Contents: Vanguard’s record inflow, index funds beat market with securities lending, some Canadian retirements built on house of cards? RRIF before 71? lessons of unexpected death, retirement pre list, Canada: house sales drop 17% -prices highest in the world-lower house prices would be better, Palm Beach County house prices up 35%-unlikely, mass customization of pensions […]
In a nutshell- In this 90 minute CFA Institute seminar, Nobel prize winning Professor Robert Merton tackles some of DC pension plans’ well known but unresolved deficiencies in a holistic approach to the mass/working class pension. He sets the stage by pointing out that, in the shift from DB to DC average workers were by default […]
Contents: Unfair share of the mutual fund industry, VWO shift to FTSE starts, humans tricked by their minds on compounding, HNWI heavier users of ETFs and ‘core-satellite’ strategies, new Canadian tax numbers, zombie: horror stories of uncompleted US foreclosures, new US mortgage rules, Blackstone buys houses to rent, pension start at 80? UK employers responsible […]
Contents: What’s enough? 2013 money moves, “but where are the customers’ yachts”? making estate planning a priority, online vs. brick-and-mortar advice? deferred interest cards, US house prices up YoY, Toronto condo inventory up but number of under-construction skyscrapers highest in NA, model-based home appraisals deficient, demographics driven housing prices, consider an “expanded-CPP Plus”, ‘bogof’ (buy […]
In a nutshell -An expanded-CPP, let’s call it expanded-CPP Plus, may in fact be a good framework for Canada’s pension reform. If one expands options beyond the dimensions (maximum pensionable earnings and percent benefits) currently under consideration, and one changes some of the other attributes of an expanded-CPP relative to the current CPP, profound changes to Canada’s […]
Contents: Inflation fighting in retirement, U.S. tax-net snares Canadian residents, Canadian house prices off 0.4% past month, Canadian house sales forecast revised downward, pension reform prospects: expanded-CPP up while PRPP down, Coyne: expanded-CPP with a twist, compulsion (and nudge) the only way to achieve higher wealth accumulation for retirement, Supreme Court of Canada rules against […]
Contents: Year-end tax planning, U.S. ETFs for Canadians, cash under the mattress, downsizing? RRSP vs. public service pension, QE damages pensions and investment while smoothing distorts reality of deficits, Stones induced Social security reform and intergenerational warfare? understanding retirement income risks, target-benefit plans, “laws of competition do not apply under asymmetric information” due to agents […]
Contents: Only “fee-for-service” in Australia and UK, factors for monitoring and dynamic adjustment of withdrawal rates: stage in retirement/asset allocation/longevity percentile/distribution period/failure probability, hedge funds place big bet on improving US housing, impact of rising condo fees, banks more receptive to short sales, flood-risk insurance, expanded-CPP, Ontario private pension shortfalls to be partly covered by […]
Contents: what ‘fundcos’ won’t tell you, fiduciary standard required, passive beats active-again, long-term care costs, when RRSP withdrawal is sensible, global diversification, downside of joint asset ownership, US housing up, shadow housing inventory well managed-so far, pooled assets for Ontario public sector, expanded-CPP trumps PRPP, demographics drive stock returns, end of bond bubble inevitable but […]
Contents: Rebuilding financial industry trust, mutual fund fees, 401(k) inadequacies, sell or hold before US capital gains tax increase? longevity insurance taking off in US, 15 year mortgage at 2.56%, Canadian house prices moderating, US house prices increasing, PRPP is DOA, Swedroe: passive investing winning despite Wall Street resistance and consumer ignorance, like Taj Mahal’s […]
RetirementAction.com 