Search found 2533 matches

by CROCKD
22 Mar 2024 13:20
Forum: Retirement, Pensions and Peace of Mind
Topic: Blackrock whitepaper on spending in retirement
Replies: 45
Views: 2091

Re: Blackrock whitepaper on spending in retirement

With the current rise in the stock market we need to increase our travel budget to keep up with VPW. When I see an old person driving a ridiculously expensive sports car my first thought is “oops that person didn’t spend enough in their early retirement and now they were forced to blow it in their later years” or “oops that person kept working too long they should have retired sooner so they would have had more years to spend their money” You really do not need to 'keep up' with VPW. It really just gives you an ongoing spending plan (year to year or month to month you name it) There really is nothing to prevent you saving some or giving it away. For a senior in an expensive car see my post in Humour (2024) on Wednesday. https://www.financi...
by CROCKD
20 Mar 2024 14:48
Forum: Community Centre
Topic: Humour (2024)
Replies: 8
Views: 1178

Re: Humour (2024)

A Florida senior citizen drove his brand new Corvette convertible out of the dealership. Taking off down the road, he pushed it to 80 mph, enjoying the wind blowing through what little hair he had left. "Amazing," he thought as he flew down I-75, pushing the pedal even more. Looking in his rear view mirror, he saw the State-Trooper behind him, blue lights flashing and siren blaring. He floored it to 100 mph, then 110, then 120. Suddenly he thought, "What am I doing? I'm too old for this," and pulled over to await the trooper's arrival. Pulling in behind him, the trooper walked up to the Corvette, looked at his watch and said, "Sir, my shift ends in 30 minutes. Today is Friday. If you can give me a reason for speedin...
by CROCKD
16 Mar 2024 09:37
Forum: Financial News, Policy and Economics
Topic: Boeing
Replies: 6
Views: 412

Boeing

This is an opinion piece which appeared in yesterday's G & M. It is behind the paywall. Boeing’s woes are a perfect example of how nickel-and-diming ends up crushing a company It is posted here as it applies to Financial News. However as the author also notes. To be sure, because of the scrutiny on Boeing, every incident is capturing media attention. It’s important to note that every day thousands of Boeing aircraft around the world complete their journeys without incident. He also says that Investors should be bringing more pressure to bear on the company to pay attention to the small things at the root of its big problems I remember reading that the culture of Boeing changed with their merger with McDonnell Douglas in 1997 going from ...
by CROCKD
14 Mar 2024 15:53
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BMO Investorline
Replies: 1278
Views: 198062

Re: BMO Investorline

Thanks AR for the quick reply/confirmation.
by CROCKD
14 Mar 2024 15:42
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BMO Investorline
Replies: 1278
Views: 198062

Re: BMO Investorline

BMOIL lists 3 HISAs in $C all currently paying 4.75%. They are BMT104 (BMO), BMT109 (BMMC) , BMT114 (Trust Co). Their list say they are CDIC eligible.

Does anyone know if these would be considered separate entities for CDIC coverage?
by CROCKD
03 Feb 2024 11:33
Forum: Retirement, Pensions and Peace of Mind
Topic: A Simple Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 608
Views: 130502

Re: A Simple Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

CPP is updated each January for the year. OAS is updated in January and then adjusted quarterly.
by CROCKD
31 Jan 2024 17:08
Forum: Financial News, Policy and Economics
Topic: DUCA
Replies: 3
Views: 526

Re: DUCA

Thanks NormR. That's the sort of evaluation I was hoping to hear from someone.
by CROCKD
31 Jan 2024 16:56
Forum: Financial News, Policy and Economics
Topic: DUCA
Replies: 3
Views: 526

DUCA

As a long time member of the DUCA credit union (35+ years) which used to be a low key credit union, this report concerns me.
From today's G & M, behind the paywall.

Lead lender to Sam Mizrahi and Edward Rogers’ condo project alleges loan default, requests court-appointed receiver

In recent years DUCA has actively solicited deposits (see the mention of it in the thread in FWF on High Interest Savings and on RFD) which has involved a lot of people who had never previously heard of it becoming members to take advantage of high interest rates.
I would be interested to hear an opinion from someone more knowledgeable than I if this loan could imperil DUCA's existence.
by CROCKD
31 Jan 2024 16:31
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Consolidation of TFSA
Replies: 6
Views: 543

Re: Consolidation of TFSA

Thanks for the replies as I have a lot more VBAL to buy in my pension accounts later this year.
by CROCKD
31 Jan 2024 15:06
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Consolidation of TFSA
Replies: 6
Views: 543

Consolidation of TFSA

I am in the process of moving my TFSA towards a single balanced ETF, in this case VBAL.

Having sold some equity and mutual funds I want to BUY about 1500 to 2000 shares of VBAL.

Any advice on how to do this without disturbing the day's trading - presumably some kind of limit order.?
by CROCKD
23 Jan 2024 14:40
Forum: Community Centre
Topic: RIP 2024
Replies: 34
Views: 2804

Re: RIP 2024

According to the Wikipedia synopsis Norman Jewison was born in Toronto on July 21 1926 - a long way from Switzerland.
by CROCKD
21 Jan 2024 14:15
Forum: Financial News, Policy and Economics
Topic: Clippings 2024
Replies: 129
Views: 10325

Re: Clippings 2024

EV’s are certainly getting a “bumpy” reception these days. Keep in mind the source though. WSJ will generally be anti Biden given their ownership. Is there any doubt that eventually EV’s will replace ICE’s? I would say not. It’s only the timing and implementation that’s debateable. Agreed. At least with the media reporting on the debacle with the TESLAs in Chicago, there was another article on how NORWAY with the largest % of electric vehicles of any nation and cold winter temperatures handles their ownership. They even use electric vehicles up in Lapland. From what I read most Norwegians live in house and have home chargers. They also preheat their batteries before their average 1/2 hour commute to work. Living in Montreal when I first ca...
by CROCKD
21 Jan 2024 11:03
Forum: Financial Planning and Building Portfolios
Topic: Best online broker for RESP
Replies: 23
Views: 924

Re: Best online broker for RESP

I considered opening an RESP account for my eldest grand daughter when she was born (she will turn 10 next week). I now have 3 grand daughters. I decided I would give my son the money and let him open it and administer it as he is financially literate. He has his account at TDDI and is generally satisfied with it. He has had to occasionally talk to an agent to sort out the odd issue. I send him the occasional item that I see on the FWF thread. I don't ask details but he has volunteered that my eldest grand has reached the $50K limit. He says that the account is all invested in VGRO. PS. QTrade seems like a pretty good bet. They consistently rank No. 1 in Carrick's G&M annual review. If I did'nt have well established accounts at BMOIL in...
by CROCKD
18 Jan 2024 15:09
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2024 Predictions Contest
Replies: 39
Views: 3293

Re: 2024 Predictions Contest

S&P 500: 5342
TSX: 22175
OIL: 75
GOLD: 2100
CAD: 0.75
by CROCKD
17 Jan 2024 20:21
Forum: Community Centre
Topic: What are you listening to now?
Replies: 100
Views: 9351

Re: What are you listening to now?

An interesting list from Rolling Stone. The 250 Greatest Guitarists.

I like classical guitar, bossa nova etc but being partial to Clapton, Van Halen, Mark Knopfler and Stevie Ray Vaughan among others, obviously I am revealing my age and a preference for rock.

The 250 Greatest Guitarists
by CROCKD
02 Dec 2023 22:30
Forum: Community Centre
Topic: Good and/or Underrated Movies and TV shows
Replies: 2489
Views: 97892

Re: Good and/or Underrated Movies and TV shows

Adapted from a book by Graham Greene, I just watched this movie

The Quiet American (2002)

Available on Amazon Prime

Set in Vietnam in the period while the French were still there and the Americans were getting involved with the OSS (CIA) prior to their full involvement in the Vietnam war it paints a picture of Saigon, today Ho Chi Minh City.
by CROCKD
29 Oct 2023 14:45
Forum: Community Centre
Topic: good reads
Replies: 70
Views: 5341

Re: good reads

By Martin Cruz Smith author of the memorable Gorky Park, his protagonist, Detective Arkaday Renko finds himself involved in an investigation which takes him to modern day Ukraine and Crimea.
Independence Square
by CROCKD
30 Sep 2023 11:05
Forum: Community Centre
Topic: Good and/or Underrated Movies and TV shows
Replies: 2489
Views: 97892

Re: Good and/or Underrated Movies and TV shows

Good movie about human trafficking. On Prime

Trade
by CROCKD
27 Sep 2023 19:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BMO Investorline
Replies: 1278
Views: 198062

Re: BMO Investorline

If you are someone who is frustrated * by an inability to contact BMOIL online, you can use this facility

Communicate

* 2.0 still has its shortcoming by its menus not being obvious and clear
by CROCKD
24 Sep 2023 12:40
Forum: Under the Mattress: Protecting Your Money
Topic: VISA - Resolving Fraudulent charges
Replies: 39
Views: 3491

Re: VISA - Resolving Fraudulent charges

Last year approaching Christmas I got a call from HT Visa about suspicious charges on my card. Confirming that I had not made them they said they would investigate, cancelled the card and made provision to issue a new one. I had used it to purchase small Christmas gifts online for a relative. I could tell from one item that had been reversed after accepting the order which retailer where it was probably hacked. After trying it out at a small variety store the perpetrator had used it to buy gasoline at a local station. Despite providing this information the bank was not interested but just carried out their normal procedures in such cases i.e card cancellation and issue of a new card. Obviously the banking industry considers this a cost of d...
by CROCKD
23 Sep 2023 14:16
Forum: Retirement, Pensions and Peace of Mind
Topic: Estate Planning
Replies: 4
Views: 1097

Re: Estate Planning

Thanks to Norbert for pointing out issues with these strategies. Tim Cestnick did allude to legal issues.

My summary was an attempt to provide a summary for Poedin.

My RRIF contract at BMOIL does name my spouse as successor annuitant and my children as beneficiaries. (NOT IRREVOCABLE)

However it also contains the following clause

"If I have designated both a successor annuitant below and a beneficiary(ies) above, and both are alive at my death, then the designation of successor annuitant takes precedence."
by CROCKD
22 Sep 2023 16:14
Forum: Retirement, Pensions and Peace of Mind
Topic: Estate Planning
Replies: 4
Views: 1097

Re: Estate Planning

Option 1 naming your spouse as the successor annuitant can allow you to control your RRIF assets after you’re gone. For example, you can ensure that your surviving spouse receives an income from the RRIF but that your children will receive the balance of the RRIF when your spouse dies (good in a second marriage situation, for example). How? By naming your spouse as the successor annuitant and your children as irrevocable beneficiaries of your RRIF Option 2 Wilma and Betty are sisters, both single. They turned 72 last year, and each has a RRIF. Let’s assume they can earn 5 per cent annually on their investments and have a marginal tax rate of 30 per cent. Let’s also assume they both live to age 90 and will face tax in their year of death at...
by CROCKD
21 Sep 2023 12:53
Forum: Retirement, Pensions and Peace of Mind
Topic: Estate Planning
Replies: 4
Views: 1097

Estate Planning

Interesting RRIF strategies from an article in today's G & M by Tim Cestnick for those who have access as it is behind the paywall.

Two smart RRIF strategies to consider as part of your estate planning