Search found 3044 matches

by ig17
18 Mar 2024 19:05
Forum: Retirement, Pensions and Peace of Mind
Topic: Blackrock whitepaper on spending in retirement
Replies: 45
Views: 2093

Blackrock whitepaper on spending in retirement

Blackrock: To spend or not to spend? https://www.blackrock.com/us/individual/literature/whitepaper/spending-retirement-assets-final-whitepaper.pdf This was not what we expected to find: on average across all wealth levels, most current retirees still had 80% of their pre-retirement savings after almost two decades of retirement according to research conducted jointly with the Employee Benefit Research Institute (EBRI). One-third even grew their assets over the course of retirement. While that sounds like good news, the reasons why some retirees did not spend their assets may be complicated. Certainly some may have benefited from greater access to defined benefit pensions, more income replacement from Social Security, strong real estate appr...
by ig17
07 Mar 2024 22:43
Forum: Financial Planning and Building Portfolios
Topic: email e transfer question
Replies: 8
Views: 763

Re: email e transfer question

Related: to send e-transfers anonymously, open an account with Simplii Financial. They are the only bank I'm aware of that allows the sender to set an arbitrary name and email to be used for e-transfers. All other banks automatically use your legal name and email that they have on record.
by ig17
07 Mar 2024 22:39
Forum: Financial Planning and Building Portfolios
Topic: email e transfer question
Replies: 8
Views: 763

Re: email e transfer question

Disable auto-deposits on your end to receive e-transfers anonymously. The sender will have to provide a security question and a password. Interac email receipt sent to the sender won't reveal your real name. Instead, it will include the nickname the sender assigned to you in their banking UI.
by ig17
17 Feb 2024 20:16
Forum: Under the Mattress: Protecting Your Money
Topic: How reliable are prenups in Ontario?
Replies: 31
Views: 1749

Re: How reliable are prenups in Ontario?

OP, do you plan to have kids with your partner?

I'm widowed after 30 years of mostly good marriage. My (unpopular?) opinion: for a HNW man, the only reason to get married is to raise kids together.

No plans to have kids = no reason to get married.
by ig17
18 Jan 2024 22:14
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What are your top holdings? (2013-2020 and counting)
Replies: 261
Views: 29979

Re: What are your top holdings? (2013-2020 and counting)

Do not try this at home! :wink:

1. Amazon 33% of the total portfolio
2. Visa 7%
3. Google 7%
4. Moody's 7%
5. S&P Global 7%
6. Mastercard 6%
7. Constellation Software 5.5%
8. Mawer Global Small-Cap Fund 5%
9. Berkshire Hathaway 4.5%
10. Cash 4%

Rest of portfolio (misc stocks): 14%

No bonds.
by ig17
02 Jan 2024 22:20
Forum: Financial Planning and Building Portfolios
Topic: How did you do in 2023?
Replies: 97
Views: 7491

Re: How did you do in 2023?

Time-weighted returns as per Bogleheads spreadsheet

2023: 31%

3 year: 7.9%
5 year: 13.1%
10 year: 11.3%

Asset allocation at the end of 2023:

US stocks: 73.3%
Canadian stocks: 16.4%
International stocks: 6.4%
Cash: 3.9%

for a total allocation of: 96.1% equities, 3.9% cash

Two stocks (Google, Amazon) comprise 40% of the entire portfolio. Don't try this at home.

For context: I'm 56, still working, plan to retire in two years. I'm single (widowed). My retirement is secured many times over.
by ig17
31 Dec 2023 14:33
Forum: Community Centre
Topic: Mini Computer
Replies: 19
Views: 1467

Re: Mini Computer

I use my laptop as a desktop. The lid is always closed. Large external monitor is connected via a HDMI to mini-HDMI adapter. Full-size external keyboard and mouse are connected via a single USB dongle.

I don't have any experience with mini computers. In my (uneducated) opinion, a laptop is a more versatile option than a mini computer. Can you save a lot of money by going with a mini computer instead of a laptop? If the answer is No, why would you pick a mini computer?
by ig17
30 Dec 2023 11:19
Forum: Community Centre
Topic: Home internet providers - 2024
Replies: 20
Views: 1815

Re: Home internet providers - 2024

I use EBox. They were independent when I signed up with them a couple of years ago. They have since been acquired by Bell but continue to run as a stand-alone company. I'm happy with their service.

I pay $50/month for a 150/150 fiber plan. The price includes two pieces of equipment: a fiber hub provided by Bell and a router provided by EBox.
by ig17
30 Nov 2023 10:07
Forum: Community Centre
Topic: DEALS 2023+
Replies: 14
Views: 962

Re: DEALS 2023+

Speaking of oral hygiene, I recently started using a tongue scraper. I'm impressed with the results. The tongue looks much cleaner. I assume my breath is fresher as well, although I can't really test it myself. Tongue bacteria is a major source of bad breath.

https://www.amazon.ca/dp/B00008CMPY
by ig17
29 Nov 2023 22:47
Forum: Community Centre
Topic: DEALS 2023+
Replies: 14
Views: 962

Re: DEALS 2023+

BRIAN5000 wrote: 27 Nov 2023 14:02 Maybe only in BC reg $94.99 or $89.99 in store, now a few mouse clicks will have it at your door in two days for $71.99 plus tax. Not fantastic but not bad.
$66.99 for the same item at my local Costco today. Too late for me: I already bought it online when Brian started this thread. Brian, expect an invoice from me for a $5 refund. :D
by ig17
28 Nov 2023 23:43
Forum: Financial News, Policy and Economics
Topic: Define "rich"
Replies: 71
Views: 4268

Re: Define "rich"

The Capgemini World Wealth Report 2020
https://www.capgemini.com/nl-nl/wp-cont ... R-2020.pdf

They separate the high net worth population into three bands:
  • Millionaires next door: those with USD 1 million to USD 5 million in investable wealth
  • Mid-tier millionaires: those with USD 5 million to USD 30 million
  • Ultra-High Net Worth: those with USD 30 million or more
I'm not sure I would draw the lines the same way but I generally agree with their idea of separating three bands:

1. High NW = well off
2. Very high NW = wealthy
3. Ultra high NW = rich
by ig17
24 Nov 2023 15:53
Forum: Under the Mattress: Protecting Your Money
Topic: Tips for moving Money (chasing the best rates)
Replies: 9
Views: 1017

Re: Tips for moving Money (chasing the best rates)

TDDI _is_ faster. Put in a sell order before 3PM EST. Cash shows up in your account around noon the next day. If you have a margin account with sufficient margin room, you don't need to wait until noon. You can transfer cash out before it's credited to your account.

I recently moved a bunch of money from TDDI to Tangerine to take advantage of the 5.5% offer. It can be done without losing a single day of earning interest:

Day 1:
- Tangerine: initiate pull transfer from TD chequing
- TDDI: enter an order to sell MMF before 3PM

Day 2:
- TDDI: move cash from margin account to TD chequing

Works like a charm.
by ig17
23 Nov 2023 12:35
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Canadian Mortgage Charter
Replies: 3
Views: 850

Re: Canadian Mortgage Charter

Twitter commentary by Ron Butler, a principal at Butler Mortgage Inc. He recently testified before the Finance Committee of the House of Commons on several housing topics. I mention that just so you know that he is not "a random guy on twitter". He is an expert.


Ron Butler wrote: Sum this Mortgage Charter stuff up: Political Theater & not very good Theater
by ig17
22 Nov 2023 23:26
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: First Home Savings Account (FHSA)
Replies: 116
Views: 12865

Re: First Home Savings Account (FHSA)

cardhu wrote: 22 Nov 2023 23:03
ig17 wrote:Am I missing anything?
Yup ... you don't have to have any unused RRSP contribution room in order to do the rollover ... its essentially $40k of "bonus" RRSP contribution room, over and above what the rest of the world gets.
Thanks. That's a nice benefit.
by ig17
22 Nov 2023 22:26
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: First Home Savings Account (FHSA)
Replies: 116
Views: 12865

Re: First Home Savings Account (FHSA)

Pitzeco wrote: 21 Nov 2023 12:14 They each open an FHSA in year 1 and deposit a total of $16,000 equally split between the two accounts. In year 2 after opening the FHSA John and Jane buy a house but by choice do not make a qualifying withdrawal. It does not appear that one is forced to use the FHSA to actually purchase a house.

In year 2, 3, 4, 5 they can each contribute $8,000 to their respective FHSAs and eventually rollover the accounts to their RRSPs.
You need to have unused RRSP contribution room in order to do the rollover. If you don't plan to use FHSA for its intended purpose, why bother? Contribute the same amounts directly to the RRSP. The benefits are exactly the same: annual tax deductions and tax-free compounding.

Am I missing anything?
by ig17
09 Nov 2023 20:05
Forum: Community Centre
Topic: PSA testing
Replies: 109
Views: 3705

Re: PSA testing

optionable68 wrote: 09 Nov 2023 18:55 I've never had a DRE, and to be honest, the thought makes me uncomfortable.

Is it something that I should push my GP about?
UpToDate:

Digital rectal examination — We suggest not performing digital rectal examination (DRE) for prostate cancer screening either as an adjunct to prostate-specific antigen (PSA) testing or as a standalone test.

https://www.uptodate.com/contents/scree ... 3355913205
by ig17
02 Mar 2023 17:24
Forum: Under the Mattress: Protecting Your Money
Topic: High interest savings, GICs and MMFs (2023)
Replies: 1056
Views: 87816

Re: High interest savings, GICs and MMFs (2023)

Got a new promo offer at Tangerine: 5.25% on new HISA money from March 2 to July 31.

They didn't send me any notifications. I just checked the account on a whim because it's a new month.
by ig17
23 Feb 2023 08:41
Forum: Taxing Situations
Topic: Joint non registered account tax rules
Replies: 10
Views: 632

Re: Joint non registered account tax rules

rsrs wrote: 22 Feb 2023 20:36 The wife and I have a joint non registered account, have had it for 4 years.

I am the higher income earner so with excess money I have been putting into this account. So far the wife has not contributed.
If your wife grows her income to the point where she is able to contribute, consider opening a second joint account with her name first. You will end up with two joint accounts:

* "his" account: your name first, her name second. Your contributions go here. You pay all taxes.
* "her" account: her name first, your name second. Her contributions go here. She pays all taxes.

This is a common setup. It simplifies record keeping, tax attribution and estate administration.
by ig17
19 Feb 2023 12:20
Forum: Retirement, Pensions and Peace of Mind
Topic: Dealing with intestate death
Replies: 24
Views: 1399

Re: Dealing with intestate death

willowberry wrote: 19 Feb 2023 10:41 There are two joint accts (him first on one, me first on the other). I had tried to transfer the securities from his joint to mine online, but it wouldn't let me as the 'names' weren't the same. I will call to get that sorted.
Yes, TDDI customer service should be able to journal the holdings between two joint accounts. They verify that the names are the same, just in reverse order. There is no need to tell them that your partner is deceased. You may get an inexperienced rep who will be hesitant to effect the transfer even though you are not requesting anything illegal. I requested to transfer all positions from joint account A to joint account B. That's business as usual for them. Any information beyond that is unnecessary distraction.
by ig17
19 Feb 2023 10:23
Forum: Retirement, Pensions and Peace of Mind
Topic: Dealing with intestate death
Replies: 24
Views: 1399

Re: Dealing with intestate death

I don't even understand why the estate dept is involved. The JSWROS should be straight forward. I have my accounts already set up. They just need to transfer his accounts over. It's most frustrating (like I don't have enough to deal with). I don't understand either. In my case, the estate department wasn't involved in handling non-reg JTWROS accounts. They only handled RRSP and TFSA. Have you tried transferring individual account holdings as opposed to the entire account? I did the former. I was able to transfer everything myself, online, in WebBroker. JTWROS accounts are still open. I will close them after the tax season is over. I forgot to mention an important detail: To transfer assets online from a joint account to your individual acc...
by ig17
18 Feb 2023 21:19
Forum: Retirement, Pensions and Peace of Mind
Topic: Dealing with intestate death
Replies: 24
Views: 1399

Re: Dealing with intestate death

I wonder, @ig17 and @AltaRed (or anyone else who's dealt with an estate at TD/TDDI), if either of you have any advice to offer. Were you (or your son-in-law) ever able to deal directly with the estate dept at TD? Was it a matter of just waiting? Did you have to follow-up and bug them? I have heard nothing from them. I've contacted my contact at the local branch, who in turn contacts them. I wait, and don't hear anything. I don't even understand why the estate dept is involved. The JSWROS should be straight forward. I have my accounts already set up. They just need to transfer his accounts over. It's most frustrating (like I don't have enough to deal with). Yes, I dealt with them directly. 1-866-235-1974, 1 for English, 1 for Estates Custom...
by ig17
28 Jan 2023 00:52
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TD Direct Investing (was Waterhouse) Service
Replies: 3927
Views: 433373

Re: TD Direct Investing (was Waterhouse) Service

While out today I got a phone message from a fellow who says he's my new "TD Waterhouse" relationship manager. I know several folks here have TD RMs but they never offered that to me. When we connect what can I expect him to tell me and what should I ask him? I believe Waterhouse is now TD's full service brokerage. Are RMs for others here with Waterhouse, TD Bank or TDDI? I got a similar phone call two weeks ago, possibly from the same guy? He recently joined TDDI high value team; that enabled them to expand the service to new regions that were previously not covered. He works for TDDI but he said that he can also assist with other areas of TD business. Expect an introductory call. He will talk briefly about his experience at TD ...
by ig17
18 Jan 2023 10:25
Forum: Taxing Situations
Topic: ACB - transfer to JTWROS margin accounts
Replies: 13
Views: 766

Re: ACB - transfer to JTWROS margin accounts

RBC Dominion Securities appears to be in agreement with Questrade: transfers are done at fair market value. However, RBC-DS provides an exception for spouses. Page 6 At RBC Dominion Securities, transfers from sole ownership account to JTWROS are reported on Summary of Security Dispositions at fair market value for 100% of assets transferred in. Exception if opening account with spouse. [2] Page 7, footnote 2 At RBC Dominion Securities, all transfers from sole name accounts to tenants in common accounts or JTWROS accounts are done at fair market value, triggering a 100% disposition that is reported to you on the Summary of Security Dispositions. It is important that you seek advice from a qualified tax advisor on how to report this transacti...
by ig17
13 Jan 2023 16:26
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TD Direct Investing (was Waterhouse) Service
Replies: 3927
Views: 433373

Re: TD Direct Investing (was Waterhouse) Service

Bylo Selhi wrote: 13 Jan 2023 13:29 Note that the bonus is very attractive for small accounts. It works out to 10% on the minimum $3,000 needed to qualify for the promo. Compare with the puny 2% they're offering to high-rollers with a $million or the even worse 80bp bonus they're offering to $50k accounts.
$1,000,000 transfer = $2000 bonus. That's 0.2% not 2%.
by ig17
11 Jan 2023 16:20
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: First Home Savings Account (FHSA)
Replies: 116
Views: 12865

Re: First Home Savings Account (FHSA)

Department of Finance backgrounder: Opening and Closing Accounts  To open an FHSA, an individual must be a resident of Canada and at least 18 years of age. In addition, an individual must be a first-time home buyer, meaning that they have not owned a home in which they lived at any time during the part of the calendar year before the account is opened or at any time in the preceding four calendar years. For this purpose, ownership is defined broadly and includes beneficial ownership, but excludes a right to acquire less than 10% of a qualifying home. source: https://www.canada.ca/en/department-finance/news/2022/08/design-of-the-tax-free-first-home-savings-account.html "have not owned a home in which they lived " - this part is con...