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Retirement planning —after you retire + MORE Jul 1st
(iStock)
While similar, retirement and what I like to call financial independence are not necessarily the same thing. The latter arrives when you have sufficient sources of passive income and assets accumulated that you can meet all your daily lifestyle expenses without having to continue to work. W.... More »
Ways to “unlock” retirement savings in a LIRA + MORE Dec 7th
Q. When I retired at age 63, the financial institution that managed my DPSP account paid the company-contributed portion (approximately $30,000) into a LIRA.
Given all the constraints related to drawing down a LIRA/LIF, I am now 65, living in BC, and have two questions:
Since I was already at re.... More »
Can you move income back and forth between spouses? Aug 22nd
Ask MoneySense
I have an investment property (condo) in my name. I would like to sell it and [have the proceeds] paid out half to me and half to my spouse. The plan is to make the maximum RRSP contribution for both of us to minimize the capital gain.
Is that plan OK, legal, and wise?
–Zlatko.... 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 »
Europe launches a new mission to image Earth's magnetic shield in 2026 while the operational satellite warning of solar storms is a 1995 spacecraft running 28 years past retirement — the gap between discovery science and operational continuity within a sin - Space Daily + MORE May 16th
Europe launches a new mission to image Earth's magnetic shield in 2026 while the operational satellite warning of solar storms is a 1995 spacecraft running 28 years past retirement — the gap between discovery science and operational continuity within a sin Space DailySmile arrives at th.... More »
City hall no stranger to protests – Montreal Gazette
– news.google.ca
Montreal GazetteCity hall no stranger to protestsMontreal GazetteSept. 13, 1993. A protest in Montreal turns violent, leading to arrests. Later, a judge sentencing two of the protest leaders to six-month prison terms declares the demonstrators “participated in a violent assault on a public building that was protected by police …Hearings over municipal pension reform underway amid Quebec protestsCTV NewsQuebec municipal unions ready to fight for battered pension fundsMetroNews CanadaHearings over municipal pension reform underway in Quebec as protests continueTimes ColonistThe Globe and Mail -CBC.caall 116 news articles »
Why there’s global urgency to enhance pensions: Mayers
– thestar.com
As Ontario gets going on its supplementary pension plan, Britain has already launched one and the U.S. has one under consideration.‘Sandwich generation’ perks and pitfalls
– moneysense.ca
I’ve always had ambivalent feelings about the expression “sandwich generation,” which was in the news again last week when BMO Nesbitt Burns put out its latest “retirement readiness” study.The headline number was that those caught between child-rearing and elder care will be short more than half a million dollars for their own retirement. Defining this generation as those between the ages of 45 and 64, it said this cohort believes they need $818,000 on average for retirement but to date most have saved on average just $258,000.
Why my ambivalence? On the plus side, the sandwich generation always makes for good copy. In fact, the never-published fifth issue of the old Wealthy Boomer magazine I used to be associated with featured just such an anguished baby boomer couple on the cover, complete with squalling kids and ailing parents.
On the other hand, I can’t help thinking “Hasn’t every generation” been a sandwich generation? Didn’t the parents of the baby boomers have to raise us and worry also about their aging parents? And didn’t their grandparents go through the same thing, and so on throughout all recorded time?
Ah but we baby boomers are special, aren’t we? Everything we touch becomes a trend and any asset class we embrace soon becomes overheated; housing in the 1980s, tech stocks in 2000…
