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Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24% - Yahoo Canada Finance + MORE Feb 6th
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24% Yahoo Canada FinanceBed Bath & Beyond Plans Share Sale in Bid to Avoid Bankruptcy BNN BloombergBed Bath & Beyond moves to raise $1 bln to avoid bankruptcy Reuters.comBed Bath & Beyo.... More »
How to make your first million in five steps (no, you don’t need to own real estate) + MORE Apr 4th
This is one of the most-asked questions I get, and here’s the step-by-step answer, Lesley-Anne Scorgie writes..... More »
Gen Z housing hacks for the return-to-office era + MORE Nov 3rd
After years of remote work and suburban migrations, many young Canadians are being pulled back into city centres, where rental markets are more expensive. Toronto’s average rent, for example, sits around $2,600/month—about 20% higher than the national average, keeping the city among Canada’s p.... More »
Say Good-bye to Foot Pain: Kick Your Bunion to the Curb Aug 26th
Few, if any, investments are more important than the investment you make in your health. If you are experiencing aches and pains caused by bunions, it’s time to take action. But first, it’s important to find out if bunions are the true cause of your discomfort. Contact a specialist to find out, .... More »
Janet Gray advice-only Financial Planner + MORE Mar 20th
Meet Janet Gray
Janet Gray is an advice-only Certified Financial Planner, speaker and educator with over 20 years of experience. She’s been featured in countless Canadian news publications as a financial expert, and she even won “Financial Services Person of the Year” twice. Janet specializ.... More »
Reconsidering when to take CPP benefits amid COVID-19 risk
– moneysense.ca
In an earlier column, we looked at how to optimize the timing for taking your Canada Pension Plan benefits—early or late. We also touched on the issue of “survivorship,” mentioning retired advisor Warren Baldwin, who decided to take his own CPP at age 66, in part because of limited options for a surviving partner. He said: “If you die, the pension stops or only a limited amount continues to a surviving spouse/partner; more limited if the spouse/partner has a decent amount of CPP of their own.” I followed suit myself.
Because the matter is far from simple, Baldwin suggested we get some annuity quotes to better compare the value of CPP to a Registered Retirement Savings Plan (RRSP), while considering the fact that most or even all CPP’s value might be lost if a partner dies prematurely. (I hate to say it, but the coronavirus pandemic does make this a slightly more probable event, especially for seniors.)
For example, say your CPP is worth $350,000, and you also have a $350,000 RRSP…
Because the matter is far from simple, Baldwin suggested we get some annuity quotes to better compare the value of CPP to a Registered Retirement Savings Plan (RRSP), while considering the fact that most or even all CPP’s value might be lost if a partner dies prematurely. (I hate to say it, but the coronavirus pandemic does make this a slightly more probable event, especially for seniors.)
For example, say your CPP is worth $350,000, and you also have a $350,000 RRSP…
