Secret Finance

coyoteborder asked:


I read that immigrants that become permanent residents in Canada, and that enter the labor market at a mature age (30+, 40+), and that retire at the normal retirement age of 65 or 67, are entitle to a portion only of Canada’s retirement funds. The reasoning behind it is that because they have not contributed as long as a native Canadian or another immigrant that had entered the labor market at an earlier age, they cannot withdraw equal amount of funds. If it is so, is there a % of the “normal pension” that an immigrant would receive in retirement funds depending on his/her age at the time he started working in Canada? Are there investment options, like in the USA (mutual funds, 401K, IRA, etc), to make up for the difference of what a native Canadian could receive at a retirement age?

Jason asked:


These are my 2 main issues when I vote. Which candidate has a good plan to lower gas prices FAST and a plan to secure retirement funds? Please also describe the plan for both.

rsvpsoonest asked:


I am currently with Statewide Supperannuation, who have told me they do not give advice on transferring retirement funds from overseas to their clients accounts, even though they are a private commercial enterprize? Duh!!!
Can someone please advise me who I could contact to get free information as well as a more user friendly super fund?
Thanks to all

David asked:


I know nothing about the stock market.

I really want to know exactly “how” this second great depression affects the retirement funds. It just doesn’t make sense when I think about it.

Any help would be great

ummmk asked:


I am inquiring for someone. How can you get the most of your money back? The govt wants to take 45% of his retirement fund before he can have it. I’ve heard of investment companies that can help you bypass this but ofcourse they have their hands on your money and there is a lot of fine print and he isn’t very savvy and could easily be takin advantage of.

Anyone got a clearcut solution?

jennylynnrosario asked:


My husband and I are looking into retirement funds. We have gotten some information on them and how much to start. We are thinking of just saving money in a cd first and when it builds up enough money go to a mutal funds. Is that a good plan? What should I look for in a Retirement Plan? What company do you feel has a better Retirement Plan?

Janet M asked:


I am retired in SS Disability and need to use my retirement funds to pay off debts. How much should I request they withhold so I don’t end up owing at the end of the year? What are considered personal hardship issues?

T C asked:


My wife and I are planning to retire in the next few months and will receive several hundred thousand dollars from our retirement funds. We need to work with a financial planner to be able to roll most of this money into accounts that won’t be taxed until we withdraw funds to spend. How much should we anticipate having to pay a financial planner to arrange this. Also, if anyone knows about these things will it be possible to make such a rollover? I am 63 and my wife is 64.

S M asked:


I have heard of target retirement funds, but do they give the best yield and do we still have to re balance the account every few months and manage the account like one would do if it wasn’t a target retirement fund??

is life really hell in Hell? asked:


I have over $40,000 in stocks and bonds. I’ve noticed that in some recent reports that I’ve received that they are losing value. I am thinking of converting them into gold. Is this a good idea or not, and why?
By the way, I am 56 and the funds I am mentioning here represent the bulk of my retirement funds..