The list includes me and via my Twitter feed, a nod to the Financial Independence Hub. It also notes my affiliation with MoneySense.ca, for whom I am Editor-at-Large.
Last week, Sun Life Financial also announced its list of top Money writers for 2014, which includes the Globe & Mail’s Rob Carrick, and the Toronto Star’s Ellen Roseman.
I’m not sure what exactly the distinction is between Money and Retirement, but I suppose it’s the kind of fine distinction I myself make between Retirement and Financial Independence.
As I remarked on Twitter, there is a little irony about being categorized as a retirement writer, since this site labours to make a distinction between the traditional concept of Retirement and the evolving one of Financial Independence, or Findependence.
Thus far, however, I don’t believe Sun Life has a category for Top Findependence Writers, and I suppose the Hub should take that on itself. We already do in a way: click on our Best Blogs tab for a list of the Plutus award winners. Continue Reading…
Unretirement is a concept not unlike Findependence or Financial Independence; it’s also the title of a recently published book by Chris Farrell, Bloomberg Businessweek columnist and senior economics contributor for American Public Media’s syndicated radio show, Marketplace.
I’ve also seen the term Unretirement used by Sun Life Financial in Canada but that seems to be more a marketing term the company uses to promote its surveys on traditional retirement. That survey has been going for six years now, which certainly predates the publication of Farrell’s UnretirementContinue Reading…
One of the strongest arguments made by investment industry groups against banning embedded commissions – or the trailer fees paid to advisors when you purchase mutual funds – is that investors don’t want to pay up-front for financial advice.
Advocis, which represents financial advisors across Canada, as well as the Mutual Fund Dealers Association, believe things are fine just the way they are, claiming, “investors prefer to pay for financial advice through fees that are part of their mutual funds.”
These arguments are used to convince regulators that a ban on trailer fees would only hurt investors, with potentially “devastating consequences” for those who are just starting out and don’t have the means to pay directly for advice.
After Robb revealed his “conversion” and I appealed for other readers with similar stories, readers started to come out of the woodwork. In one of the cases, the “confession” appeared first at MoneySense and now The Hub.
In addition to the two readers profiled in the MoneySense blog, I’ve already started to receive more emails from other “pure” readers. Please let me know by emailing me at firstname.lastname@example.org. Hopefully, we’ll discover that there are a lot more than the half dozen I’m so far aware of.
I’ve republished the original version of the blog below and included photographs of the two readers that were not included in the MoneySense version:
Pure indexers step forward
Early in January, popular blogger and fee-only financial planner Robb Engen announced on Twitter and his Boomer & Echo site that he had finally bitten the bullet – he’d liquidated his portfolio of individual dividend-paying stocks in order to become a 100% “pure” indexer. Continue Reading…
Once you hit the Decumulation years, a common option new retirees consider is Downsizing from a large urban home. Friends of ours on our street are about to put their home up for sale in order to move to a small town an hour away. The difference in the home values will constitute a major nest egg to supplement meagre government pensions and part-time work.