Oh – and the delayed OAS plan actually gets even stronger when we factor in the recent after-75 OAS boost that was recently announced. A delayed OAS, now means that your 36% increase will be applied to a bigger OAS payment in your later years. Deferring OAS vs CPP While many of the...
The flip side is, if you purchase an annuity and interest rates increase, then you will have gotten a bit unlucky, and in hindsight, it would have been better for you to wait. This is why Milevsky recommends spreading out your annuity purchases over a few years – so that your exposure ...
“Investing is where you want the money to work for you. You are delaying the use of that money” while allowing it to increase in value (hopefully) and will use it in the future for something more mid to long-term, such as retirement or a large goal. Examples would be investments in...
The equity you release will help increase your cash flow. No regular repayments. Although you are charged interest on the loan, there’s no need to make monthly payments. Age in place. You get to unlock the equity in your home without having to sell or move. “No negative equity” guar...
Vettese then goes on to cite numerous studies from around the world that show spending decreasing as folks age into their 70s – and in many cases, net worths actually start to increase on average at this point! Vettese also cites data from actuary Malcolm Hamilton, who found Canadian senio...
I’m simply doing this to increase readability. Such is the case with glide paths. This is where we start to get into some really geeky math stuff. Glide paths are the term that brainiacs use to describe a strategy for early retirees that sees someone take a less risky portfolio in ...
Watermelon and tobacco are harvested in October after a rapid increase in HV values during sowing and emergence in May, reaching peak biomass in August, and entering senescence in early August, when HV values start to decrease. The difference between watermelon and tobacco is that the HV ...