1trailmaker Posted August 23, 2017 Share Posted August 23, 2017 Just now, ArcticCrusher said: I'll have to cause she wants to quit and start something else. she doesn't have the years you don't get the full payout Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 23, 2017 Share Posted August 23, 2017 1 minute ago, 1trailmaker said: she doesn't have the years you don't get the full payout She has another 10 years to reach her 85 factor. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted August 23, 2017 Share Posted August 23, 2017 Just now, ArcticCrusher said: That is the best. I beg to differ, works for some YES but not most. Guys like RR take them for a ride until the money is gone Even during 2008 Most pensions gave a very good return, something most investors didn't get Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted August 23, 2017 Share Posted August 23, 2017 Just now, ArcticCrusher said: She has another 10 years to reach her 85 factor. check out the commuted payout in 9 years - she is still just a puppy If interest rates are still low she can get that payout, the higher the interest rate the less you get. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 23, 2017 Share Posted August 23, 2017 1 minute ago, 1trailmaker said: I beg to differ, works for some YES but not most. Guys like RR take them for a ride until the money is gone Even during 2008 Most pensions gave a very good return, something most investors didn't get These pensions as well as IPP's must guarantee a 7.5% return or the company is on the hook for the shortfall. That is too much of a challenge for junior achievers without taking risks. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 23, 2017 Share Posted August 23, 2017 2 minutes ago, 1trailmaker said: check out the commuted payout in 9 years - she is still just a puppy If interest rates are still low she can get that payout, the higher the interest rate the less you get. Perhaps the bond yields will be negative by then. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted August 23, 2017 Share Posted August 23, 2017 2 minutes ago, ArcticCrusher said: These pensions as well as IPP's must guarantee a 7.5% return or the company is on the hook for the shortfall. That is too much of a challenge for junior achievers without taking risks. I guess the 50% increase in monthly premiums isn't covering shortfalls? Do teachers have AVC with their pensions? Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted August 23, 2017 Share Posted August 23, 2017 4 minutes ago, ArcticCrusher said: Perhaps the bond yields will be negative by then. Oh no doubt another planned recession is coming, that is the beauty of collective pensions. Similar to why millon and billionaires do okay during these recessions. Becareful having her at home everyday isn't as good as it was when you were first married Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 23, 2017 Share Posted August 23, 2017 2 minutes ago, 1trailmaker said: I guess the 50% increase in monthly premiums isn't covering shortfalls? Do teachers have AVC with their pensions? Not that I'm aware of and wife is pretty clueless about her pension. I believe they can make up for missed contributions but can't contribute in excess. She has an RRSP for that. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted August 23, 2017 Share Posted August 23, 2017 Just now, ArcticCrusher said: Not that I'm aware of and wife is pretty clueless about her pension. I believe they can make up for missed contributions but can't contribute in excess. She has an RRSP for that. I asked because OMERs went to that a few years back, but all extra money is at full risk to the ROR. Saying that, you can't get a better return anywhere. Better than any RRSP could get you. I find most people have no idea how their pension works. A guy I know told me he is going to take his pension early and keep working at the same job what a dummy. Another guy started late in his 40's and says he will get full pension at 65 ah dah doe ah NO HE WON'T Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 23, 2017 Share Posted August 23, 2017 2 minutes ago, 1trailmaker said: Oh no doubt another planned recession is coming, that is the beauty of collective pensions. Similar to why millon and billionaires do okay during these recessions. Becareful having her at home everyday isn't as good as it was when you were first married Of course there will be another recession at some point. For now we are looking at a pullback sometime mid next year, but really nobody knows. As for timing the markets, forget about it as even the best can't. Here is an article from EdgePoint Wealth that discusses that. https://www.edgepointwealth.com/en/Insights/Simply-Put/It-takes-two-to-time-the-market Interesting they quoted Peter Lynch in the article. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 23, 2017 Share Posted August 23, 2017 4 minutes ago, 1trailmaker said: I asked because OMERs went to that a few years back, but all extra money is at full risk to the ROR. Saying that, you can't get a better return anywhere. Better than any RRSP could get you. I find most people have no idea how their pension works. A guy I know told me he is going to take his pension early and keep working at the same job what a dummy. Another guy started late in his 40's and says he will get full pension at 65 ah dah doe ah NO HE WON'T There are plenty that will beat OMERS, but they are pretty good and you would be wise to top up as much as you could to get the full ROR. Here is just one. https://www.theglobeandmail.com//globe-investor/funds-and-etfs/funds/summary/?id=17968&companyName=Mawer Canadian Equity Series A I believe you can also join the Sask Pension as it is open to everyone. Its 30 year return (Balanced Fund) is over 8%. https://www.saskpension.com/investments.php#returns Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted August 23, 2017 Share Posted August 23, 2017 2 hours ago, ArcticCrusher said: There are plenty that will beat OMERS, but they are pretty good and you would be wise to top up as much as you could to get the full ROR. Here is just one. https://www.theglobeandmail.com//globe-investor/funds-and-etfs/funds/summary/?id=17968&companyName=Mawer Canadian Equity Series A I believe you can also join the Sask Pension as it is open to everyone. Its 30 year return (Balanced Fund) is over 8%. https://www.saskpension.com/investments.php#returns Omers was almost 11% last year, hassle free without any knowledge needed. Can't beat that for savings and being tax deferred makes it appeal to many. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 23, 2017 Share Posted August 23, 2017 17 minutes ago, 1trailmaker said: Omers was almost 11% last year, hassle free without any knowledge needed. Can't beat that for savings and being tax deferred makes it appeal to many. Looks like its treated much like an RRSP so the value will all go to your estate/spouse unlike the db plan. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted August 23, 2017 Share Posted August 23, 2017 5 minutes ago, ArcticCrusher said: Looks like its treated much like an RRSP so the value will all go to your estate/spouse unlike the db plan. Yes he or she would get all the money and interest if you crook, or paid to the estate. You can only withdraw 20% a year before you retire, the fifth year you can withdraw all funds (taxed of course) 71 years old like RRSPs you must transfer all funds to LIRA if locked in So there are some rules to get this return so its not exactly like a savings account or whatever Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 23, 2017 Share Posted August 23, 2017 3 minutes ago, 1trailmaker said: Yes he or she would get all the money and interest if you crook, or paid to the estate. You can only withdraw 20% a year before you retire, the fifth year you can withdraw all funds (taxed of course) 71 years old like RRSPs you must transfer all funds to LIRA if locked in So there are some rules to get this return so its not exactly like a savings account or whatever At 71 it goes into a RIF but the holdings can be exactly the same as your RRSP. There are min withdrawl requirements each year. Quote Link to comment Share on other sites More sharing options...
StevieWonder Posted August 24, 2017 Share Posted August 24, 2017 Theft ring thread goes to pension info ......... good times ....... Quote Link to comment Share on other sites More sharing options...
StevieWonder Posted August 24, 2017 Share Posted August 24, 2017 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 24, 2017 Share Posted August 24, 2017 The bad guys got caught, what more is there? 1 Quote Link to comment Share on other sites More sharing options...
StevieWonder Posted August 24, 2017 Share Posted August 24, 2017 Well , than Sergio , let it die a nice death , peace be with you , and also with you .. ring a ding ding ..... Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 24, 2017 Share Posted August 24, 2017 Well OK, but I'm not too sure it really stayed on topic. Quote Link to comment Share on other sites More sharing options...
1trailmaker Posted August 24, 2017 Share Posted August 24, 2017 34 minutes ago, StevieWonder said: Quote Link to comment Share on other sites More sharing options...
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