How to go about securing the best return for your investment in Canada.
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When does it make sense to sell real estate in a larger city and buy in a smaller one? Jun 1st
Q. I am currently living in Saint John, NB, and renting ($1,450 a month + Internet—very expensive for this little town). I also own a condo in Burlington, Ont., worth about $500,000, which I have been renting out for the past two years. With income taxes factored in, the rent just covers carrying .... More »
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Norway’s sovereign wealth fund, built on off-shore oil reserves and valued at $1 trillion, is held up as a prime example of how such rainy day funds can succeed. But as more countries and states put money aside, there may be other lessons to note.
Pension withdrawals: Lump-sum vs. deferred payment
– moneysense.ca
(iStock)Q: I am about to make a decision on whether to take a lump-sum on my pension or a monthly amount. I have some other investments, but my thought was I did not want everything tied up in the markets in case markets took a dip. I thought a monthly amount might be best for my situation, but I may be wrong.—Bill
A: The biggest retirement decision that an employee can make is when to retire. The second biggest is what to do with their defined-benefit pension, if they have one.
Sometimes, the pension decision comes about because of retirement. In other cases, it’s due to a termination of employment or a company making a change to their pension plan for employees. Regardless, it’s not uncommon to be given a choice between taking a lump-sum payment in lieu of your future monthly pension (known as a commuted value) or otherwise taking your calculated monthly pension payment in retirement.
If you take a lump-sum, Bill, it can typically be transferred to a locked-in retirement account (LIRA), which is just like a regular RRSP with a few restrictions…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
