Friday, May 10, 2019

Short Takes: Maximizing OAS, Elder Financial Abuse, and more

I wrote one post in the past two weeks:

My “Bucket Strategy” for Retirement Spending

Here are some short takes and some weekend reading:

Ted Rechtshaffen explains how to maximize the amount of OAS you’ll get to keep. This is one of the more sensible articles I’ve read about OAS deferral and clawbacks.

Ellen Roseman interviews elder law specialist Laura Tamblyn Watts about protecting seniors from financial abuse. This is a very difficult area because it’s hard to distinguish between someone who is helping a senior and someone who is stealing money from a senior. If you go too far in protecting against abuse, you make it hard to help as well.

Preet Banerjee interviews David Bach, author of the book The Latte Factor. It’s not just about lattes, but generally the power of small daily amounts of money. I had a laugh at the joke website name, Bonds are for Losers.

Big Cajun Man explains a few things to clueless car flippers.

3 comments:

  1. Thanks for the inclusion, some young folks just don't understand that NOBODY gives you money for free.

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  2. Given I am living through the Elder Money world, it is easy to mistake someone trying to "help" looking like abuse (and vice versa). It is good there are checks, but it can't be too hard either. The Quebec system is even more interesting to deal with.

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    Replies
    1. @Alan: I find that each province and each bank set up different barriers.

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