Sort of retirement plan
Mar 26th 2018, 8:42 pm
#137
Lowering the tone
Joined: Mar 2007
Location: Here and there
Posts: 7,357
Re: Sort of retirement plan
Fred drift, but how on earth do American prisons find it difficult to execute people with an injection? I reckon every cell in the country probably contains enough shit to kill a buffalo.
Mar 26th 2018, 9:09 pm
#139
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 50,955
Mar 26th 2018, 11:20 pm
#141
BE Forum Addict
Joined: Jul 2014
Posts: 1,232
Re: Sort of retirement plan
Does the system in Canada provide funding for seniors who can no longer care for themselves but have no funds or family.
Its just me and my wife and one of us will die before the other and as we have no kids there wil be no family around in our old age as our parents will be gone by then.
Its just me and my wife and one of us will die before the other and as we have no kids there wil be no family around in our old age as our parents will be gone by then.
Mar 26th 2018, 11:58 pm
#142
Account Closed
Joined: Jan 2006
Posts: 0
Re: Sort of retirement plan
I had a friend who died late 2016. He had no work pension. With his and wife’s OAP, CPP, they qualified for GAINS assistance, and GIS. They had a total gross income of about $25,000 p/a and a small but very comfortable, subsidized one bedroom apartment at $525 monthly. Believe it or not they lived quite well. Not frugally but carefully. Ran a small car, took vacations. So, it’s not always how much you earn/get but more what you do with what you earn/get.
Mar 27th 2018, 12:11 am
#143
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 50,955
Re: Sort of retirement plan
I'd never heard of that.
Ontario and between $2.50 and $83 a month.
NB does a low income seniors benefit too. It's $400 for the year paying GIS recipients and OAS recipients 60-64.
My MIL missed it last year because, as is typical, it's not well publicised. I discovered it while browsing a magazine for seniors. An article, not an advert.
I've never seen it mentioned in the newspaper and having spent 30 odd years dealing with this sort of thing, it interests me and I'd expect to see it.
Ontario and between $2.50 and $83 a month.
NB does a low income seniors benefit too. It's $400 for the year paying GIS recipients and OAS recipients 60-64.
My MIL missed it last year because, as is typical, it's not well publicised. I discovered it while browsing a magazine for seniors. An article, not an advert.
I've never seen it mentioned in the newspaper and having spent 30 odd years dealing with this sort of thing, it interests me and I'd expect to see it.
Mar 27th 2018, 7:49 am
#144
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Sort of retirement plan
Seems to be more and more common. My mom likely can never retire, my dad was lucky in getting a school district job in 1978 which comes with retirement benefits and spent 38 years there so was able to retire at 58 last year.
Old age scares me as I have no ide how ill survive once I cant work.
Old age scares me as I have no ide how ill survive once I cant work.
examples for two
BC
https://www2.gov.bc.ca/gov/content/g...ent-rate-table
Ontario
https://www.ontario.ca/data/guarante...-benefit-rates
Mar 27th 2018, 1:49 pm
#145
BE Forum Addict
Joined: Oct 2008
Location: Near the Northern Lights
Posts: 1,466
Re: Sort of retirement plan
I didn't read all the posts but the ones that I read were mostly about investing in residential units for rental income. But has anyone suggested investing into commercial property?
Some of the pros that I know are higher returns per sq. foot, less maintenance requirements, property taxes and condo fees are mostly the tenant's responsibility, and above all you can chuck the tenant out much more easily in case of problems since the law favours the landlord as opposed to residential tenancy agreement which mostly favour the tenant. Thoughts?
Some of the pros that I know are higher returns per sq. foot, less maintenance requirements, property taxes and condo fees are mostly the tenant's responsibility, and above all you can chuck the tenant out much more easily in case of problems since the law favours the landlord as opposed to residential tenancy agreement which mostly favour the tenant. Thoughts?
Mar 27th 2018, 2:29 pm
#146
Nuther day in paradise.ca
Thread Starter
Joined: Aug 2008
Location: Ajax, Ontario
Posts: 7,263
Re: Sort of retirement plan
I didn't read all the posts but the ones that I read were mostly about investing in residential units for rental income. But has anyone suggested investing into commercial property?
Some of the pros that I know are higher returns per sq. foot, less maintenance requirements, property taxes and condo fees are mostly the tenant's responsibility, and above all you can chuck the tenant out much more easily in case of problems since the law favours the landlord as opposed to residential tenancy agreement which mostly favour the tenant. Thoughts?
Some of the pros that I know are higher returns per sq. foot, less maintenance requirements, property taxes and condo fees are mostly the tenant's responsibility, and above all you can chuck the tenant out much more easily in case of problems since the law favours the landlord as opposed to residential tenancy agreement which mostly favour the tenant. Thoughts?
Mar 27th 2018, 2:55 pm
#147
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 50,955
Re: Sort of retirement plan
But has anyone suggested investing into commercial property?
Some of the pros that I know are higher returns per sq. foot, less maintenance requirements, property taxes and condo fees are mostly the tenant's responsibility, and above all you can chuck the tenant out much more easily.
Some of the pros that I know are higher returns per sq. foot, less maintenance requirements, property taxes and condo fees are mostly the tenant's responsibility, and above all you can chuck the tenant out much more easily.
And if you evict a commercial tenant, how long before you start getting an income again?
Mar 27th 2018, 3:42 pm
#148
Assimilated Pauper
Joined: Mar 2005
Location: Ontario
Posts: 40,020
Re: Sort of retirement plan
Just to blend the themes of the thread. I have some dealings with an estate agent who specializes in nursing homes. According to him, running a nursing home is not for the faint hearted nor for people who haven't worked in one. "The staff will rob you blind, you'll run out of money, and then I'll have to sell it again" he said, gleefully.
Mar 28th 2018, 11:41 am
#149
Account Closed
Joined: Feb 2009
Posts: 0
Re: Sort of retirement plan
There's something about Fridays here. My doc used to not 'do' Fridays and their answering machine was similar.Are you throwing in your fancy coffee machine?
Are you satisfied with your realtors? (Phil Albert did well for me, although I sold the duplex at a loss price-wise. Fortunately the rental income more than made that up)
Dr, Dentist and Osteopath dont work Fridays! I would throw in the Mrs and a kidney for a sensible offer at this point
..... But not the coffee machine 
We are on our second realtor which has yielded more viewings but I think that its more a question of it being a buyers market. I wish that they would stop building so many houses as its compounding the problem and depressing prices of existing stock.