Friday, November 30, 2012

Short Takes: Tax Glitch when RRSP passes to Spouse and more

The Blunt Bean Counter discusses the unintended consequences when an RRSP/RRIF passes to a spouse but the spouse doesn’t put the proceeds into an RRSP/RRIF. The result could take inheritance money away from others named in the will.

Retire Happy Blog makes a lot of sense in a controlled rant about the harsh realities of investing. There is no magic way to invest money safely to get a high return. One minor point I would disagree with the idea that investors got safe high returns back in 1981. People should focus on after-inflation returns. GICs may have been better in 1981 than they are now, but not by as much as it appears after you account for inflation.

Larry Swedroe has a great quote from Jan Hatzius, the chief economist of Goldman Sachs, about the value of economic forecasts that begins with “Nobody has a clue.”

Big Cajun Man has some house-hunting tips.

My Own Advisor was surprised at how expensive it is now to go to a movie. My best suggestion is to cut your costs in half by eating before you go to the movie.

3 comments:

  1. Thanks for including me this week, although I am disappointed there is no mention of Mrs. C8j's new rack either. Have a great start to Advent!

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  2. Michael, thx for mention. Great post on TFSA and RRSP, although I still get caught up on easy access issue with TFSA

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  3. Or, just not visit the movies at all :)

    Thanks for the mention.

    Mark

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