ArcticCrusher Posted October 27, 2018 Share Posted October 27, 2018 43 minutes ago, smokin george said: They caved into the fuckers that don't want to wear a helmet while riding a motorcycle. Future Darwin Award recipients. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 27, 2018 Share Posted October 27, 2018 4 hours ago, 02sled said: More stupidity from the village idiot. Maybe if your bromance lover Trudope didn't give $B's away to the rest of the world that money could go into OAS. Yeah... and you get less at 60 than you do if you wait until 65 or 70. The break even point for most people is 75. At 75 you will have collected the same amount starting at 60 as you would had you started at 65. If you start at 60 and invest that money rather than spend it the ROI makes the break even point much closer to 79/80. Given that life expectancy for the average male is 80 it makes sense to collect at 60 rather than later. Especially considering when you die all the money you put into the system is forfeit. Personally I would have preferred to have been able to opt out of CPP contributions all my life and put the same amount into investments of my own. I would be much further ahead and whatever funds would be left when I die would go to family rather than the government. For sure, that and any company pension. If you calc the amount you would have prior to retirement forgoing the CPP and putting into a an RRSP assuming a lame 5% return it comes out to something like over 400K. Then double that for your spouse. Now assume a more normal 7.5% ROI and there are very few plans delivering more. CPP is the biggest scam underachiever ripoff in history. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 27, 2018 Share Posted October 27, 2018 2 hours ago, ArcticCrusher said: For sure, that and any company pension. If you calc the amount you would have prior to retirement forgoing the CPP and putting into a an RRSP assuming a lame 5% return it comes out to something like over 400K. Then double that for your spouse. Now assume a more normal 7.5% ROI and there are very few plans delivering more. CPP is the biggest scam underachiever ripoff in history. What about the companies share? do you want that too in payments? or just give up that part of your wages Just like Health Care this needs everyone involved and in the long run saves you rich guys money due to elders having some regardless if they can save or not...... Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 27, 2018 Share Posted October 27, 2018 47 minutes ago, 1trailmaker said: What about the companies share? do you want that too in payments? or just give up that part of your wages Just like Health Care this needs everyone involved and in the long run saves you rich guys money due to elders having some regardless if they can save or not...... I think the calcs included that. As for pension income it doesn't actually help. Let me know what you are missing? Quote Link to comment Share on other sites More sharing options...
02sled Posted October 27, 2018 Share Posted October 27, 2018 1 hour ago, 1trailmaker said: What about the companies share? do you want that too in payments? or just give up that part of your wages Just like Health Care this needs everyone involved and in the long run saves you rich guys money due to elders having some regardless if they can save or not...... As usual Fail... you don't grasp the concept. INSTEAD OF putting the money into CPP the employee/employer is required to put the same amount of money out of each pay cheque into a DC pension savings plan. I guarantee I would be getting much more from that DC than I will ever see from CPP. End result.... EVERYONE WHO HAD A JOB would have retirement income, more than CPP provides and when they die whatever is left goes to their family. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 28, 2018 Share Posted October 28, 2018 3 hours ago, 02sled said: As usual Fail... you don't grasp the concept. INSTEAD OF putting the money into CPP the employee/employer is required to put the same amount of money out of each pay cheque into a DC pension savings plan. I guarantee I would be getting much more from that DC than I will ever see from CPP. End result.... EVERYONE WHO HAD A JOB would have retirement income, more than CPP provides and when they die whatever is left goes to their family. and if the masses don't do that what happens? you pay for all the elders that are broke go away Nazi Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 28, 2018 Share Posted October 28, 2018 4 hours ago, ArcticCrusher said: I think the calcs included that. As for pension income it doesn't actually help. Let me know what you are missing? Trail arm and a ski, bunch of nuts and bolts can you help? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 28, 2018 Share Posted October 28, 2018 9 hours ago, 1trailmaker said: Trail arm and a ski, bunch of nuts and bolts can you help? Your missing screws and nuts are in the same place where you lost your marbles. Can't help you with the limbs. Quote Link to comment Share on other sites More sharing options...
02sled Posted October 28, 2018 Share Posted October 28, 2018 20 hours ago, 1trailmaker said: and if the masses don't do that what happens? you pay for all the elders that are broke go away Nazi You really are clueless. Unless you provide proof that you are contributing to a plan of your own with a receipt in the correct amount when you file your taxes for the year then it becomes money owing as part of your income tax return. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 28, 2018 Share Posted October 28, 2018 46 minutes ago, 02sled said: You really are clueless. Unless you provide proof that you are contributing to a plan of your own with a receipt in the correct amount when you file your taxes for the year then it becomes money owing as part of your income tax return. so you are okay with the forced savings didn't see that coming Quote Link to comment Share on other sites More sharing options...
02sled Posted October 29, 2018 Share Posted October 29, 2018 1 hour ago, 1trailmaker said: so you are okay with the forced savings didn't see that coming What the hell do you think CPP is.... those forced contributions are everywhere. Company pensions DB or DC tend to be compulsory as a condition of employment. EI is contributions are forced even though for most they will never collect a cent or those that do never come close to what they put into it. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 29, 2018 Share Posted October 29, 2018 12 hours ago, 1trailmaker said: so you are okay with the forced savings didn't see that coming Pretty much needed since many would postpone it ending up with nothing. What I don't like is the one size fits all structure of CPP and most defined pension plans, it actually hurts the young people starting out if they have even a remedial level of investment knowledge. DC's are they way to go with options of where to invest, pure equities (Canadian, Global, US, International), or Balanced (Canadian, Global, US, International) or fixed income () for those who shot themselves in the foot and are fucked royally. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 29, 2018 Share Posted October 29, 2018 11 hours ago, 02sled said: What the hell do you think CPP is.... those forced contributions are everywhere. Company pensions DB or DC tend to be compulsory as a condition of employment. EI is contributions are forced even though for most they will never collect a cent or those that do never come close to what they put into it. I refused to join a company DC plan when I started a new job back when I was in my mid 20's, it was known upfront and they accepted. Later after about 2 years they recanted and tried to force me to join, it was a DC with an ROI of about 2%. I had just come from another company where my pension transfer after 3 years amounted to less than $700 and refused to continued down that road. I actually helped them them to find a more acceptable plan, while they didn't take my suggestion of contributions into one's own SDRRSP, we settled for a plan with AETNA that had various options (Equity, Balanced, GIC's etc) that would meet individual's needs. I would have walked if I was forced to remain in the existing plan. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 29, 2018 Share Posted October 29, 2018 Spot on Jordan. 1 2 Quote Link to comment Share on other sites More sharing options...
02sled Posted October 29, 2018 Share Posted October 29, 2018 56 minutes ago, ArcticCrusher said: Spot on Jordan. Boy did he nail it... Nothing there... that sums up Trudope so well. Calls him a weasel. Quote Link to comment Share on other sites More sharing options...
dirtybeacher Posted October 29, 2018 Share Posted October 29, 2018 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 29, 2018 Share Posted October 29, 2018 (edited) Well said. https://www.theglobeandmail.com/business/commentary/article-dear-justin-trudeau-canadian-tech-companies-need-your-support-too/ Edited October 29, 2018 by ArcticCrusher Quote Link to comment Share on other sites More sharing options...
Momorider Posted October 30, 2018 Share Posted October 30, 2018 10 hours ago, 02sled said: Boy did he nail it... Nothing there... that sums up Trudope so well. Calls him a weasel. TrueJet is a steaming pile no doubt Quote Link to comment Share on other sites More sharing options...
irv Posted October 30, 2018 Share Posted October 30, 2018 11 hours ago, ArcticCrusher said: Spot on Jordan. Yep, he nailed it! Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted October 30, 2018 Share Posted October 30, 2018 Doug is loving the new attention and being Named by the Prime Minister. 2019 is going to be interesting Quote Link to comment Share on other sites More sharing options...
Tinker Posted October 30, 2018 Share Posted October 30, 2018 Another abomination to watch https://www.cbc.ca/news/politics/immigration-levels-2018-canada-1.4347339 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 31, 2018 Share Posted October 31, 2018 Another Trudeau fail. "Taken out of context" https://business.financialpost.com/opinion/terence-corcoran-ignore-trudeaus-carbon-tax-chorus-nobel-economists-arent-backing-this-plan Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 31, 2018 Share Posted October 31, 2018 No, not a dictator. https://www.thestar.com/politics/political-opinion/2018/10/31/heres-the-trouble-with-trudeaus-election-debate-plan.html Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 31, 2018 Share Posted October 31, 2018 Poor Fagmeat, call a by-election already Justin. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 1, 2018 Share Posted November 1, 2018 Taking credit for a riddle that has alrrady been solved. https://www.mtlblog.com/news/canadians-are-furious-at-trudeaus-announcement-of-a-new-equal-pay-law-for-men-and-women Quote Link to comment Share on other sites More sharing options...
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