Search found 137 matches

by GreatLaker
17 Feb 2018 15:26
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 32
Views: 669

Re: Annuities

In my plan the commuted value or annuity option is available when you retire. I've confirmed this with hr. I doubt that very much and suggest you ask the pension plan's administrator or, better yet, check the member materials published by the pension plan. DB plans are able to guarantee benefits fo...
by GreatLaker
17 Feb 2018 12:43
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Advice for Elderly Relative (Early 90s)
Replies: 26
Views: 945

Re: Portfolio Advice for Elderly Relative (Early 90s)

Our current objective is to consolidate all the asset accounts at one FI, mainly for simplicity but also to get better rates. Currently have 4: TD, TDDI, CIBC and Tangering. The RRIF is at TDDI, and have a chequing account at TD, so TDDI is the target for all the asset accounts. Is TDDI the best cho...
by GreatLaker
15 Feb 2018 15:07
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Advice for Elderly Relative (Early 90s)
Replies: 26
Views: 945

Re: Portfolio Advice for Elderly Relative (Early 90s)

If I remember Finance 101, short term bonds got hit harder because while rates went up, short term rates went up more, as the yield curve flattened. But still, I believe one of the fundamental tenets of fixed income is to align duration with timeline for needing the funds. I don't think it is wise f...
by GreatLaker
13 Feb 2018 13:16
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Advice for Elderly Relative (Early 90s)
Replies: 26
Views: 945

Re: Portfolio Advice for Elderly Relative (Early 90s)

I checked with TD again on cost for early redemption of a GIC and this is the response I got (specifically related to GICs purchased within TDDI from non-TD issuers): With respects to charges to cash out GIC's upon death for non TD GIC's there would be no charge. The process would be started when no...
by GreatLaker
12 Feb 2018 21:26
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Advice for Elderly Relative (Early 90s)
Replies: 26
Views: 945

Re: Portfolio Advice for Elderly Relative (Early 90s)

Thanks everyone for your continued ideas, especially DanH for sharing your detailed thoughts and experience. Yes the investor is still well aware of what's going on and capable of making decisions but has a hard time with too much information and is not savvy regarding investing. We had a chat today...
by GreatLaker
10 Feb 2018 22:37
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Advice for Elderly Relative (Early 90s)
Replies: 26
Views: 945

Re: Portfolio Advice for Elderly Relative (Early 90s)

AR, gsp, OGG, thank you for the advice. I did not know about the cost to redeem a GIC in the event of the holder's death. The only inevitable things in life are death, taxes and, apparently, bank fees. I will look at BXF in more detail. Short duration and tax efficient should work in the non-reg acc...
by GreatLaker
09 Feb 2018 12:40
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Advice for Elderly Relative (Early 90s)
Replies: 26
Views: 945

Portfolio Advice for Elderly Relative (Early 90s)

I have recently been appointed power of attorney for an elderly relative (early 90s) and am seeking advice on best way to position the portfolio. The main issue is there are 3 chequing accounts, 4 TFSAs, 2 non-registered savings accounts and 1 RRIF, scattered across 3 financial institutions. There i...
by GreatLaker
07 Feb 2018 19:58
Forum: Financial News, Policy and Economics
Topic: market crash Feb 2018
Replies: 70
Views: 1741

Re: market crash Feb 2018

Something happened in the market? I was out enjoying my retirement. :ugeek:

As s rookie investor on Black Monday 1987 I was 100% equities and highly leveraged. What me worry. :rofl:
by GreatLaker
06 Feb 2018 17:20
Forum: Retirement, Pensions and Peace of Mind
Topic: Variable Percentage Withdrawal (VPW) for Canadians
Replies: 179
Views: 13387

Re: Variable Percentage Withdrawal (VPW) for Canadians

Gibor, Regarding VPW table...Assume I start at age 55, my% 4.2%, amount $1,500,000, I can withdraw $63,000. However, at age 60 I start getting $3,000 CPP, at age 65 $5,000 OAS, and at age 57, $10,000 DB.. Thus, by how much I can increase those $63,000 starting 55? First, regarding OAS and CPP: Dela...
by GreatLaker
06 Feb 2018 16:55
Forum: Financial Planning and Building Portfolios
Topic: Recommended fee-only financial planner in or near Toronto?
Replies: 18
Views: 2266

Re: Recommended fee-only financial planner in or near Toronto?

Aside from word of mouth how does one chose a competent planner from the huge number of choices one is available? I can only speak to my experience. Some years ago, I also used one of the fee for service planners on the list. She was fantastic. I had hummed and hawed for quite some time about it an...
by GreatLaker
28 Jan 2018 19:05
Forum: Retirement, Pensions and Peace of Mind
Topic: Continuing Power of Attorney for Property
Replies: 13
Views: 301

Re: Continuing Power of Attorney for Property

GreatLaker if I understood correctly, all of the originals (to multiple FIs and your mother) were created identically, that is Grantor, Attorney, Witnesses, information and signatures and most importantly the Date, correct ? Yes that's exactly what was done. The lawyer prepared the CPOAP and made m...
by GreatLaker
27 Jan 2018 14:51
Forum: Retirement, Pensions and Peace of Mind
Topic: Continuing Power of Attorney for Property
Replies: 13
Views: 301

Re: Continuing Power of Attorney for Property

The lawyer that did the CPOAP for my mother anticipated that and suggested that one signed original be done for each FI plus one additional for Mom to keep. Only works at the time the original is created of course. The bank accepted the original without question. So it seems like a notarized copy wo...
by GreatLaker
24 Jan 2018 22:55
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TDDI - New WebBroker interface
Replies: 181
Views: 11280

Re: TDDI - New WebBroker interface

Thanks everyone. I have general continuing Power of Attorney and the TD rep said I can do anything on the TDCT and TDDI accounts including deposits, withdrawals, security trades and signing cheques. I cannot open new accounts. I have an access card with my own PIN, plus a PIN for phone banking, and ...
by GreatLaker
24 Jan 2018 12:53
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TDDI - New WebBroker interface
Replies: 181
Views: 11280

Re: TDDI - New WebBroker interface

I login using my wife's user ID when I need to make transfers between her accounts. So do I. I once let that slip out, and the TD sales rep was appalled, then pretended not to have heard. Since I had been on hold for nearly an hour anyway, I thought I would ask when I would be able to transfer mone...
by GreatLaker
18 Jan 2018 10:08
Forum: Financial Planning and Building Portfolios
Topic: How Did You Do in 2017?
Replies: 111
Views: 4132

Re: How Did You Do in 2017?

They do, except that performance can only be aggregated for all accounts under the same 6 digit root account. I have 2 LIRAs, each under a different root account from my non-LIRA accounts, so TD cannot display performance for my entire portfolio. I use Longinvest's wonderful Boglehead spreadsheet a...
by GreatLaker
17 Jan 2018 11:01
Forum: Financial Planning and Building Portfolios
Topic: How Did You Do in 2017?
Replies: 111
Views: 4132

Re: How Did You Do in 2017?

It seems to me that the DIY brokers have pretty good performance tools now. I think TDDI does for sure. I’m considering dropping all my performance IRR spreadsheets and just using their performance metrics. They do, except that performance can only be aggregated for all accounts under the same 6 di...
by GreatLaker
17 Jan 2018 10:53
Forum: Financial Planning and Building Portfolios
Topic: How Did You Do in 2017?
Replies: 111
Views: 4132

Re: How Did You Do in 2017?

I have a basic 60/40 retired guy indexed couch portfolio. 40% fixed income is split half into 5-year GIC ladder, and half into VAB. 60% equity is split 1/3 each into ETFs for Canada, US and global (including EM). TWRR (Bogleheads spreadsheet): 1 year 9.8%, 3 year 7.1%, 5 year 8.5% MWRR (Excel XIRR):...
by GreatLaker
09 Jan 2018 17:14
Forum: Under the Mattress: Protecting Your Money
Topic: Old, Odd, and/or Out of Circulation Coins
Replies: 14
Views: 395

Re: Old, Odd, and/or Out of Circulation Coins

A little off topic but the coin collectors in the crowd should appreciate this wonderful story. The owner of the coin collection inherited it from his grandfather. He was the minister at our church in the 1970s. He was the nicest, happiest most unassuming man you could ever imagine. Who could have g...
by GreatLaker
11 Dec 2017 21:03
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA Contribution 2018
Replies: 72
Views: 3179

Re: TFSA Contribution 2018

Contribution rows out to 2047 ? Someone is hopeful... :P If I live as long as my Mom's current age I will run out of rows. And she is optimistically talking about living another 10 years. :beer: If you need a spreadsheet to track your TFSA withdrawals and deposits IMO you might not be using it to i...
by GreatLaker
11 Dec 2017 08:02
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA Contribution 2018
Replies: 72
Views: 3179

Re: TFSA Contribution 2018

Here is a spreadsheet I created to track TFSA room for up to three accounts:
https://www.dropbox.com/s/5fv3nq74xzl45 ... .xlsx?dl=0
by GreatLaker
21 Oct 2017 07:37
Forum: Financial Planning and Building Portfolios
Topic: Intro/portfolio help
Replies: 37
Views: 2070

Re: Intro/portfolio help

The three ETFs you propose for your 25% international are not equivalent. XAW and VXC are all world ex-Canada funds, i.e. USA, global developed and emerging markets. XEF is global developed markets only, i.e. no USA and no emerging markets. You could achieve your target allocation with 50% XAW or VX...
by GreatLaker
16 Oct 2017 18:18
Forum: Under the Mattress: Protecting Your Money
Topic: Tangerine
Replies: 38
Views: 3624

Re: Tangerine

Ever try calling the 24 hour Tangerine after 6pm lately? Good luck getting through. Tangerine always has a long wait time these days. Perhaps if they reassigned the people who redesigned the website to a "worse version" and rather put them on the phones to deal with clients ....... rant rant..... H...
by GreatLaker
06 Oct 2017 12:00
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 193
Views: 17681

Re: Any questions about CPP?

kcowan wrote:
06 Oct 2017 11:39
GreatLaker wrote:
06 Oct 2017 06:08
Written by Doug Runchey gives detailed calculations https://retirehappy.ca/how-to-calculate ... t-pension/
Is that not Dogger?
Yes... article on Jim's Retire Happy site written by the esteemed Dogger.
by GreatLaker
06 Oct 2017 06:08
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 193
Views: 17681

Re: Any questions about CPP?

Jim Yih has several articles on his blog addressing when to take CPP and how much it will pay: https://retirehappy.ca/search/?q=when%20to%20take%20CPP How to calculate your CPP retirement pension Written by Doug Runchey gives detailed calculations https://retirehappy.ca/how-to-calculate-your-cpp-ret...
by GreatLaker
29 Sep 2017 19:59
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 2207

Re: Does bonds in RRSP/TFSA still make sense?

Here is an interesting perspective from Jim Dahl at The White Coat Investor. https://www.whitecoatinvestor.com/asset-location-bonds-go-in-taxable/ Note that the article is written about US tax rates and investment products. He concludes that it is more optimal to keep bonds in a taxable account. But...