Not sure how to make a retirement plan? Read on…
Latest News
How to keep your holiday spending in check Dec 2nd
According to Equifax Canada data, there was a 1.9% rise in total debt per consumer at the end of the second quarter in 2019. Unsurprisingly, a recent survey commissioned by Equifax also found that 55% of Canadians say they’ll be spending less on holiday gifts this year. Hmm, I wonder why that.... More »
CPP’s success may signal bigger pensions ahead: Mayers + MORE Apr 15th
In search of higher returns, the Canada Pension Plan is taking a little more risk, something it says can be done safely and prudently..... More »
How foreign withholding taxes affect returns + MORE Jul 29th
In our newly revised white paper, Justin Bender and I explain the hidden cost of foreign withholding taxes on U.S. and international equity ETFs. I gave an overview of the most important points in my previous blog post. Now let’s look at one of the more subtle ideas: how those taxes affect your pe.... More »
Millennial homebuyers and seniors among the winners of Budget 2019 + MORE Mar 24th
The Liberals’ last budget of this mandate sets the stage for the October federal election and includes a sprinkling of money for voters across a wide spectrum. But there are also gaps in spending for some groups.
Here’s what the budget does and doesn’t do, for five key voting group.... More »
Are you entitled to anything when your ex-spouse dies? + MORE Jul 6th
Q. My ex-husband died a month ago. Am I allowed any amount of his CPP or his military pension, although we were divorced?
–Ginette
A. I am sorry for your loss, Ginette. As you may already know, the end of a marriage or common-law relationship doesn’t automatically sever all ties between partner.... More »
Union chief vows to keep negotiating as New York commuter rail strike looms
– canadianbusiness.com
MINEOLA, N.Y. – The chief negotiator for unions at the nation’s largest commuter railroad was set for a second day of renewed talks Thursday after vowing to keep working toward a deal that would avoid a strike this weekend.
The unions and the Long Island Rail Road said they would continue face-to-face negotiations Thursday in New York City and were maintaining informal contact while meeting separately and “crunching numbers.”
The sides, urged on by Democratic Gov. Andrew Cuomo, held a five-hour session on Wednesday after two days of increased tension and bleak prospects for resolution stemming from a railroad proposal to make future employees contribute to their to health and pension plans.
“The message to the riding public is what we’ve said all along: We are not going to leave the table until we can do everything in our power to prevent a work stoppage,” the unions’ chief negotiator, Anthony Simon, said Wednesday.
A spokesman for the Metropolitan Transportation Authority, the state agency that runs the railroad, declined to characterize the talks but said it remained committed to negotiating…
The unions and the Long Island Rail Road said they would continue face-to-face negotiations Thursday in New York City and were maintaining informal contact while meeting separately and “crunching numbers.”
The sides, urged on by Democratic Gov. Andrew Cuomo, held a five-hour session on Wednesday after two days of increased tension and bleak prospects for resolution stemming from a railroad proposal to make future employees contribute to their to health and pension plans.
“The message to the riding public is what we’ve said all along: We are not going to leave the table until we can do everything in our power to prevent a work stoppage,” the unions’ chief negotiator, Anthony Simon, said Wednesday.
A spokesman for the Metropolitan Transportation Authority, the state agency that runs the railroad, declined to characterize the talks but said it remained committed to negotiating…
Degrees of financial independence
– moneysense.ca
In his so-called “coming to terms” post for Get Rich Slowly, J.D. Roth says the traditional word retirement carries too much baggage, so he prefers the term I also like: financial independence.
But whatever the term you prefer, it’s important to realize there are degrees of what I like to call “findependence” and/or retirement. It’s a continuum, as Roth rightly points out. He talks about four types of retirement: the traditional full-stop version that begins (usually) at age 65, early retirement (launched usually in one’s mid 50s or early 60s, although there is a genre of extreme early retirement that supposedly begins in one’s 20s or 30s). And finally there’s the concept of multiple mini-retirements championed by Tim Ferriss in The 4-Hour Workweek, which you can read more about here.
If you re-frame the retirement discussion for findependence, it’s also possible to describe a similar continuum, just as it’s possible to describe different degrees of financial freedom…
But whatever the term you prefer, it’s important to realize there are degrees of what I like to call “findependence” and/or retirement. It’s a continuum, as Roth rightly points out. He talks about four types of retirement: the traditional full-stop version that begins (usually) at age 65, early retirement (launched usually in one’s mid 50s or early 60s, although there is a genre of extreme early retirement that supposedly begins in one’s 20s or 30s). And finally there’s the concept of multiple mini-retirements championed by Tim Ferriss in The 4-Hour Workweek, which you can read more about here.
If you re-frame the retirement discussion for findependence, it’s also possible to describe a similar continuum, just as it’s possible to describe different degrees of financial freedom…
