Browsing Category : The Old Curmudgeon

THE OLD CURMUDGEON: PENSION PROBLEMS


The Canada Pension Plan (CPP) and saving for retirement: I’ve a lot to say on this if you’re Canadian and facing retirement in the next few years. You probably put money away as your nest egg, maybe in an RRSP – a Registered Retirement Savings Plan. You were enticed into the Plan with the incentive of getting a tax deduction.…

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THE OLD CURMUDGEON RETURNS!


CURMUDGEON RANTS AGAIN! There is an eerie Confluence of entertainment with medical science, demographics, economic reality and the politics of Pension funding. In reverse order: Most Pensions are generally pre-funded by contributions invested under actuarial models that earn investment income sufficient to payout the beneficiaries. Old Age security and supplement payments are not prefunded. They are an ongoing obligation of…

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INTRODUCING: THE OLD CURMUDGEON


I have a devil of a time with passwords, and it is getting worse now that I’m over 75. It got me thinking – while I still can.. After WW2, there was a lot of money in Swiss and other bank accounts, placed there by individuals for safekeeping in the prewar years. OK – so what? Well, the war destroyed…

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