Apple tests generative AI tools to rival OpenAI's ChatGPT - Bloomberg News - Yahoo Canada Finance + MORE Jul 19th
Stocks rise as techs recover, Dow set for 10th win: Stock market news today - Yahoo Canada Finance Jul 21st
Apple's MM1 AI Model Shows a Sleeping Giant Is Waking Up - WIRED Mar 19th
Before the Bell: U.S. futures muted, Canadian investors weigh earnings - The Globe and Mail Nov 9th
A Wave of Start-ups Are Disrupting the $2-Billion Funeral Industry Feb 23rd
How much to take out of your RRSP in your 60s
– moneysense.ca
Locked-in RRSPs, defined contributions (DC) pensions, and deferred profit sharing plans (DPSPs) all have the same rule requiring conversion at age 71.
The two big questions for a retiree prior to age 71 are: When should I start withdrawals? And how much should I take out each year?
If we take a simplistic approach to the RRSP drawdown, a sustainable withdrawal rate may be 2% to 5% of the account value. That is, between 2% and 5% of the starting account value may be withdrawn each year with subsequent withdrawals increased each year with inflation for life. There are many asterisks depending on age, life expectancy, investment risk tolerance, investment fees and other factors…
How much credit card debt does the average Canadian have?
– moneysense.ca
How much debt does the average Canadian carry?
The average credit card debt Canadians had in September 2022 was $2,121, according to Equifax. And another report the Canadian credit bureau, Canadian consumer debt has risen to $2.32 trillion, with an average debt load of approximately $21,000—excluding mortgages. These numbers represent an increase of 8.2% over last year, and 6.4% between the first and second quarters of 2022. And Canadians are using credit cards more, as there was a 6.4% increase in credit balances from the first quarter to the second…