Archive for September 2011
Net Worth Update Sept 2011 (-0.64%) – The Volatility Continues
Welcome to the Million Dollar Journey September 2011 Net Worth Update – The Volatility Continues Edition. For those of you new to Million Dollar Journey, a monthly net worth update is typically posted near the end of the month (or beginning of the next) to track the progress of my journey to one million in…
Read MoreWhat is a Pension Adjustment (PA)?
Whether you’re a member of a defined benefit (DB) or defined contribution (DC) pension plan, you’ll receive a pension adjustment (PA) each year. It’s important to understand what a PA is because it affects the maximum amount you can contribute to your RRSP each year. Let’s explore the PA, how it affects RRSP room and…
Read MorePension Basics: The Commuted Value
If your employer provides you with a defined benefit (DB) pension consider yourself lucky. According a 2009 study by Statistics Canada, fewer Canadian employees are covered by DB plans today. In 1991 41 per cent of Canadians were covered by DB, while in 2006 only 30 per cent of employees were covered. If you have…
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