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2018

Spring Financial Cleaning

Facebook, Spring is here and #MoneyTalk

Spring is here ? That is a question most of us are asking in Ottawa. Previous years we have had warmer temps and things starting to grow, but not yet this year. For those thinking financially, good time to start thinking about doing your taxes, and what to do with your refund, if you are getting one.  Possibly the RRSP to TFSA pas de deux?

Spring is here
Saw this in My Backyard, I think I agree

Will you be removing your Facebook account? Remember that we are on Facebook as well, but yeh lots of folks are talking about Facebook betraying them? Really? What did you think they were going to do with all the data they had? You were all Facebook had to sell, and that is their business. Yes, I have a Facebook account, yes I share photos and make personal quips on it, but do they have all my data? I hope not.

A more colon tightening expression could not have been thought up, yet I received an email with the title, “3 Reasons Your Retirement Is One Big Math Problem”. If you are trying to convince people they can’t do their own retirement planning, that is the headline you want. People are paranoid about anything to do with Math, and will run from it like a frightened deer, if it is mentioned. The headline while truthful is almost a false flag to convince them they need to get a retirement financial advisor. No, you don’t need that, it’s arithmetic really, which wasn’t that hard, was it?

What do I have planned for the coming personal finance year? Not sure, still working on that.


My Recent Writings

I am still astounded it has been 13 years since I started writing here, but Still Financially Crazy after 13 Years does outline some of my favorite topics. There are more than 3000 articles here, need to make it easier for you folks to be able to find them, I think.

K. Trevor Wilson is a very good comedian, and not a bad financial advisor, as I point out in More Financial Advice from a Comedian. It really is cheaper to go see a comedian than it is to go to a financial advisor, think about it.

Micro Blogging on Finance

I am trying a small experiment with the tag #FinancialDeepThoughts where I precurse something from my archives with a quote from a smart person. See what you think.

A more colon tightening comment is this one.

https://twitter.com/ScottTerrioHMA/status/976507934929666050

Read More »Facebook, Spring is here and #MoneyTalk

Claptrap

Still Financially Crazy after 13 Years

After thirteen years of writing financial articles, I am still financially crazy , after all these years. I must be crazy I think debt is a bad thing!

Laughing Accountant

More Financial Advice from a Comedian

My wife and I thoroughly enjoyed LetterKenny Live, and as part of the show is stand-up from K. Trevor Wilson. Mr. Wilson’s comedy is very topical and he had financial advice for young folks that… Read More »More Financial Advice from a Comedian

DST

Steady Interest Rates, Spring Forward and #MoneyTalk

Interest rates continue to stay at 1.25% for the overnight rate, (March 2018).I suspect that, given the economy’s current state, we won’t see another rate hike for a little while. Their statement seems to imply that they are unsure where things might be going in the next little while.

DST
Time to Spring Forward

Inflation is running close to the 2 per cent target and the Bank’s core measures of inflation have edged up, consistent with an economy operating near capacity. Wage growth has firmed, but remains lower than would be typical in an economy with no labour market slack. Inflation is fluctuating because of temporary factors related to gasoline, electricity, and minimum wages

Bank of Canada March 2018

This seems to point a wagging finger at Ontario’s minimum wage increase, but it asks why wages normally don’t go up given how few unemployed folks are out there. We seem to live in interesting economic times.

Belated Happy International Women’s Day! As the father of 3 wonderful women, and the proud son of a trailblazing woman (my mother had a Statistics Degree in 1951, which was a rarity), I stand in awe. Do we have wage parity? Nope. Do we have gender equality? Nope. I think we still have a lot of work to do.

It is not only Tax Season again; it is that weekend when the clocks go forward (in most places in Canada and the US). There is talk of sticking with Daylight Savings Time, we shall see where that might leads, but if you won’t put your clocks forward you will be late all day Sunday.

My Recent Writings

Luckily I got something interesting in the mail to write about this week, with RDSP Statement of Grant Entitlement . Once you have gotten through the DTC maze, set up an RDSP and started putting money in it for your loved one, this is the most important document you will receive every year (aside from any reassessment notices from the CRA of course).

Micro Blogging on Finance

If you somehow think that the Government is going to escape the Phoenix Pay system debacle unscathed, I don’t think the media in Ottawa is going to allow that to happen.

Read More »Steady Interest Rates, Spring Forward and #MoneyTalk
Statement of Benefits

RDSP Statement of Grant Entitlement

Who knew that this time of year had so many financial events? You have the RRSP deadline, tax preparation time and for some another important event. At the beginning of February I receive the Annual… Read More »RDSP Statement of Grant Entitlement

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