Search found 161 matches

by gaspr
07 Nov 2017 16:36
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuity
Replies: 18
Views: 1011

Re: Annuity

If you want to keep an eye on rates without getting quotes, look here

http://www.globeinvestor.com/servlet/Pa ... sidence=ON
by gaspr
06 Nov 2017 17:33
Forum: Financial Planning and Building Portfolios
Topic: Passing on a DIY portfolio after death
Replies: 35
Views: 1428

Re: Passing on a DIY portfolio after death

I would like to see one or more of the robo advisors focus on making retirement spending more a priority. I think there is a growth opportunity here for them if they can address the issues of helping retirees spend down their nest egg in a tax efficient and cost efficient way. Maybe they already off...
by gaspr
29 Sep 2017 14:20
Forum: Financial Planning and Building Portfolios
Topic: Strategy and Performance Tracking
Replies: 27
Views: 1552

Re: Strategy and Performance Tracking

Hmmm. Tried that but still no good...
by gaspr
29 Sep 2017 13:39
Forum: Financial Planning and Building Portfolios
Topic: Strategy and Performance Tracking
Replies: 27
Views: 1552

Re: Strategy and Performance Tracking

I just tried creating a google sheet to track ETF prices. Worked for all my ETFs except VSB.TO. It always comes up with a price of 0. Can someone else try this to see if it is a system error?
by gaspr
26 Aug 2017 14:38
Forum: Taxing Situations
Topic: Dividend Tax Advantages May Be An Illusion
Replies: 25
Views: 1180

Re: Dividend Tax Advantages May Be An Illusion

Yes I understand why you choose to have equities in TFSA's. Investments with the highest expected returns are a good fit in a TFSA. But if you are going to have fixed income as part of your overall asset allocation, and if TFSA's are more tax efficient for FI, does it make sense to fill the TFSA fir...
by gaspr
26 Aug 2017 13:40
Forum: Taxing Situations
Topic: Dividend Tax Advantages May Be An Illusion
Replies: 25
Views: 1180

Re: Dividend Tax Advantages May Be An Illusion

General rule of thumb: ...fixed income in TFSAs,.... George I think you would be doing a disservice to young people giving them that advice. I was commenting where assets should be held so as to reduce taxes/receive tax credits. If your point is that young people should be more heavily into equitie...
by gaspr
24 Aug 2017 22:01
Forum: Retirement, Pensions and Peace of Mind
Topic: Advice for someone desperately seeking GIS but facing difficulty due to amortized loan
Replies: 3
Views: 354

Re: Advice for someone desperately seeking GIS but facing difficulty due to amortized loan

Or perhaps this was a loan forgiveness situation in which case the amount forgiven would be deemed to be income for tax puposes?
by gaspr
23 Aug 2017 23:24
Forum: Taxing Situations
Topic: Dividend Tax Advantages May Be An Illusion
Replies: 25
Views: 1180

Re: Dividend Tax Advantages May Be An Illusion

If the company is owned by the shareholders, then it is indeed paying taxes on their behalf. It is the reason why the CRA compensates for this through the gross up/ dividend tax credit.
by gaspr
23 Aug 2017 16:31
Forum: Taxing Situations
Topic: Dividend Tax Advantages May Be An Illusion
Replies: 25
Views: 1180

Re: Dividend Tax Advantages May Be An Illusion

In principle our income tax system is supposed to be neutral as to whether the taxpayer receives income via salary, interest, or dividends. The dividend gross-up plus dividend tax credit were originally designed, and periodically updated, to compensate for corporate tax paid. In practice it doesn't...
by gaspr
23 Aug 2017 15:22
Forum: Taxing Situations
Topic: Dividend Tax Advantages May Be An Illusion
Replies: 25
Views: 1180

Dividend Tax Advantages May Be An Illusion

We have all seen the articles touting the tax advantages of receiving retirement income in the form of dividends from eligible Canadian companies. Some examples here. One by Jon Heizel: https://www.theglobeandmail.com/globe-investor/investment-ideas/strategy-lab/dividend-investing/you-do-the-math-al...
by gaspr
14 Aug 2017 10:01
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 305
Views: 18610

Re: Clippings 2017

Mike Piper's latest post on whether dividend stocks belong in your portfolio. I totally agree with his conclusions.

http://www.obliviousinvestor.com/do-div ... portfolio/
by gaspr
07 Aug 2017 13:29
Forum: Financial Planning and Building Portfolios
Topic: RRSP and TFSA - moving away from MF
Replies: 32
Views: 1305

Re: RRSP and TFSA - moving away from MF

RBC DI might also agree to reimburse you for any transfer fees...worth asking them.
by gaspr
07 Aug 2017 07:48
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 222
Views: 6358

Re: CPP Deferral debate - Fred Vettese article discussion

Great to hear! Thanks for all you share and do on this forum. Much appreciated!
by gaspr
07 Aug 2017 07:35
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 222
Views: 6358

Re: CPP Deferral debate - Fred Vettese article discussion

Peculiar_Investor, Is there any chance there is a spreadsheet (or spreadsheets) that could be shared? Perhaps via our wiki article on Canada Pension Plan ? I have a personal spreadsheet I've built to estimate my future QPP pension, but it's not fully automated (it requires a manual selection of dro...
by gaspr
03 Jul 2017 08:11
Forum: Financial Planning and Building Portfolios
Topic: seeking help in rebuilding my portfolio
Replies: 11
Views: 720

Re: seeking help in rebuilding my portfolio

If you have no desire to leave a legacy, and if you are in good health, you might want to consider a life annuity as an option. Payout rates for someone your age range from 7-8%... Eliminates market risk, longevity risk, and dementia risk but leaves you exposed to inflation risk.
by gaspr
11 Jun 2017 17:04
Forum: Retirement, Pensions and Peace of Mind
Topic: Variable Percentage Withdrawal (VPW) for Canadians
Replies: 115
Views: 10970

Re: Variable Percentage Withdrawal (VPW) for Canadians

I can see where that makes sense for those with more than enough. For those like myself with more modest portfolios, the goal should be to safely withdraw as much as is possible, especially in the early retirement years. VPW does this better than any other method IMHO. Whether one spends it, saves i...
by gaspr
11 Jun 2017 14:53
Forum: Retirement, Pensions and Peace of Mind
Topic: Variable Percentage Withdrawal (VPW) for Canadians
Replies: 115
Views: 10970

Re: Variable Percentage Withdrawal (VPW) for Canadians

Thanks! Just thinking that one of longinvest's excellent hypothetical examples that include the CPP and OAS calculations might be a big improvement to the finiki article on VPW. I know that examples of this type really help me to understand the concept. Perhaps one example for an early retiree or co...
by gaspr
11 Jun 2017 13:56
Forum: Retirement, Pensions and Peace of Mind
Topic: Variable Percentage Withdrawal (VPW) for Canadians
Replies: 115
Views: 10970

Re: Variable Percentage Withdrawal (VPW) for Canadians

Not sure if this question has been covered... When in withdrawal mode, what is the best way to handle portfolio distributions during the year. Does one just spend them as they come in, but include the amounts in the total portfolio before calculating the annual withdrawal? Or does one just reinvest ...
by gaspr
26 May 2017 19:31
Forum: Retirement, Pensions and Peace of Mind
Topic: The Mental Mistakes We Make With Retirement Spending
Replies: 26
Views: 1764

Re: The Mental Mistakes We Make With Retirement Spending

Many of the activities that I enjoy most, are just not that expensive. For example, walking with the dogs in the woods is free (well, gasoline to get to the edge of the woods). A book on the latest academic research on finance is seldom more than USD 100. Music and videos? Free, courtesy of YouTube...
by gaspr
26 May 2017 15:36
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 41
Views: 1932

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

To repeat myself, I'm glad I found The Connolly Report and switched our investment style from growing the pot, to growing the Income. What we found was that over the years we could see the income grow and see how close we ere coming to meeting our needs with just income. We don't have a pension, in...
by gaspr
26 May 2017 10:03
Forum: Retirement, Pensions and Peace of Mind
Topic: The Mental Mistakes We Make With Retirement Spending
Replies: 26
Views: 1764

Re: The Mental Mistakes We Make With Retirement Spending

Or perhaps it is fear. I know quite a few oldtimers who remember the hard times so vividly, that they cannot spend freely...always thinking that they may need that extra cash some day.
by gaspr
23 May 2017 10:50
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 41
Views: 1932

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

@ Longinvest. Again, I totally agree with all you have written here. It is an excellent withdrawal method. My problem with those who cannot manage this on a DIY basis. They need help from someone to explain and to implement and manage this. Where do they go for this? Until fee for service advisers s...
by gaspr
23 May 2017 07:53
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 41
Views: 1932

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

Knowing about how to establish a robust lifelong inflation-indexed retirement income base by simply delaying CPP and OAS and bridging the gap with a GIC ladder not exposed to market risk, and about how to sensibly withdraw money from a portfolio of risky assets (stocks and bonds) using something li...