Topics: Banks=1: Customers= 0, group RRSPs: high cost and zero guidance, beating the index? arbitrary/insane US medical charges, ETFs OK, US home sales down and prices bottom, Florida home sales and prices up, reverse mortgages still NOT, CPP at 65 not 70, Nortel bankruptcy a pensioner disaster, pension fees high, bond buyers irrational? financial industry […]
In a nutshell: The combination CPPIB investment strategy changes from passive to active, potentially higher effective future taxes, less transparency in CPP asset valuation due to growing proportion of private (company and real estate) vs. public investments, uncertainty of actuarial forecasts and, should circumstances demand it, government’s ability to change CPP (target) benefits, drove my […]
Topics: Advisers vs. salesmen, funds vs. ETFs, income splitting, wills, snowbird travel health insurance, Canadian house prices peaked? OAS costs to soar, Social Security’s huge hole, GM decision a dry-run for Nortel pensioners, collective DC plans with guarantees? Hedge funds? Roubini’s “perfect storm”, Treasuries not recommended? Occupy Wall Street vs. Unintended Consequences, ”risk-free” assets an […]
Topics: Filial support laws, 401(k) costs? Canada home prices up but sales down, US home prices up, US pensions: discount rate relief and lower equity allocation, Libor manipulation financial industry’s “tobacco moment”? low trust in financial industry results in lower retirement savings? cities in the hook for invisible guarantees might head into bankruptcy, impact of human […]
Topics: Elder financial abuse, US reverse-mortgages may be better but are they good enough? are target-date funds safe? rent or buy not just a financial decision, tightening mortgage rules imminent in Canada? Nortel bond-holders $1.25 while pensioners $0.15? good ideas in OECD pension report, pension fees, post-war parallel of “financial repression” and being on the […]
In a request for political action “Immediate actions to improve your outcome in the Nortel Insolvency” the NRPC is calling on all retirees and former employees who have Canadian claims to contact Minister of Industry Paradis, their senior regional MP and their own local MP to request immediate legislative changes to “block the vulture bond funds from getting […]
Topics: Retirement spending declines voluntarily, disappearing inheritances? financial tuneup, retirement planning steps, fund boards ineffective, Otar: zone strategy enhanced with stress testing, lower annuities for affluent retirees, foreigners/Canadians buy up US houses, Toronto condo-craze cooling? UK GDP sustained by delayed retirements, OECD: raise retirement age, Swedish regulator adjusts for “financial repression”, rate increase a threat […]
Topics: Start spending, Roth 401(k) preferred, financial industry trends, growth in life insurance? FL hurricane insurance, CPP+DB are target benefit??? retirement age=80? age impact on CPP benefit, public pension plan watershed? panic is rational, sustainable spending, quantitative inadequacies, SROs? document protection, national well-being, betting or hedging? “winner effect”. Personal Finance and Investments “Quit saving and start spending” […]
Topics: Active vs. index investing, astrology vs. astronomy, “exchange traded” does not mean ”good for you”, should you care about Facebook valuation-NOT? retirement plan spoilers, bad habits, delayed Social Security, required Canadian investment regulatory changes, fiduciary duty, house prices: Canada up-US flat-Florida up, Florida housing affordable, staging homes for sale, aging pension plans, equity cult? […]
Despite the recent story about one of the Facebook founders giving up his US citizenship to move to Singapore for tax reasons, according to Robert Keats, in his latest book, he suggests that for Canadians in search of a tax haven (and warmer climate) US is the superior destination compared to traditional tax havens; and […]
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