Retirement Planning
Qualifying Factor of 85
Plan sponsors specify a “normal” retirement age, the age where a plan member can retire with a full pension in retirement. This age is typical 65. However, for many plans, it is not 65. The […]
Month: June 2024
Tax Planning
Understanding RRIF Minimum Withdrawal Rate
At the end of the year you turn 71, your RRSP matures and you must convert it to a Registered Retirement Income Fund. Each year, a minimum amount based on a percentage must be withdrawn […]
Tax Planning
Splitting Income with a Spousal RRSP
Spousal RRSP allow tax payers to effectively split income and save on tax. This is especially true when there is a large income disparity between spouses. Spousal Registered Retirement Savings Plan are opened in the […]
Tax Planning
Withdrawing from a RRIF
At the end of the year you turn 71, your RRSP matures and you must convert it to a Registered Retirement Income Fund. Withdrawing from a RRIF is based on a minimum percentage that would […]
World
Judge seems skeptical of Tiger Woods’ ex-girlfriend’s claims
STUART, Fla. (AP) — A Florida judge appeared skeptical Tuesday to arguments made by an attorney for superstar golfer Tiger Woods’ ex-girlfriend Erica Herman, who is trying to invalidate a nondisclosure agreement that would require the ongoing legal disputes between the two be decided privately by an arbitrator. During a 45-minute hearing, Circuit Judge Elizabeth… […]
Fixed Income
Pricing Bonds
When it comes to pricing bonds, let’s first start with the basics. All bonds have an issue date, a maturity date and a stated face value or par value. Bonds are priced in 100s as a […]
World
Author of book on grieving death charged with murder…
SALT LAKE CITY (AP) — After her husband died last year, she wrote a children’s book on grief. Now she’s charged with his murder.Kouri Richins was arrested on Monday in Utah and is accused in charging documents of poisoning her husband with a lethal dose of fentanyl at their home in Kamas, a small mountain… […]
World
Party officials: Imran Khan arrested in court in Islamabad
ISLAMABAD (AP) — Pakistan’s former Prime Minister Imran Khan was arrested and dragged from court Tuesday as he appeared to face charges in multiple graft cases, a dramatic escalation of political tensions that sparked violent demonstrations by his angry supporters across the country.The arrest of Khan, who was ousted in a no-confidence vote in April… […]
World
Trump forum big test for CNN, moderator…
NEW YORK (AP) — Donald Trump’s town hall forum on CNN on Wednesday is the first major television event of the 2024 presidential campaign — and a gigantic test for the chosen moderator, Kaitlan Collins.Both sides of the political divide expressed suspicion when the CNN forum at New Hampshire’s St. Anselm College was announced last… […]
World
2023 Book Pulitzers Go To Barbara Kingsolver, Hernan Diaz, “G-Man”, “His Name Is George Floyd”, “Freedom’s Dominion”
NEW YORK (AP) — The Pulitzer Prize for fiction was awarded Monday to two class-conscious novels: “Demon Copperhead,” Barbara Kingsolver’s modern recasting of the Dickens classic “David Copperfield,” and Hernan Diaz’s “Trust,” an innovative narrative of wealth and deceit set in 1920s New York.It’s the first time the Pulitzers have awarded two fiction books in… […]