Could this pension solution help Canadian retirees turn their DC savings into a lifetime of low-cost income? – Globe and Mail, May 6, 2021
https://www.theglobeandmail.com/investing/personal-finance/retirement/article-could-this-pension-solution-help-canadian-retirees-turn-their-dc/
Bonnie-Jeanne MacDonald and Mitch Frazer argue for the use of VPLAs in for use Canada. Austrilian firm QSuper is offering a “lifetime pension income option based on the variable payout life annuity (VPLA) in the University of British Columbia (UBC) faculty pension plan.” Currently, this is not allowed in Canada… UBC got in before the cutoff I suppose. It would address the needs of people who have defined contribution pension plans to draw down their funds more along the lines of a defined benefit pension plan.
How much real estate should you have in a balanced portfolio? – MoneySense.ca, May 5, 2021
https://www.moneysense.ca/save/investing/how-much-real-estate-should-you-have-in-a-balanced-portfolio/
Jonathan Chevreau takes a look into how real estate should be represented in your investment portfolio. Part of the discussion is the value of holding REITs rather than actual rental properties.
The Real Meaning of Cinco de Mayo — and How It’s Celebrated in Puebla, Mexico – Travel + Leisure, May 3, 2021
https://www.travelandleisure.com/attractions/festivals/how-cinco-de-mayo-is-celebrated-in-mexico
Happy Cinco de Mayo, everyone. Christin Parcerisa Vigueras explains where the celebration originated. I am sure those of you who winter in Mexico know this already.
How deferring the OAS just got a little more lucrative – Globe and Mail, May 3, 2021
https://www.theglobeandmail.com/investing/personal-finance/taxes/article-how-the-boost-to-oas-could-promote-delayed-retirement/
Patrick Brethour examines how the proposed increase to OAS in the most recent budget may impact the amount received by individuals who wait until 70 to start collecting OAS.
“My Big Italian Adventure” – Travel + Leisure, May 2, 2021
https://www.travelandleisure.com/travel-tips/buying-and-renovating-italy-one-euro-homes
Let’s start off the week with some travel information. I think I was drawn to this article because I had watched Lorraine Bracco’s HGTV series “My Big Italian Adventure”, is which she buys and renovates a 1€ house in Sicily. Julia Buckley fleshes out the concept, which is a real thing.