Friday, July 16, 2010

Short Takes: Retirement Savings, Eco Fees, and more

Larry MacDonald reports on a study that says 80% of Canadians’ save enough that their consumption will drop by less than 10% upon retiring. This contrasts sharply with the near hysterical cry to save baby boomers from starvation when they retire. My guess is that the truth is somewhere in between.

Preet takes a stand and declares that eco fees are a tax despite what Stewardship Ontario says.

Canadian Capitalist reviews a new Canadian equal-weighted index ETF.

Bill Mann reports that the plug-in Prius is coming to Canada.

Big Cajun Man got a rant going on the subject of pet health insurance.

Financial Highway lists 9 things your insurance agent won’t tell you. I must say that I’ve found it challenging to learn how the insurance industry works. I wish I’d seen this list a decade ago.

Thicken My Wallet has some advice for people stuck in McJobs.

Frugal Trader debates whether to start paying off his Smith Manoeuvre investment loan now that his mortgage is paid off.

7 comments:

  1. Thanks for the mention, some good comments about Pet Insurance too!

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  2. MJ
    Retirement savings can be a pretty complex issue -- it seems there are many many permutations and combinations. Anyway, I thought it was intriguing that Horner seems to think the widespread notion of declining and low savings rates may be misleading because of data issues in estimating from the National Accounts. Jack Mintz seems to be on the same page and discusses some of the details in the following article.
    http://www.fin.gc.ca/activty/pubs/pension/riar-narr-eng.asp

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  3. Thanks for the mention. It seems that retailers are miscalculating the ecofees on various products too, in some cases it can add 50% or more to the original cost of the item. Lots of people calling into the local radio station I listen too with anecdotal evidence. We may see a Canadian Tea Party...

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  4. Thanks for the link Michael. Insurance rates are getting ridiculous in Ontario, let's hope the Auto Reform will bring them back to normal in the long term.

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  5. The study that Larry wrote about is quite interesting. Some reading material for this weekend...

    Thanks for the mention!

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