Search found 39 matches

by Stan_W
16 Dec 2017 15:34
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 193
Views: 17378

Re: Any questions about CPP?

Although the new legislation hasn't been written yet, I don't think that the drop-in provisions replace the dropout provisions, because they apply only to the "enhanced CPP" calculations which apply only to periods from 2019 onwards and replaces only 8.33% of the earnings up to the YMPE and 33.33% ...
by Stan_W
15 Dec 2017 13:40
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 193
Views: 17378

Re: Any questions about CPP?

Hmm.. interested in hearing thoughts on this. I'm of two minds about it. New round of CPP changes end age restrictions on survivor benefits http://nationalpost.com/pmn/news-pmn/canada-news-pmn/new-round-of-cpp-changes-end-age-restrictions-on-survivor-benefits I'm wondering how switching from the ch...
by Stan_W
20 Oct 2017 13:44
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Sears Canada (Symbol-SCC)
Replies: 71
Views: 3388

Re: Sears Canada (Symbol-SCC)

If you paid for an extended warranty with a credit card, would the cc company refund you if you disputed the charge? I found this info regarding chargebacks: 1. Act promptly. According to Fleming, many complainants don't qualify for a chargeback because they didn't raise their concerns or provide re...
by Stan_W
21 Jun 2017 14:55
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 222
Views: 6714

Re: CPP Rules - Fred Vettese article

While one could maximally contribute to CPP for 47 years, between the ages of 18 and 65, one would not accumulate more benefits than maximally contributing for 39 years. For such a maximal contributor, this represents 8 years of lost contributions. In addition, if you work past age 65 and do not st...
by Stan_W
30 Mar 2017 14:47
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 222
Views: 6714

Re: CPP Deferral debate - Fred Vettese article discussion

I'm planning to defer to age 70. I see it as an indexed annuity where I get $840 per year starting at age 70 for every $10,000 that I forgo. In addition, I'll have an almost maximum CPP while my wife will have less than 40% of the maximum. This means that she will take full advantage of the survivor...
by Stan_W
14 Mar 2017 11:26
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 193
Views: 17378

Re: Any questions about CPP?

The G&M published this article recommending delaying taking CPP until age 70. http://www.theglobeandmail.com/globe-investor/retirement/retire-planning/how-deferring-cpp-until-age-70-pays-off-for-retirees/article34209897/ Could the five years of zero contributions affect the payout? In my case, I'll...
by Stan_W
06 Mar 2017 13:20
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 193
Views: 17378

Re: Any questions about CPP?

The G&M published this article recommending delaying taking CPP until age 70. http://www.theglobeandmail.com/globe-investor/retirement/retire-planning/how-deferring-cpp-until-age-70-pays-off-for-retirees/article34209897/ Could the five years of zero contributions affect the payout? In my case, I'll ...
by Stan_W
05 Mar 2017 15:33
Forum: Under the Mattress: Protecting Your Money
Topic: Foreign ATM Withdrawals-Debit vs No FX Fee Credit cards
Replies: 53
Views: 3052

Re: Foreign ATM Withdrawals-Debit vs No FX Fee Credit cards

I withdrew 4000 pesos plus a 31 peso ATM fee in PV two weeks ago. The cost was 265.87, so the rate was 15.16 pesos per dollar. IIRC, the rate on xe.com was about 15.5.There was also a $5.00 charge from CIBC.
by Stan_W
22 Oct 2016 21:01
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 193
Views: 17378

Re: Any questions about CPP?

Thanks Dogger. Since my birthday is in November, I plan to retire in January of the year following my 65th birthday so that my pre-retirement allowance and accumulated vacation are paid in the next tax year. Is there an option to not pay into CPP? (It seems that I would have to be taking CPP in ord...
by Stan_W
21 Oct 2016 14:16
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 193
Views: 17378

Re: Any questions about CPP?

I just read this article regarding postponing starting CPP and OAS benefits to age 70. http://business.financialpost.com/personal-finance/retirement/why-you-should-wait-until-you-are-70-to-collect-cpp-benefits Do the "no income" years after 65 affect the amount of the CPP? Assuming that I will get ...
by Stan_W
21 Oct 2016 09:07
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 193
Views: 17378

Re: Any questions about CPP?

I just read this article regarding postponing starting CPP and OAS benefits to age 70. http://business.financialpost.com/personal-finance/retirement/why-you-should-wait-until-you-are-70-to-collect-cpp-benefits Do the "no income" years after 65 affect the amount of the CPP? Assuming that I will get t...
by Stan_W
26 Sep 2016 14:35
Forum: Retirement, Pensions and Peace of Mind
Topic: Public vs Private Pension - Envy and Debate
Replies: 906
Views: 57008

Re: Public vs Private Pension - Envy and Debate

I didn't mean the term "handcuff" to be entirely negative, simply a disincentive to look elsewhere for employment. I'll only have 22 years of service when I plan to retire, so my pension may be, at best, silver or bronze handcuffs, but will still help pay the bills. We have recently elected a Conser...
by Stan_W
25 Sep 2016 17:23
Forum: Retirement, Pensions and Peace of Mind
Topic: Public vs Private Pension - Envy and Debate
Replies: 906
Views: 57008

Re: Public vs Private Pension - Envy and Debate

I work in IT in the public sector and I agree with fraser. Most of us have started at entry level positions and worked our way up. At that point, the pension becomes a golden handcuff. Job postings are often mentioned at our monthly meetings and it is not uncommon to hear that a job is being reposte...
by Stan_W
23 Sep 2016 14:22
Forum: Under the Mattress: Protecting Your Money
Topic: Consumer Gullibility
Replies: 63
Views: 5243

Re: Consumer Gullibility

Thanks Keith. Just put in an order to DORCO. My thanks also, Keith. I shave my head and also take a blood thinner, so avoiding cuts is very important to me. I have been using a Gilette Fusion for 10 years. The blades are very expensive, but it is worth it to me. I received my order from Dorco a cou...
by Stan_W
14 Jun 2016 14:30
Forum: Under the Mattress: Protecting Your Money
Topic: Walmart and VISA
Replies: 68
Views: 3599

Re: Walmart and VISA

I am planning to replace my hearing aids this fall, so I stopped in at the desk in Costco to check prices. Beside the hearing aids being quite a bit cheaper, using a Costco credit card will add 2 years to the normal 2 or 3 year warranty. I needed some work on my current hearing aids after the warran...
by Stan_W
03 Jun 2016 13:31
Forum: Under the Mattress: Protecting Your Money
Topic: Good customer service
Replies: 111
Views: 11367

Re: Good customer service

In the same vein as some employees don't care that much about corporate profit from the "happy customer" point of view, some employees also don't care that much about corporate profit from a dealing with hassles point of view (i.e. they will give discounts/refunds to make headaches go away). I've b...
by Stan_W
02 Jun 2016 13:11
Forum: Under the Mattress: Protecting Your Money
Topic: Good customer service
Replies: 111
Views: 11367

Re: Good customer service

Flaccid is correct. Many years ago, I was a desk clerk in a major hotel. A big guy approached the desk and was an a$$hole from the word go. He was on a corporate rate, which meant that I could assign him any room. I gave him a room with twin beds. The bellman took him up and two minutes later he ca...
by Stan_W
01 Jun 2016 14:25
Forum: Under the Mattress: Protecting Your Money
Topic: Good customer service
Replies: 111
Views: 11367

Re: Good customer service

Personally I try to increase the odds that I get good customer service by being very friendly. Psychologically it's difficult for an employee to give bad service to a person who's friendly and interested in their life/hardships/etc. They'll fight harder for you and jump through hoops where, with a ...
by Stan_W
12 Dec 2015 15:58
Forum: Financial Planning and Building Portfolios
Topic: Age of retirement
Replies: 51
Views: 2497

Re: Age of retirement

I plan to retire at about 65.5 years of age (I`m 63 now). We are looking at a modest retirement with a small DB pension, one CPP at almost maximum and one very small, OAS x 2 and RRSPs/TFSAs/non-reg. I just passed 20 years on the pension plan and I`ll be choosing 100% survivor benefit, so the pensio...
by Stan_W
03 Dec 2014 14:27
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: value analysis - rent vs purchase
Replies: 70
Views: 5970

Re: value analysis - rent vs purchase

Ugh. I didn't know about rent control in Manitoba. Thanks. It's not that difficult to get around the rent controls in MB. I rented an apartment for the last five years and the lowest increase I had was 4.8%. The Tenancies Branch allowed all kinds of expenses as capital improvements as well as addin...
by Stan_W
01 Oct 2014 14:02
Forum: Financial News, Policy and Economics
Topic: property tax vs sales tax
Replies: 13
Views: 1345

Re: property tax vs sales tax

When I was younger and my income low, I spent most of my money on rent, food and children's clothing, all of which were exempt from sales tax. Most of the sales tax I paid was for auto expenses and some clothing for myself which were somewhat discretionary.
by Stan_W
27 Aug 2014 14:45
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Buying a house through a private listing - things to know
Replies: 5
Views: 2044

Re: Buying a house through a private listing - things to kno

I tried selling real estate for a couple of years in the early 90's and things may have changed since then, but here are a few comments. People selling their own houses tend to overvalue them. They remember the $15,000 they spent on redoing the bathroom in 2003 and think they should be reimbursed. T...
by Stan_W
26 Jul 2013 17:12
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you buy? What might you buy? (2013)
Replies: 533
Views: 48326

Re: What did you buy? What might you buy? (2013)

Mike Schimek wrote:
Not sure what you mean here, 5 years ago it was 68.63, now it's 38.35, a decline of 44% (mitigated a bit by dividends)
I think you're missing the 3 for 1 split in 2011.
by Stan_W
18 Jul 2013 20:58
Forum: Under the Mattress: Protecting Your Money
Topic: Shopping Bargains
Replies: 326
Views: 30754

Re: Shopping Bargains

An interesting read about Costco markdowns.


http://lenrapoport.hubpages.com/hub/Sec ... -At-Costco
by Stan_W
19 May 2013 12:43
Forum: Now Hear This!
Topic: Use of Stock Symbols
Replies: 25
Views: 1077

Re: Use of Stock Symbols

I read the boards every day or two, but post infrequently since I am mostly in learning mode. I don't mind the use of symbols since I recognize the most common ones and I'm likely to want more info on a company that interests me, so I will be googling anyway. The one thing that does confuse me is wh...