Topics: Bengen stands by 4.5% rule with refinements, parents’ future, trust your advisor? home to fund retirement? US real estate sales/prices up, CPP investment story, Euro, euro-zone and impact on Canada, ‘perfect storm’ of corporate debt, retirement risk, Value-at-Risk Personal Finance and Investments In the Financial Advisor’s “How much is enough?” William Bengen, “the father […]
This book offers easy to understand investment advice, explains what’s important and what is not, and how/why things work the way they do based on modern portfolio theory. Well worth your reading time. While the book does a great job on the retirement asset accumulation part of one’s lifecycle unfortunately, it dismisses quite lightly the […]
Topics: Risk management, index limitations, yield dangers, retirement savings rate? working in retirement, Vancouver housing swoon, Ontario’s (Canada’s) ‘junk pensions’, restructuring a signal of pension troubles, CPP on-track and not too big? end of mutual funds? bullion problems, JPMorgan to drive Volker adoption? not just “too big to fail” but also “too big to manage”! […]
In a Nutshell Risk is unavoidable; it is part of life. There are known, unknown and unknowable risks. The best we can hope for is to undertake the pursuit of risk management, in order to minimize the impact to the best of our understanding and abilities. -the probability and financial impact of a risk determines […]
Topics: Long-term care insurance, retirement location factors, mutual fund fees destroy retirements, lack trust, Canada in real estate bubble? realtor rip-off, not-for-profit pensions, CPP vs. PRPP, “financial repression”, insurance company demutualization? Fama: efficient markets and passive vs. active investing. Personal Finance and Investments In Kiplinger’s “Navigate a course for long-term care” Kimberly Langford looks at […]
Topics: GMWBs, fee-only planners, work longer, junk & emerging market bonds, hybrid debt-no, retirement questions, prospect theory, scam warnings, housing bubble, no recovery for US house prices, sell and rent? Pensions: fiduciary duty & cooking the discount rates, Nortel pensioners screwed again? Inflation coming? US household formation down, hedge funds out-perform? Personal Finance and Investments […]
Adding a pure longevity insurance payout option to the CPP would go a long way to ease the pain of private sector employees with disappearing pensions. This blog adds some meat to the proposal I mentioned in last week’s PRPP or expanded CPP? Consider adding a pure longevity insurance payout option to the CPP. The PRPP doesn’t meet […]
There were a number of recent articles indicating that insurance companies are exiting the GMWB business. The latest in the past week were MSN Canada’s “Insurers back away from “income for life” products”, Benefit Canada’s “Say goodbye to GMWB as you knew it” and WSJ’s “Hartford says goodbye to annuities”. According to these articles (and references therein) Desjardin, Standard […]
Topics: Longevity risk, risk-free short-term rates, stock-picking robots, real estate: US and Canada down, Canada needs pension reform, longevity insurance option in CPP? Social Security stress, pension problems disappear if you make more convenient assumptions, multiemployer pension plans an invisible crisis, Nortel bankruptcy mediation started, active management dying, financial crises caused by greed/stupidity not criminal […]
The debate whether Canadians would be better of with the PRPP or an expanded CPP was recently reignited with the Ontario government (rightly) re-thinking the wisdom of the PRPP over an expanded CPP. This morning’s news that McKinsey has issued a report (which I have not read and I don’t know who commissioned it) suggests […]
RetirementAction.com 