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Latest News
When should you start taking CPP? Take it too early or too late and you could sell yourself short + MORE Dec 16th
Age 65 is considered the “standard” age for beginning both CPP and OAS, but you can start taking CPP any time between ages 60 and 70 and you can start OAS any time between 65 and 70..... More »
Want to know exactly what you’ll get from CPP when you retire? Here’s how to find out Jul 20th
You can even get a precise estimate years in advance, thanks to a new online service that goes where the federal government won’t, writes David Aston..... More »
Making sense of the markets this week: November 5, 2023 Nov 9th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Apple earnings are solid if not spectacular
When a company makes a habit of achieving record-breaking growth, it can be .... More »
Feds, province scrap over Ontario pension plan - Toronto Sun + MORE Jul 30th
Toronto SunFeds, province scrap over Ontario pension planToronto SunWhile never close, open hostilities have broken out between the Kathleen Wynne and Stephen Harper governments in the days before an anticipated federal election call. Finance Minister Charles Sousa and Associate Finance Minister Mit.... More »
Université de Moncton: The new seniors on campus + MORE Feb 10th
Nursing student Danielle Theriault, left, works with a patient at the Université de Moncton’s Ecole de Science Infirmiere. (Photograph by Darren Calabrese)
Every September, university campuses spring back to life as students move into their dorms and classes get underwa.... More »
Union chief vows to keep negotiating as New York commuter rail strike looms
– canadianbusiness.com
MINEOLA, N.Y. – The chief negotiator for unions at the nation’s largest commuter railroad was set for a second day of renewed talks Thursday after vowing to keep working toward a deal that would avoid a strike this weekend.
The unions and the Long Island Rail Road said they would continue face-to-face negotiations Thursday in New York City and were maintaining informal contact while meeting separately and “crunching numbers.”
The sides, urged on by Democratic Gov. Andrew Cuomo, held a five-hour session on Wednesday after two days of increased tension and bleak prospects for resolution stemming from a railroad proposal to make future employees contribute to their to health and pension plans.
“The message to the riding public is what we’ve said all along: We are not going to leave the table until we can do everything in our power to prevent a work stoppage,” the unions’ chief negotiator, Anthony Simon, said Wednesday.
A spokesman for the Metropolitan Transportation Authority, the state agency that runs the railroad, declined to characterize the talks but said it remained committed to negotiating…
The unions and the Long Island Rail Road said they would continue face-to-face negotiations Thursday in New York City and were maintaining informal contact while meeting separately and “crunching numbers.”
The sides, urged on by Democratic Gov. Andrew Cuomo, held a five-hour session on Wednesday after two days of increased tension and bleak prospects for resolution stemming from a railroad proposal to make future employees contribute to their to health and pension plans.
“The message to the riding public is what we’ve said all along: We are not going to leave the table until we can do everything in our power to prevent a work stoppage,” the unions’ chief negotiator, Anthony Simon, said Wednesday.
A spokesman for the Metropolitan Transportation Authority, the state agency that runs the railroad, declined to characterize the talks but said it remained committed to negotiating…
Degrees of financial independence
– moneysense.ca
In his so-called “coming to terms” post for Get Rich Slowly, J.D. Roth says the traditional word retirement carries too much baggage, so he prefers the term I also like: financial independence.
But whatever the term you prefer, it’s important to realize there are degrees of what I like to call “findependence” and/or retirement. It’s a continuum, as Roth rightly points out. He talks about four types of retirement: the traditional full-stop version that begins (usually) at age 65, early retirement (launched usually in one’s mid 50s or early 60s, although there is a genre of extreme early retirement that supposedly begins in one’s 20s or 30s). And finally there’s the concept of multiple mini-retirements championed by Tim Ferriss in The 4-Hour Workweek, which you can read more about here.
If you re-frame the retirement discussion for findependence, it’s also possible to describe a similar continuum, just as it’s possible to describe different degrees of financial freedom…
But whatever the term you prefer, it’s important to realize there are degrees of what I like to call “findependence” and/or retirement. It’s a continuum, as Roth rightly points out. He talks about four types of retirement: the traditional full-stop version that begins (usually) at age 65, early retirement (launched usually in one’s mid 50s or early 60s, although there is a genre of extreme early retirement that supposedly begins in one’s 20s or 30s). And finally there’s the concept of multiple mini-retirements championed by Tim Ferriss in The 4-Hour Workweek, which you can read more about here.
If you re-frame the retirement discussion for findependence, it’s also possible to describe a similar continuum, just as it’s possible to describe different degrees of financial freedom…
