Don Maycock...advising you to and through retirement!

Blog

The Manulife Advantage Account is a high-interest, full-access, low fee chequing account that can be used by clients as their primary bank account or as a secondary investment account. This account combines the liquidity of a traditional chequing account with the interest of a short-term GIC or money market fund. Advantage Account’s features and benefits […]

 3 total views

Read More

In September 2020, I began a quarterly report on “Annuities”.  In a nutshell, I’ll show the change in annuity payments over time, when all other parameters are held constant except current interest rates.  I now have sufficient data and will reduce these updates to twice annually. This is the second and final update for 2021. Methodology […]

 39 total views

Read More

The other day I came across an article from GM Canada.  They recently transferred $1.8 billion of their pension assets to an annuity for their salaried pension plan members who retired prior to June 2020.  This represents about $300,000 per employee on average. Why would GM Canada do this rather than manage a pension plan […]

 70 total views

Read More

In September 2020, I began a quarterly report on “Annuities”.  In a nutshell, I’ll show the change in annuity payments over time, when all other parameters are held constant. Since I began reporting, interest rates have increased slightly, and so did annuity payouts. Methodology Every three months, I update the default annuity quote (using the Cannex […]

 99 total views

Read More

In a recent article, see reference below, the “report found that the average amount held in a TFSA climbed more than nine per cent to $30,921 from a year ago, December 2020. With a TFSA limit in 2020 of $69,500, this represents about 45% of the maximum limit (excluding any growth in the TFSA).   What […]

 1,487 total views

Read More