Canada Pension Giant OMERS Posts 6.5% Return + MORE Feb 25th

AUSTIN, Texas – Former Texas All-American and NFL kicker and punter Russell Erxleben was sentenced Monday to more than seven years in federal prison for running an illegal investment scam that netted $2 million.
Prosecutors said Erxleben scammed investors from 2005 to 2009 with fraudulent deals that promoted dealing in post-World War I German government bonds and a work of art purportedly by French painter Paul Gauguin.
He also received three years of supervised release and was ordered to pay restitution.
It will be Erxleben’s second stint in federal prison. He was sentenced in 1999 to seven years for a scam that robbed investors of $36 million.
Erxleben, 57, holds the Texas record for longest field goal at 67 yards. He was a first-round draft pick by the New Orleans Saints in 1979.
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Ok, I’m sure you already know the basics about the Registered Retirement Savings Plan (RRSP) – so let’s play a game of True or False.

RRSPs are an investment product themselves so go out and buy some RRSPs now!
You can only contribute in February and March when the banks start advertising for them.
RRSPs are great because withdrawals will eventually be 100% tax-free like the TFSA.
The RRSP contribution limit is $23,820 for the 2013 tax year with no exceptions.
The RRSP contribution deadline this year is March 1, 2014, like it is every March 1st for every tax year.

I’m confident you know these answers, maybe thanks to these bloggers and financial experts for their articles over the last few weeks discussing Registered Retirement Savings Plans (RRSPs) and sharing their opinions on them:  Big Cajun Man, Michael James on Money, Preet Banerjee, and Kyle Prevost.
My wife and I don’t subscribe to “RRSP Season” and instead contribute to our tax-deferred accounts throughout the year…

Ontario Municipal Employees Retirement System is the latest of Canada’s big pension funds to demonstrate the benefits of investing in real estate, infrastructure and other private-market investments to both boost overall returns and offset public-market volatility.

Pension fund OMERS suggests the typical 60%-40% allocation split between equities and bonds adds risk, rather than reduces it.

The Postal Service wants to offer financial services for the ‘underserved.’ Sounds nice. Too bad it’s unrealistic.