Category Archives: General

Canada's "Idiot Millionaire" visits Saskatchewan

Canada’s “Idiot Millionaire”, Derek Foster, is coming to Saskatchewan!

Join Derek, the Idiot Millionaire, at one of the following events to learn about his simple investment approach and how it can be a part of your journey into retirement.

Regina: August 13 – 11:30 am

Hosted by: Regina Chamber of Commerce
Lunch at Conexus Arts Centre Theatre lobby
200A Lakeshore Drive

Register: online at reginachamber.com or 1-306-757-4658
Costs:
Members: $35 pre-registered/Door: $40
Non-members: $50 pre-registered/Door: $55

Saskatoon: August 17 – 7:30 am

Hosted by: North Sask Business Assoc & Saskatoon Chamber of Commerce Breakfast at Saskatoon Club
417 21st St E

Register: by email info@nsbasask.com or 1-306-242-3060 register by 10 am August 16
Costs: All attendees $18

Bestselling Books:

  • Stop Working
  • The Lazy Investor
  • Money For Nothing
  • The Idiot Millionaire
  • Stop Working Too: You Still Can

Each attendee will receive a $10.00 coupon towards the purchase of one of Derek’s book available at the event.

May contest: Get to know SPP

Thank you to everyone who entered the April contest. The winner will be contacted via email.

Get to know SPP by entering our contest on this blog.

All you have to do is answer one simple question about SPP and your name will be entered for a chance to win one of the following books:

The Wealthy Barber Returns by David Chilton

Retirement’s Harsh New Realities by Gordon Pape

Count on Yourself by Alison Griffiths

The Worried Boomer by Derek Foster

Or a $20 gift card.

There are 3 separate contests (March, April and May) each with a different question. Answer the question and enter for your chance to win by clicking here!

You can even get additional chances to win by telling a friend about the contest.

Please check out the contest today!

April contest: Get to know SPP

Thank you to everyone who entered the March contest. The winner will be contacted via email.

Get to know SPP by entering our contest on this blog.

All you have to do is answer one simple question about SPP and your name will be entered for a chance to win one of the following books:

The Wealthy Barber Returns by David Chilton

Retirement’s Harsh New Realities by Gordon Pape

Count on Yourself by Alison Griffiths

The Worried Boomer by Derek Foster

Or a $20 gift card.

There are 3 separate contests (March, April and May) each with a different question. Answer the question and enter for your chance to win by clicking here!

You can even get additional chances to win by telling a friend about the contest.

Please check out the contest today!

Get to know SPP

Get to know SPP by entering our contest on this blog.

All you have to do is answer one simple question about SPP and your name is entered for a chance to win one of the following books:

The Wealthy Barber Returns by David Chilton

Retirement’s Harsh New Realities by Gordon Pape

Count on Yourself by Alison Griffiths

The Worried Boomer by Derek Foster

Or a $20 gift card.

There are 3 separate contests (March, April and May) each with a different question. Answer the question and enter for your chance to win by clicking here!

You can even get additional chances to win by telling a friend about the contest.

Please check out the contest today!

Is topping up 2011 SPP contributions on your “to do” list?

To-do

If you are like most of us, maximizing contributions to the Saskatchewan Pension Plan and other retirement savings plans is at the top of your “to do” list every February.

Because 2012 is a leap year, you have until Wednesday February 29th to increase your 2011 SPP contributions to the annual maximum of $2,500.  SPP must receive your contribution on or before the deadline.

If you want to make sure you get your money to us in time, consider contributing:

  • In person or by telebanking at your financial institution.
  • By phone using your credit card; or
  • Online from the SPP website.

And don’t forget that throughout the year you can also make monthly contributions by pre-authorized chequing from your bank account or contribute by mail.

If you make regular monthly contributions, you’ll hardly notice it, and at this time next year you will already have “contribute to SPP” crossed off your “To Do” list

Welcome to savewithSPP.com

Welcome to the Saskatchewan Pension Plan’s (SPP) blog – a new way for us to keep current members informed and reach out to prospective new members. Beginning December 1, we are going to be blogging regularly and you can also follow us on Facebook and LinkedIn.

We will be posting podcasts with interviews of people behind the SPP, frequently asked questions, financial tips and links to personal finance articles written by top authorities across the country.

In a Toronto Star article late last year, the SPP was described as “Canada’s best kept secret.” Our new social media initiative is designed to make sure that secret is a thing of the past.

The fact is, SPP is a program developed ahead of its time. This plan, started 25 years ago is what many jurisdictions now desire. Anyone between age 18 and 71 is eligible to join, regardless of where they live and whether they are members in other plans, as long as they have unused RRSP contribution room.

It is a fully-funded capital accumulation plan created by the Saskatchewan government to provide supplementary retirement income to individuals with little or no access to employer-sponsored pensions.

Last December the federal and provincial governments announced that the maximum contributions would increase to $2,500 and that contributions would be subject the RRSP contribution rules. Members may now also transfer up to $10,000 a year from RRSPs, RRIFs and unlocked RPPs.

As of December 31, 2010, the SPP had close to 32,000 members and over 11,000 members received a pension from the Plan.  The market value of the fund was $192.5 million.

 So far in 2011, 931 new people have joined the plan. Our goal is to register over 1,000 new members before the end of the year.

In a recent article in the August/September 2011 issue of the CGA Ontario magazine Statements, author Flavian Pinto called the SPP “another option in retirement planning and a possible model for a better future than we have now – a glimpse into the future of pension plans.”

You and your friends can be part of this future.

Help us to spread the word. RSS savewithSPP.com, “like” us on Facebook or connect with us on Linked in. Make sure your friends are “in on the secret” so they too can make the SPP part of their retirement savings strategy.

Katherine Strutt

General manager

Saskatchewan Pension Plan

Also read: 

Is this small pension plan Canada’s best kept secret?
Saskatchewan’s new pension plan – Canada’s first PRPP?
Pooled Pension Plans
Saskatchewan Pension Plan and Changes to the Income Tax Act