10
votes
2answers
441 views

Will there be enough money in Social Security benefits to cover baby boomer retirement? [US]

This is in a similar vein to this question. Wondering if the American old age benefits program has also taken into account the larger retiring population. Does the plan have enough money to cover ...
4
votes
3answers
344 views

Will there be enough money in the Canada Pension Plan (CPP) to cover baby boomer retirement?

As the leading edge of the baby boomer generation edges into retirement age, is there enough funds in the Canada Pension Plan (CPP) to cover the needs of this populous generation? Do special measures ...
4
votes
3answers
1k views

Should I have an RRSP on top of a pension?

I am a teacher and automatically contribute into the Teacher's Pension Plan every paycheque. This pension plan is considered to be one of the best in the country. Do I need to have an RRSP as well? ...
8
votes
3answers
1k views

What's are the differences between “defined contribution” and “defined benefit” pension plans?

I've often heard of these two types of pension plans offered by companies: Defined contribution (DC) Defined benefit (DB) What are they and how do they differ? Is one better than the other?