We have 750 billion reasons to discuss inheritance with our children – Financial Post, Wednesday, October 25, 2017
http://business.financialpost.com/personal-finance/we-have-750-billion-reasons-to-have-the-talk-about-inheritance-with-our-children
Ted Rechtshaffen examines a CIBC study from 2016 that claims that in the next 10 years $750 billion dollars will be inherited by Canadians. He examines some of the potential problems this can create, and how to possibly avert them though talking with family members.
The world’s most frugal frequent travellers share their secrets – Globe and Mail, Friday, November 3, 2017
https://beta.theglobeandmail.com/globe-investor/personal-finance/household-finances/the-worlds-most-frugal-frequent-travellers-share-their-secrets/article36797848/
Rob Carrick delves into travel talk in his Carrick On Money newsletter. A link is provided to a very useful article on how to save money on travel.
RRIFs: 10 things you need to know – Toronto Star, Tuesday, November 3, 2017
https://www.thestar.com/business/personal_finance/retirement/2010/08/03/rrifs_10_things_you_need_to_know.html
Paul Russell offers up ten things we need to know about our RRIFs after we convert our RRSPs. One good example is the fact that you can make a direct “in kind” transfer of equities into your TFSA. Up to the $5500 limit of course.
Making withdrawals from your RRIF – Ontario Securities Commission, Last updated June 19, 2017
https://www.getsmarteraboutmoney.ca/plan-manage/retirement-planning/rrifs/making-withdrawals-from-your-rrif/
The OSC presents some basic information about drawing down on your RRIF. The all important new and old drawdown percentages are included by age for your reference.
Unlocking, Withdrawals and Transfers from New Life Income Funds (LIFs) – Financial Services Commission of Ontario,Last Modified: Apr 15, 2014 04:38 PM
https://www.fsco.gov.on.ca/en/pensions/lockedin/lif/Pages/lifunlocking.aspx
FSCO answers a number of questions concerning new life income funds (LIFs).Very important amongst these is the ability to now withdraw or transfer 50% of the amount into an RRSP.
