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Retirement is closer than you think – as long as you can work until age 65 + MORE Sep 30th
Learn, save, invest and prosper by subscribing to My Own Advisor.
I recently read a MoneySense article acknowledging you might not have to save as much as you think for retirement.
This article is encouraging if…
You have no significant debt at the time of retirement.
You intend to spend less in .... More »
What rising bond rates tell us about the future Mar 8th
If one were to make a ranked list of which asset classes and securities are most fun to watch, fixed income would be near the bottom, just ahead of money market funds. You certainly won’t find any Redditors calling for bonds to rocket to the moon. However, the impression that bonds are boring is n.... More »
Ford government threatens to take control of real estate watchdog as realtors call for answers - CTV News Aug 31st
Ford government threatens to take control of real estate watchdog as realtors call for answers CTV NewsCanada’s largest private landlord often dramatically increases eviction applications after acquiring buildings, study finds Toronto StarOntario real estate agency has accoun.... More »
Marijuana millionaires: The Canadian execs getting rich off the rally Feb 3rd
Dozens of key insiders have become multimillionaires within the past year as share prices have surged and the theoretical value of stock options has exploded, but the value of their dazzling fortunes can rise or fall by millions of dollars each day
.... More »
Antrim Energy posts loss of $169,000 in fourth quarter + MORE Apr 22nd
CALGARY – CALGARY, Alberta (AP) _ Antrim Energy Inc. (ATGYF) on Friday reported a loss of $169,000 in its fourth quarter.
The Calgary, Alberta-based company said it had a loss of less than 1 cent on a per-share basis.
For the year, the company reported net income of $1.8 million, or 1 cent per.... More »
Liability cap means Amtrak could pay no more than $200 million to Philadelphia crash victims
– canadianbusiness.com
WASHINGTON – For the first time, U.S. passenger train operator Amtrak could face a $200 million payout to train crash victims — the limit set by Congress. But that may be too low to cover the costs of the eight lives lost and more than 200 people injured in last week’s derailment in Philadelphia.
That payout cap for a single passenger rail incident was part of a late effort in 1997 to pass a law that would rescue Amtrak from financial ruin and help it one day become independent.
Adjusted for inflation, which the law does not consider, that amount would be just under $300 million now. And Amtrak is still far from independent.
An Associated Press review of past cases found that Amtrak never before has been liable for a $200 million payout for a single passenger rail incident. The Philadelphia crash could be the first time the liability ceiling — designed specifically for Amtrak — would actually apply to the railroad.
It’s not known how high the costs of victims’ deaths and injuries from Tuesday’s crash will run…
That payout cap for a single passenger rail incident was part of a late effort in 1997 to pass a law that would rescue Amtrak from financial ruin and help it one day become independent.
Adjusted for inflation, which the law does not consider, that amount would be just under $300 million now. And Amtrak is still far from independent.
An Associated Press review of past cases found that Amtrak never before has been liable for a $200 million payout for a single passenger rail incident. The Philadelphia crash could be the first time the liability ceiling — designed specifically for Amtrak — would actually apply to the railroad.
It’s not known how high the costs of victims’ deaths and injuries from Tuesday’s crash will run…
Reader Questions – Essential Saving and Investing Advice
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.Thanks good readers, I appreciate hearing from you and receiving your saving and investing questions.
I’ll be the first person to acknowledge our saving and investing approach might not be suitable to everyone however I believe things are working out for us so far. Before I get into the latest set of reader questions to My Own Advisor here’s a brief look at our financial priorities:
Very high priority on saving, contributing and maxing out our Tax Free Savings Account (TFSA) every year.
High priority on contributing monthly to our Registered Retirement Savings Plans (RRSPs). I am out of contribution room now but my wife is not and so we’re working on that.
Priority on killing mortgage debt.
Our focus on these priorities is leading us to these financial goals:
Some decent tax-free passive income in our TFSAs.
A modest tax-deferred nest egg (RRSPs) to withdraw money from.
A paid off home that will provide us with some financial flexibility in 5-7 years…
