Friday, March 27, 2020

Short Takes: Deferred Pensions and more

Here are my posts for the past two weeks:

It’s Too Late to ‘Re-Evaluate Your Risk Tolerance’

Reader Question: What to do about the Stock Market Crash

Many “Experts” are Wrong about Risk

Here are some short takes and some weekend reading:

Robb Engen at Boomer and Echo has a big choice to make about whether to take a deferred pension or take it’s commuted value. The deciding factors are how long the pension would be deferred and the current health of the pension plan.

Tom Bradley at Steadyhand says that if you choose to get out of the market, expect some tough choices on when to get back in.

Preet Banerjee explains the Canada Emergency Response Benefit (CERB) in a 3-minute video.

Ben Felix discusses how to handle the recent market crash. Stay calm and think.

Canadian Mortgage Trends describes the big banks’ mortgage referral relief. It’s hard to see how this differs very much from normal operation for banks. I used to get skip-a-payment offers from my bank when I had a mortgage. I don’t know if I could have done it 6 months in a row, so maybe that’s new. This CBC article confirms that interest accrues on the mortgage during the 6 months without making payments. Mortgage deferral will definitely help many people, but it’s not free. Banks will make money from this.

Big Cajun Man has a guest post from his daughter explaining how COVID-19 is affecting her small business.

Jim Yih at Retire Happy tries to gently steer people away from selling stocks in fear.

The Blunt Bean Counter explains the impact of the coronavirus on small business owners.

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