Is pension splitting worth it for a retired couple making about $70,000 annually?
Q. I am 71 years old and my spouse Ella is 70. Ella’s total pension income is about $21,000 a year from Canada Pension Plan (CPP), Old Age Security (OAS) and a small private pension, with a non-existent tax bill. My pension income is about $50,000 ($13,000 from CPP, $7,000 from OAS, and $30,000 from an employer pension). In addition, some years I earn up to $20,000 with freelance handyman work. Is pension splitting a good idea for my wife and...
2025-04-18T10:11:38Z
Frugal postgraduate reveals how she's paying off $166k of debt in 5 years
Brooke Eichenbaum, 29, is living frugally to pay off $166k in debt, including $137k in student loans and $29k in a car loan. Since graduating with a physical therapy degree, Brooke has cut costs by cooking 99% of her meals, avoiding new clothes, and opting for low-cost activities. She earns $5,500 a month, putting $2,000 toward her student loan and $500 toward her car. After three years, she has reduced her debt to $80k. Brooke’s tips for others: cook at home, avoid new clothes, plan free activities, and track spending. She hopes her story inspires others to take control of their finances.
2025-04-11T07:46:56Z
