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Taylor Swift Invests in Discounted Closed End Funds. Should You? May 18th
Taylor Swift is often called one of the savviest businesspeople in the music industry. And, in another demonstration of her money smarts, it was recently revealed that the 33-year-old pop superstar invests in a niche, elite investor-approved type of mutual fund.
Last weekend, Boaz Weinstein.... More »
Find the best mortgage rates in Canada Feb 4th
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Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
Will Archbishop of Canterbury's residential school apology include any of Church of England's $13B in assets? - CBC.ca May 2nd
Will Archbishop of Canterbury's residential school apology include any of Church of England's $13B in assets? CBC.caResidential school survivor says weight "lifted" after Anglican church apology Global NewsArchbishop of Canterbury addresses reconciliation during service in Sask.... More »
The best student credit cards in Canada for 2023 Oct 12th
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The best student credit cards in Canada for 2023
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Oatly's blockbuster IPO shows healthy appetite for plant-based living is growing - CBC.ca May 23rd
Oatly's blockbuster IPO shows healthy appetite for plant-based living is growing CBC.caThe future may be vegan but I'll hold off on the oats The TimesView Full coverage on Google News.... More »
Two of the more promising measures in the recent federal budget could pave the way for deferred annuities and pooled-risk pension products designed to prevent retirees from outliving their money.
The budget proposed two new types of annuities that can be used for registered plans. The headline-grabber was ALDA: an acronym for Advanced Life Deferred Annuity. As of 2020, ALDAs could become an investment option for those with registered plans like RRSPs or RRIFs, Defined Contribution (DC) Registered Pension Plans and Pooled Registered Pension Plans (PRPPs).
The other proposal is for Variable Payment Life Annuities (VPLAs), which would pool investment risk in groups of at least 10 people within defined-contribution RPPs and PRPPs. This, to me, rings of a relatively obscure academic concept called a “tontine,” which, in its most extreme form—famously depicted in The Wrong Box—pools investments by a group, with the single survivor “winning” the whole pot by outliving all the unfortunates who die sooner…
The budget proposed two new types of annuities that can be used for registered plans. The headline-grabber was ALDA: an acronym for Advanced Life Deferred Annuity. As of 2020, ALDAs could become an investment option for those with registered plans like RRSPs or RRIFs, Defined Contribution (DC) Registered Pension Plans and Pooled Registered Pension Plans (PRPPs).
The other proposal is for Variable Payment Life Annuities (VPLAs), which would pool investment risk in groups of at least 10 people within defined-contribution RPPs and PRPPs. This, to me, rings of a relatively obscure academic concept called a “tontine,” which, in its most extreme form—famously depicted in The Wrong Box—pools investments by a group, with the single survivor “winning” the whole pot by outliving all the unfortunates who die sooner…
