Contents: Advisers for all, picking a financial planner, retirement date risk, snowbirds and taxes, ‘smart’ beta= dumb beta + smart marketing? mutual fund fees? foreign investor driven Miami condo construction, Roubini on housing bubbles: Canada is in, Canada’s real estate rebound? re-insurance industry fears for coastal cities, Feds put an ideological stake in the heart […]
Contents: investment advisers in Canada, long-term care insurance? Investment Policy Statements, U.S. home prices up but hottest markets slowing, Toronto condos: not about housing but profits and rents about to drop, needed/coming 401(k) changes: outcomes vs. contributions, OECD: coming austerity’s impact on pensioners, $1B spent on lawyers/”professionals” from Nortel estate, risk off the table as […]
Contents: Estate considerations, travel insurance for Canadians, delaying Social Security (and CPP/OAS), crooked advisers, financial planners/’advisers’, errors of the ultra-wealthy, Florida new foreclosures down but auctions up, expanded CPP inevitable? pension fee caps counter-productive, smart-beta risks opaque, Buttonwood conference video clips. Personal Finance and Investments In the Globe and Mail’s “Want the kids to […]
Contents: Sharpe/Ameriks/Cunnif on retirement finance, insured annuities-still questionable, calendar based investing is astrology, fee-only vs. fee-based and ‘broker-dealers’ vs. fiduciaries, long-term care insurance owners in for another premium increase? Canada’s house price increase slowing- or is it teetering? Canada’s house stats not all credible? Florida house sellers reducing asking prices, rising seas affect beachfront property […]
In a nutshell Expanded CPP is back on the table again with federal and provincial finance ministers all agreeing that it has merit. In the context of this newly emerged consensus around some form of CPP expansion, though not about its timing, it is useful to look at the pros/cons of an expanded CPP. Given […]
Contents: Buffett: buy and index fund, retirement investment tools, universal life still problematic, is CIPF over-rated? retirees advised to leverage? fund investor returns trail fund returns, U.S. housing up 12.8% YoY but Las Vegas/Miami still >40% below peak, Canada’s no-bubble housing bubble, house auctions don’t need agent, investors compete with families for housing, provincial finance […]
Contents: Prepped for next crash? GIC guarantees not all the same, regaining clients’ trust, condo ‘reversions’, Florida house affordability down , signs of a bleak retirement, misleading 401(k) numbers, boomers ripping off generation X/Y/Z, what matters to charitable givers, smart(?) beta, Nobel winners on equity bubbles: apparent disagreement might just be reinforcing that passive/indexed approach […]
Contents: Required retirement withdrawals, tax planning strategies, free Stanford finance classes, Canadian home prices flat MoM, extra savings required even with company pensions, UK pensions unfit due to annuities, annuities the worst option? will that be cash or pension? Ontario pension reform threat, Fama and Shiller Nobel democratizers, Fama: EMH/MPT good – hedge funds bad, […]
Contents: Insured annuities-not, feedback in DC plans, longevity challenges boomer decumulation plans, more policing needed for financial planners? Florida property & casualty company practices “post-claim underwriting”, PEI’s expanded CPP proposal good but how does it solve Canadian boomers’ retirement crisis? effect of US default would dwarf Lehman impact- but it’s just a sideshow to the […]
In a nutshell “Insured annuity” based un-indexed income is less compelling than a systematic withdrawal of the same size from a balanced portfolio. Monte Carlo simulations suggest that even with a higher 50% indexed draw from the balanced portfolio delivering 3.5% real return, the residual portfolio value is likely to exceed the life insurance payout […]
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