Comments on: The Pension Series – Part II – Pension Collapse and Self Defense http://blog.canadian-dream-free-at-45.com/2009/12/01/pension-collapse-or-poor-planning/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Bean http://blog.canadian-dream-free-at-45.com/2009/12/01/pension-collapse-or-poor-planning/comment-page-1/#comment-36657 Bean Wed, 02 Dec 2009 14:59:50 +0000 http://blog.canadian-dream-free-at-45.com/?p=1163#comment-36657 As I'm a non-contributory member of my DB plan I won't stand to get any major benefit from it in the future, but it does make up a part of my overall long term plan. But then again if I'm not with my current employer in 25 years I'll be taking it in the form of a LIRA too. As I’m a non-contributory member of my DB plan I won’t stand to get any major benefit from it in the future, but it does make up a part of my overall long term plan.

But then again if I’m not with my current employer in 25 years I’ll be taking it in the form of a LIRA too.

]]> By: chad http://blog.canadian-dream-free-at-45.com/2009/12/01/pension-collapse-or-poor-planning/comment-page-1/#comment-36604 chad Wed, 02 Dec 2009 02:41:46 +0000 http://blog.canadian-dream-free-at-45.com/?p=1163#comment-36604 Good luck with anyone with a DB I had one with canada's biggest courier company.Not worth a can of beans.I was with them for 10 years and got my pension transfered into a Lira. Yip 33% of what it was suppose to be.Yeah I guess if your with gov't your okay.Anyone else good luck. My Tfsa is my tickett to retireing early Good luck with anyone with a DB I had one with canada’s biggest courier company.Not worth a can of beans.I was with them for 10 years and got my pension transfered into a Lira. Yip 33% of what it was suppose to be.Yeah I guess if your with gov’t your okay.Anyone else good luck.
My Tfsa is my tickett to retireing early

]]> By: Dave http://blog.canadian-dream-free-at-45.com/2009/12/01/pension-collapse-or-poor-planning/comment-page-1/#comment-36599 Dave Wed, 02 Dec 2009 01:56:56 +0000 http://blog.canadian-dream-free-at-45.com/?p=1163#comment-36599 My desired retirement income is pretty low, if my pension is around, it would allow me to live someplace warm for part of the year so I can golf year-round :), if not, I can take a few months off a year. I get minimal choice (none) in pension plans at my work, I get about $700 in RRSP room per year. My desired retirement income is pretty low, if my pension is around, it would allow me to live someplace warm for part of the year so I can golf year-round :) , if not, I can take a few months off a year.

I get minimal choice (none) in pension plans at my work, I get about $700 in RRSP room per year.

]]> By: Bean http://blog.canadian-dream-free-at-45.com/2009/12/01/pension-collapse-or-poor-planning/comment-page-1/#comment-36567 Bean Tue, 01 Dec 2009 18:42:27 +0000 http://blog.canadian-dream-free-at-45.com/?p=1163#comment-36567 I'm a member of a bank DB plan in Canada. We're very well funded at this point and I'm so far off from retirement that I'm not really concerned. Assuming I stay with my current employer the plan would probably only make up, at best, half of my desired retirement income. I chose the non-contributory option which still gives me a small credit for my years of service but doesn't kill my RRSP room so I can still save and build up my own nest-egg. One view that I like is to look at your DB plan as part of your fixed income component of a portfolio. I’m a member of a bank DB plan in Canada. We’re very well funded at this point and I’m so far off from retirement that I’m not really concerned. Assuming I stay with my current employer the plan would probably only make up, at best, half of my desired retirement income. I chose the non-contributory option which still gives me a small credit for my years of service but doesn’t kill my RRSP room so I can still save and build up my own nest-egg.

One view that I like is to look at your DB plan as part of your fixed income component of a portfolio.

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