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

Investment Planning

This category summarizes all the investment planning posts for Advantage Wealth Planning.

As rising interest rates continue, annuity payouts have increased too. Below I have a table showing how annuity payout rates have increased substantially since the when I started this blog, September 2020, almost three years ago. Methodology I update the default annuity quote (using the Cannex system). The default client is as follows. 65 year […]

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Here’s a great resource for 2023 retirement planning financial facts. The downloadable PDF was produced by Empire Life and is updated yearly. So what am I often asked about that is on this two page pdf? What is the annual TFSA limit both cumulative lifetime and for 2023? If you withdraw a lump sum from […]

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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 […]

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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 […]

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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 […]

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