By Sheryl Smolkin
Today we report on a series of interesting blogs with no particular theme.
If reality shows like Income Property have you thinking about whether or not you should buy and rent out part of your house to help cover the mortgage, you may want to read Sean Cooper’s blog 5 Lessons Learned as a First Time Landlord on Million Dollar Journey.
There is a lot of media coverage lately about the merits of buying index funds to keep fees down and ultimately earn more than if you invest your savings in actively traded mutual funds. On Boomer & Echo, Robb Engen says active investing may not be dead yet in Score One For Active Management? Check Out These Index Beating Funds.
Every dollar counts when you retire, so you want to make sure you get everything that’s coming to you from the Canada Pension Plan. But on Retire Happy, Jim Yih says that of the CPP audits that he has conducted in the past six months, almost half of the clients were receiving less than they were entitled to because not all earnings were included in the pension calculation. He has suggestions how you can ensure you are being paid the correct amount of CPP.
My Own Advisor gives a Financial Literacy month primer on Old Age Security benefits and offers his controversial wish for OAS: keep it afloat but overhaul this sacred cow so any individual senior making $70,000 or more is ineligible for OAS benefits.
And finally, on Brighter Life, Kevin Press asks, Should we worry about seniors living in poverty? Answering his own question, he says that although one in five Canadians is worried about being able to cover basic living expenses in retirement, we live in a country considered a world leader in the fight against senior citizen poverty.
Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere. Share the information with us on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.