Retirees making pennies from savings accounts may want to take a look at annuities – Globe and Mail, October 22, 2020
https://www.theglobeandmail.com/investing/personal-finance/retirement/article-retirees-making-pennies-from-savings-accounts-may-want-to-take-a-look/
Fred Vettese returns to the discussion of how annuities might be a viable option for retirees in these days of incredibly low interest rates. He also discusses a concept I had never heard about before, “tontines”. Neither appeals to me, but buying an annuity, at least, might appeal to others.
There’s a cost in money, isolation and family stress when seniors choose to remain in their own private homes – Globe and Mail, October 20, 2020
https://www.theglobeandmail.com/investing/personal-finance/retirement/article-theres-a-cost-in-money-isolation-and-family-stress-when-seniors/
Rob Carrick looks at the various “costs” involved in staying in your own home when you need support, rather than going to an assisted living situation. This is our plan, but I probably won’t still be writing about these things when it happens. 🙂
The retirement downsizing myth: No, seniors aren’t moving in droves — and that will affect the housing market – Financial Post, October 20, 2020
https://financialpost.com/personal-finance/retirement/the-retirement-downsizing-myth-no-seniors-arent-moving-in-droves-and-that-will-affect-the-housing-market
Jason heath of the discusses how seniors are not moving out of their homes, and how this is impacting the overall housing market. We downsized, but I understand why many wouldn’t choose too.
Two jobs plus income from three rental units still not enough to secure Ontario woman’s retirement – Financial Post, October 16, 2020
https://financialpost.com/personal-finance/family-finance/two-jobs-plus-income-from-three-rental-units-still-not-enough-to-secure-ontario-womans-retirement
Andrew Allentuck writes about the financial situation of a woman who should be in good shape for retirement, but isn’t yet. If she follows Andrew’s plan she should be able to retire at the age of 57 as is her goal.
Six ways for retirees to generate investment income of 4 per cent and more with ETFs – Globe and Mail, October 16, 2020
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-six-ways-for-retirees-to-generate-investment-income-of-4-per-cent-and/
Rob Carrick offers up his suggestion on how retirees can generate income in retirement using ETFs. This is yet another look at the new Vanguard Retirement Income ETF Portfolio (VRIF) that targets “a 4 per cent return after fees on an annualized basis.” It will be interesting to see how this works out.
