Comments
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- wayne harvey
- - February 10, 2012 at 10:10:02
I have some RRSP savings. GIC, I believe, ( whatever those are). I just set up a RIF( income fund) to augment my CPP, my NL govt. pension and my recently aquired OAS.Of course when I sterted to receive the OAS, my NL pension got "clawed back". Even though I knew about the "clawback", it still came as a sobering fact of life when it occured. Now, being a selfish SOB, I really don't think that any money that has been worked for( and some of that same money having been used to contribute to a pension plan) should go anywhere except where it was intended---- into my bank account.In an ideal world we would reap what we sow but, as someone aluded to in a previous comment , women do benefit from having children in that their welfare money gets a boost with every new little bundle of joy that is brought into this vale of tears. Little gifts from God, I might add , that do not have a prayer in life right from the start. If you are entitled to benefits , both public and private, you should be able to avail of them. No exceptions.Yes, monitor the welfare abuse which is rampant and give more to those citizens who have not been a drain on the public all of their lives. I have a blanket contempt for those parisites who make no contribution tho the coffers but who, in the long run, are just as well off as I am. In closing, I would suggest reading a little of Will Rogers. He said , in that quaint American accent" The Lord "sho" must have loved Poor Folks, cause He made so many"
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- Greg
- - February 10, 2012 at 08:27:47
Only 2.2% of the GDP? Does this woman realize the military "only" accounts for 1.14% of the GDP??? The OAS costs almost twice as much as national defence and it's not a big deal???
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- Al
- - February 9, 2012 at 19:51:59
What I don't understand is this. I have a locked in Registered Savings Plan that, I am told, has to be unlocked and disposed of in savings or some sort of account after taxes, before I'm 65 years old, or I will lose access to it and it would go to my beneficieries. Now when I turne 65 years the government will claw back $426.00 per month. The amount of money in the RSP would replace that $426.00 per month and last for about 5 years, but government and bank regulations won't allow me to do that. If there is someone out there that can prove this wrong and could advise me then I look forward to hearing from you. To me this doesn't make sense and if I'd known this I would not have put this money away for a rainy day.
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- Eileen
- - February 9, 2012 at 14:53:41
Why are they targeting the people who have worked all their lives and deserve this. Cut the welfare and make it harder to get. Then we can stop more women from having babies in orfer to get it. Those people qualify for the big bucks for every credit. Seniors have to pay for their drugs. They don't get any free handouts only what they have worked for. Let the welfare work for theit money too
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- VIrginia
- - February 10, 2012 at 08:26:50
Eileen>>>>> Well said.>>>>>>>I agree.
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Al you should check with your bank investment officer. I understand you must withdraw before you reach the age of 71 or transfer account balance to a RIF and take a monthly annuity.