Monthly Archives: March 2012
Emergency Policy/Legislation Changes to Ease Impact of Pension Crisis and Enable Pension Reform
Emergency Policy/Legislation Changes to Ease Impact of Pension Crisis and Enable Pension Reform
Doomed Nortel Pensioners? Outside-the-box Pension Options and Path to Pension Reform
Doomed Nortel Pensioners? Outside-the-box Pension Options and Path to Pension Reform (Originally posted July 15, 2009 and retargeted to new platform March 2012) In a nutshell The pension system failed Nortel pensioners; it is now time to let pensioners control their own destiny. We are where we are and we need to generate the best […]
Jonathan Clements- Main Street Money- 21 Simple truths that Help Real People Make Real Money
Jonathan Clements- Main Street Money- 21 Simple truths that Help Real People Make Real Money In a nutshell This is vintage Clements writing. It’s about principles and concepts, but has enough detail to move “do it yourselfers” to action. He covers the obvious, the not so obvious and the counterintuitive with equal clarity. Clements intends […]
Control what you can!
(Originally posted June 13, 2009)
Too little, too late- A 50% interim CV payment would be more appropriate than the proposed 69%!
Too little, too late- A 50% interim CV payment would be more appropriate than the proposed 69%! You may have missed the story not mentioned in the title of Bert Hill’s Ottawa Citizen article “Court names Toronto law firm to represent Nortel pensioners” unless you actually read the article itself, is Nortel’s request for permission […]
MacKenzie and Hawkins’s “New Rules of Retirement- What your financial advisor isn’t telling you”
MacKenzie and Hawkins’s “New Rules of Retirement- What your financial advisor isn’t telling you” Just finished reading this new book by MacKenzie and Hawkins; it is a quick read that covers a good breadth of retirement finance. The book consists of “38 Rules”. Rule 1 is to “Throw away old retirement myths” such as: retirement […]
Systemic Failure in Canada’s Private Pensions: Who could have prevented it? What could be done now?
Systemic Failure in Canada’s Private Pensions: Who could have prevented it? What could be done now? (Originally published April 17, 2009, and re-hosted on WordPress March 5, 2012) There has been much ink spilled already about the destruction of Nortel, Canada’s technology icon. As an almost 30 year employee of Bell-Northern Research/Nortel and now a pensioner, I […]
Florida: April 2009- Property values, property taxes, constitutional challenge, should I buy now?, “Ponzi state”?
Florida: April 2009- Property values, property taxes, constitutional challenge, should I buy now?, “Ponzi state”? 1. Case-Shiller January 2009 Index US property values continue to on their downward path. The January report shows Miami values fell 3.6%, 29.5% and 43.4% since previous month, over past 12 months and since the December 2006 peak, respectively. The […]
Pensions: Relief for companies, but not pensioners
Pensions: Relief for companies, but not pensioners Despite the fact that Canada’s financial institutions appear to be generally in better shape than American ones, some say due to more stringent regulation, even if that was true it sure doesn’t apply to protection of pensioners. Todd Wallack writes in the Boston Globe’s “Pension Plan Choices May […]
Pensions: General and Nortel Specific Topics
Pensions: General and Nortel Specific Topics 1. Pension outcomes in case of bankruptcy/restructuring/asset sales You may have heard of a well-known telecommunications equipment supplier, a global player which prospered for decades and then fell on hard times lost billions of dollars, laid off thousands of workers, had over $1B under-funded pension obligations, had Pavi Binning […]
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