Media scan: Week of December 8

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This week on retirementredux.com I wrote Shopping app Flipp can help you save money and How my travel insurance measures up. My podcast interview Mark Seed is his own advisor was posted on savewithspp.com.

Here are some of the interesting blogs and articles I read:

Today’s TSX decline highlights value of disciplined investing by Tessa Wilmot on Brighter Life is for those of you who want to avoid that sinking feeling in the pit of your stomach the next time the stock market takes us for a roller coaster ride.

In Stop raiding your RRSPs before retirement Jim Yih from Retire Happy presents “Lessons from Milly” who withdrew funds from her Group RRSP over the years and only had $90,000 in savings to show for 40 years of work.

As I slogged through the tedious process of tracking all the money we spent over the last year I read Do You Need A Formal Budget Plan? by Robb Engen on Boomer + Echo. It’s good to know I’m not the only personal finance writer who understands the value of a budget but doesn’t stick to a formal plan.

7 simple things most investors don’t do by Ben Carlsen on A Wealth of Common Sense is a good reminder that among other things, you need to look at your retirement savings from an overall portfolio perspective and increase your savings rate every year to grow your wealth.

Looking for solid dividend-paying stocks? 4 Dependable Dividends for Retirement Income identified by the Motley Fool are BCE Inc., Enbridge Inc., Boardwalk REIT and Brookfield Infrastructure Partners L.P.

But those of you who own dividend stocks and depend on the money rolling in to support you will also be interested in Why Dividend Cuts Aren’t Always a Bad Thing by Dan Wesley on Our Big Fat Wallet.

The Globe + Mail’s Rob Carrick asked Kevin O’Brien, Aeroplan’s chief commercial officer Why can’t I use Aeroplan miles to pay fees and taxes on reward flights? I think his answer, “We know it’s something that people would like to do and therefore it’s on the list of things we continue to look at” is just avoiding a long-simmering issue.

Saving for retirement is one thing, but how do you figure out how to spend your savings so they last for your lifetime? In How to help plan members with decumulation on benefitscanada.com Sun Life’s Lori Landry gives employers tips to pass on to their employees.

Canadians are losing out on as much as $3-billion in ‘free money’ defined-contribution pensions according to Barbara Shecter at the Financial Post. Make sure you are not one of them by contributing the maximum up to your employer’s DC plan or Group RRSP match.

And finally, Ontario has tabled legislation for theinew Ontario Retirement Pension Plan, but the Toronto Star’s Thomas Walkom says Kathleen Wynne has left  herself room to weaken the pension plan. He thinks the Premier may be holding back in case a friendly government is elected federally next year that supports a national enhancement to the Canada Pension Plan instead.

 

1 Comment

  1. Great stuff Sheryl!

    Have a great weekend,
    Mark

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