News archive - April 2020

Tuesday, April 28, 2020

Pension Challenges Due to the Virus Crisis

Neal Stoughton, Professor of Finance

Among the many significant impacts of the recent crisis is the effect on individual pensions. Retirees are heavily dependent on other pension funds or savings as the average social security benefit is only $1500 per month. Pensions can come in many forms such as 401(k), IRA, Roth IRA, defined benefit, and defined contribution.

Wednesday, April 8, 2020

Making smart financial choices in times of crisis

Tracy Hilpert School of Accounting and Finance

Worrying about finances can impact your physical and mental well-being and create strain within relationships. In a summary of research communicated by the Financial Consumer Agency of Canada, 48% of Canadians say they’ve lost sleep because of financial worries.