Comments on: The Canada Pension Plan Mystery http://blog.canadian-dream-free-at-45.com/2009/05/07/the-canada-pension-plan-mystery/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Retirement Information http://blog.canadian-dream-free-at-45.com/2009/05/07/the-canada-pension-plan-mystery/comment-page-1/#comment-30809 Retirement Information Fri, 07 Aug 2009 11:31:50 +0000 http://blog.canadian-dream-free-at-45.com/?p=272#comment-30809 I love this calculator. For a simple man with poor math like me, this calculator helps to speculate future retirement income without a complex statement. I love this calculator. For a simple man with poor math like me, this calculator helps to speculate future retirement income without a complex statement.

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2009/05/07/the-canada-pension-plan-mystery/comment-page-1/#comment-26701 Canadian Dream Thu, 28 May 2009 12:19:36 +0000 http://blog.canadian-dream-free-at-45.com/?p=272#comment-26701 Warren, I'm not sure on the dividend income, but I know if you treat your rental income as a small business you can elect to pay into CPP on that. Hope that helps, Tim Warren,

I’m not sure on the dividend income, but I know if you treat your rental income as a small business you can elect to pay into CPP on that.

Hope that helps,
Tim

]]> By: Warren http://blog.canadian-dream-free-at-45.com/2009/05/07/the-canada-pension-plan-mystery/comment-page-1/#comment-26677 Warren Thu, 28 May 2009 03:20:29 +0000 http://blog.canadian-dream-free-at-45.com/?p=272#comment-26677 If I retire at age 40 for example but still earn dividend and rental income, will those factor in? IE: do you make contributions to CPP for these types of income? If I retire at age 40 for example but still earn dividend and rental income, will those factor in? IE: do you make contributions to CPP for these types of income?

]]> By: Hazy http://blog.canadian-dream-free-at-45.com/2009/05/07/the-canada-pension-plan-mystery/comment-page-1/#comment-25152 Hazy Fri, 08 May 2009 19:34:16 +0000 http://blog.canadian-dream-free-at-45.com/?p=272#comment-25152 What I find odd is that using zero future earnings instead of $5000 per year actually <b>increases</b> my CPP estimate...That doesn't seem right to me. What I find odd is that using zero future earnings instead of $5000 per year actually increases my CPP estimate…That doesn’t seem right to me.

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2009/05/07/the-canada-pension-plan-mystery/comment-page-1/#comment-25118 Canadian Dream Fri, 08 May 2009 11:39:24 +0000 http://blog.canadian-dream-free-at-45.com/?p=272#comment-25118 SP, I've haven't play with that feature myself. I might take it later, but right now I'm planning on 60. Hazy, Actually that is one of the major pit falls of early retirement. A long string of zero incomes can kill off a lot of your CPP earnings. It's not an odd result. Hope that helps, Tim SP,

I’ve haven’t play with that feature myself. I might take it later, but right now I’m planning on 60.

Hazy,

Actually that is one of the major pit falls of early retirement. A long string of zero incomes can kill off a lot of your CPP earnings. It’s not an odd result.

Hope that helps,
Tim

]]> By: Weekend Reading - Personal Finance Books, Stocks and CPP | Million Dollar Journey http://blog.canadian-dream-free-at-45.com/2009/05/07/the-canada-pension-plan-mystery/comment-page-1/#comment-25112 Weekend Reading - Personal Finance Books, Stocks and CPP | Million Dollar Journey Fri, 08 May 2009 10:31:11 +0000 http://blog.canadian-dream-free-at-45.com/?p=272#comment-25112 [...] Canadian Dream unravels the CPP calculation mystery. [...] [...] Canadian Dream unravels the CPP calculation mystery. [...]

]]> By: Hazy http://blog.canadian-dream-free-at-45.com/2009/05/07/the-canada-pension-plan-mystery/comment-page-1/#comment-25083 Hazy Thu, 07 May 2009 23:54:09 +0000 http://blog.canadian-dream-free-at-45.com/?p=272#comment-25083 The calculator doesn't seem to like early retirees much. It expects you to earn at least $5000 every year. Entering a value of zero as one of the estimates of future earnings can produce a odd result. The calculator doesn’t seem to like early retirees much.
It expects you to earn at least $5000 every year.
Entering a value of zero as one of the estimates of future earnings can produce a odd result.

]]> By: Silicon Prairie http://blog.canadian-dream-free-at-45.com/2009/05/07/the-canada-pension-plan-mystery/comment-page-1/#comment-25077 Silicon Prairie Thu, 07 May 2009 22:01:05 +0000 http://blog.canadian-dream-free-at-45.com/?p=272#comment-25077 This sounds useful but a bit complicated. Have you tried starting at a later age and calculating the return from waiting? Overall I don't plan for/around CPP at all at this point - I just pay what I have to and make my own investments. If it stays at the same level it might be a nice little bonus someday, although it sounds like it could be smaller than the uncertainty in my plans (so not that noticeable). This sounds useful but a bit complicated. Have you tried starting at a later age and calculating the return from waiting?

Overall I don’t plan for/around CPP at all at this point – I just pay what I have to and make my own investments. If it stays at the same level it might be a nice little bonus someday, although it sounds like it could be smaller than the uncertainty in my plans (so not that noticeable).

]]> By: Mintycake http://blog.canadian-dream-free-at-45.com/2009/05/07/the-canada-pension-plan-mystery/comment-page-1/#comment-25057 Mintycake Thu, 07 May 2009 14:44:50 +0000 http://blog.canadian-dream-free-at-45.com/?p=272#comment-25057 I like this calculator. It's actually pretty straightforward, even if you don't have a pension statement. I like this calculator. It’s actually pretty straightforward, even if you don’t have a pension statement.

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