nhttp://www.retirement-401k.com
217174
it depends on how you want to live and where you want to live.  Supposedly, i could live like royalty if I were in Mexico because it is much less expensive there to live and I've been working and saving for 20 years.  I couldn't do that here without penalties to my retirement accounts.  You are supposed to work til you are 65.  Unless you win the lotto.  Better start playing!
138602
The best place to retire in my opinion is a country in Europe because the Euro is ruling the world and they have one of the most beautiful places in the world.  So go to Europe and live an exquisite life, but have some cash in reserve.  And if you are asking, I'm Central American, form El Salvador.
1176821
I think...your question...is kinda confusing.  There is the Tradional IRA, Roth IRA and 401(k).  I am not sure there is anything such as Tradional 401(K).\n\nif you're talking about 401(k) - you can move your 401(k) from previous employer to your current employer's 401(k) , OR if you want more options, besides 10 or so mutual funds your current employer offers ( or similar number of funds offered by your previous employer ), you will be better off, rolling your 401(k), into a ROLLOVER IRA. Of course, everytime you trade you're going to pay commissions, which may not be the case in 401(K)\n\nif you're talking about Traditional IRA to ROTH IRA : if you meet certain IRS criteria ( such as be Single, or file jointly if you're married and above all have a Adjusted Gross Income of less than 100K. )  If you think you're going to be in the same Tax Bracket as you are today or above that, when you're 50s ( i think 57 or something like that ),  you will be better off, paying taxes on your earnings in your traditional IRA, TODAY,  at your current lower federal income tax  bracket, so you don't have to pay ANYTHING in your ROTH IRA - even if grows to be Billions of $$$$.  As usual, there are the inherent benefits of ROTH IRA - you will not be required to withdraw monies from it ( with Traditional IRA you will be forced to take out money in 50s and pay taxes on it - if you don't you pay penalty ). You can pass on the ROTH IRA to your kids, etc.\n\nAs usual, consult a financial advisor, as each case varies.  \n\nOne more thing....If your considering converting traditional IRA to ROTH, be prepared to shell out taxes on your earnings/income - from out of your own pocket - DON'T CONSIDER PAYING IT OFF WITH YOUR EARNINGS/INCOMES FROM TRADITIONAL IRA - YOU WILL PAY EARLY WITHDRAWL PENALTY AT 10%
1028241
try this web site : http://www.sdc.gc.ca/en/isp/pub/oas/gismain.shtml\nApplying for the Guaranteed Income Supplement\n2. How do I get the Guaranteed Income Supplement?\n\nYou must apply for the Guaranteed Income Supplement (GIS). Contact us for an application form at 1 800 277-9914.\n\nYou can also re-apply for GIS by filing your income tax return. The Seniors 55 and up  section of the CRA site contains information on filing your tax return.\n\nIf you did not qualify for the GIS benefit in the past, but you think you might be eligible now, you should apply as soon as possible.\n\nNormally, individuals must apply for the GIS benefit on their own behalf. If you are applying for someone else, please contact us for more information.
95129
i have no idea. this should be planned considering the projected costs and the level of standard you want to retire, perhaps a million
362002
You need to choose a custodian for your IRA, and request the employer to have the lump sum transferred to that custodian.  This will take some planning, filling out forms, etc. Check with HR, and of course with other recent retirees.\n\nIf you plan to retire 2 years or so in the future, just file the info away for future reference.  But a layoff could hit sooner, so it's good to be prepared!
862006
Final salary schemes are hard to come by and it is normally best to keep them as you know exactly what your benefits will be at retirement.  You need to talk to a good independent financial adviser who will research your pension and advise whether it is best to leave it where it is or transfer.  If you switch it to a Personal Pension you then lose the knowledge of what you can expect from that pension at retirement as Personal Pensions are invested on the stock market and dependent on who well the funds are doing.  You can start up a new Personal Pension PLan and start contrbuting thereby increasing your pension for when you are in retirement.  Good website is www.moneyfax.biz
892679
Each year the IRS sends me information, based upon my employment, on how much money I have saved for retirement...it would only seem likely that they can give you the information you are seeking.  Do not know if it would be free.
912918
62 is early retirement but I think now the big one is 66.\nUnless you go on disability.
27214
No matter what your full retirement age (also called "normal retirement age") is, you may start receiving benefits as early as age 62.  You can retire at any time between age 62 and full retirement age. However, if you start benefits early, your benefits are reduced a fraction of a percent for each month before your full retirement age.  Click on link to see chart.
743634
It's called a Personal Pension but the limits are stricter than the USA.  See an independent financial adviser and, if your situation warrants it, a Chartered or Certified Accountant.
440202
In the Toronto, Ontario area immigrants cacoon themselves in ghettos wherein they may operate in their foreign language, practice their culture and never become part of the Canadian mainstream.  And when they retire they take their money and "go home" to live well.  If they don't "go home" whilst they're alive, they do when they're dead.
678548
Contact the W.S.I.B. directly:\n\nWelcome to the Workplace Safety and Insurance Board of Ontario (WSIB).\n\nhttp://www.wsib.on.ca/wsib/wsibsite.nsf/public/Workers
766060
This might help you\n\nhttp://www.cic.gc.ca/english/skilled/index.html\n\nBe really careful about dealing with any private, i.e. non-governmetn agencies -- there's a lot of people who will try to sell you a dream, but all they are really interested in doing is taking away your money.
487198
Go on the social security website and you will get some of your answers.