Financial News, Policy and Economics • Re: Federal-provincial debt
Financial Wisdom Forum
by Shante
1h ago
It's paywalled so I can't read the full article, but wasn't Greece's problem that it didn't have its own currency that it could devalue? Does the article explain how a country with its own dollar could face the same problem as Greece did? Statistics: Posted by Shante — 29Mar2024 05:22 ..read more
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Now Hear This! • Re: Don't be afraid ... to start a new topic
Financial Wisdom Forum
by heckler
2h ago
"Search found 0 matches" When I searched how many posts I have made as a new topic. not true, I started one. But my search failed to find it. but now I know I needed put in my username too, thanks P_I! Statistics: Posted by heckler — 29Mar2024 04:33 ..read more
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Now Hear This! • Re: Don't be afraid ... to start a new topic
Financial Wisdom Forum
by heckler
2h ago
Every time I see a new topic, someone will respond informing the foolish poster that there's already a thread on that, intimating that if they use the Search function they could find lots of info. Then in a blink of eye a moderator has whisked the New Topic into a merge with an old one. I'll spend a fortnight searching before I'll start a new topic. ltr "Search found 0 matches" When I searched how many posts I have made as a new topic. I've gotta agree with ltr - Moderation is noticeably very on it when it comes to keeping a thread on topic, and only on the original topic. Granted, this ..read more
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Under the Mattress: Protecting Your Money • Re: CIBC and Simplii - Deceased person
Financial Wisdom Forum
by Insomniac
2h ago
Update. I gave the name of the contact person in the IE estate dept to the local branch manager. The contact person did not return the manager's emails. I called Simplii again and got a helpful person who drew up letters to authorize the withdrawal of funds for both IE and Simplii. Of course, I had to sign the letters at the local branch. Called the branch manager and she told me that she was working as a teller since all the tellers had phoned in sick; coincidentally it's school Spring break. I went to the branch anyway and it was quiet so we got the documents signed and uploaded to the file ..read more
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Financial News, Policy and Economics • Federal-provincial debt
Financial Wisdom Forum
by brucecohen
4h ago
Remember when fear of a bond default by Greece threw the EU into turmoil? Globe columnist Andrew Coyne warns here that surging provincial debt may present Canada with a replay within 25 years. What I found particularly interesting was his mention of how several other countries prevent lower level government borrowing from threatening the union/dominion's economic standing. A monetary union thus implies some limits on the borrowing of member states. And indeed, at the euro’s outset, Europe had imposed such limits: deficits of no more than 3 per cent of GDP, total debt of no more than 60 per c ..read more
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Community Centre • Re: RIP 2024
Financial Wisdom Forum
by Marcus Aurelius
4h ago
I have read a number of books and learned a great deal from them. Yes, a great author and researcher. Very humble and willing to work with "opponents" of his ideas to craft experiments together. Well loved by a lot of great researchers. Statistics: Posted by Marcus Aurelius — 29Mar2024 03:07 ..read more
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Retirement, Pensions and Peace of Mind • Re: Contributing to RRSP vs TFSA
Financial Wisdom Forum
by heckler
4h ago
Reside in Alberta and it is the average tax rate. 120-150k/year based. Slight fluctuations in pay based on commissions. no brainer for me, max out the long term RRSP (over the next few years) once there is enough in a TFSA for short term (5 years) goals. Either those commissions that make up the last 30k go mostly to the taxman, or the RRSP. I see it ever year with a small bonus. Statistics: Posted by heckler — 29Mar2024 02:52 ..read more
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Retirement, Pensions and Peace of Mind • Re: Manitobans who have unlocked their LIRA’s…..
Financial Wisdom Forum
by brucecohen
4h ago
Is your LIRA under federal or Manitoba jurisdiction? If you don't know, ask your former employer or the institution holding the plan. In both cases after turning 55 you can open a LIF, transfer in the LIRA money and then unlock 50%. Under federal jurisdiction you can ask the financial institution to do a "direct transfer" of the unlock to your RRSP. But here Manitoba says it has to go to a "prescribed RRIF" that "is the same as a RRIF, except that it is also subject to certain rules set out in Manitoba's act and regulations." Here is Sun Life's contract attachment for a Manitoba PRRIF. Scanni ..read more
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Retirement, Pensions and Peace of Mind • Re: Manitobans who have unlocked their LIRA’s…..
Financial Wisdom Forum
by Old_guy
4h ago
... They responded with “email us when you turn 55”, lol. I want to be ready to go @55. I don’t want to figure it out and then execute. You are under 55 and you call yourself Old_guy ? I feel old. Statistics: Posted by Old_guy — 29Mar2024 02:37 ..read more
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Financial Planning and Building Portfolios • Re: Looking for a portfolio review(or second opinion)
Financial Wisdom Forum
by AltaRed
4h ago
Welcome to FWF. I won't comment (much) on your geographic asset allocation split since I generally concur with the weightings, but I am curious why you would be splitting allocations to the decimal point. What is wrong with nice round numbers of 50% US, 25% Cdn, 25% International? You will also end up with a lot of churn re-balancing more than once per year or so. ETF selections look fine to me given the issue with USD at WealthSimple. As for tax efficiency, I often believe too much is made of tax efficiency taken in isolation of how best to manage a portfolio. Where the opportunities to do s ..read more
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