Short Takes: Bogle Speaks, Despicable Heirs, and more

Here are my posts for this week:

RRIF Withdrawal Rates do not have to Rule Your Life

RRIF Minimum Withdrawals are Designed for a 6% Real Return

Here are some short takes and some weekend reading:

Charles Rotblut interviews John Bogle (founder of Vanguard) about index funds, ETFs, and more. Bogle has a great way of explaining important investing concepts very clearly.

The Blunt Bean Counter makes some interesting observations about the different types of people who are expecting an inheritance. They range from decent people to the despicable.

Life Insurance Canada says that it’s hard to deal with insurance companies that sell directly online without an insurance broker. We can be justified in being suspicious of the opinion of a broker who doesn’t like companies that don’t use brokers, but the experiences described seem genuine.

Million Dollar Journey has the story of 29-year old Sean Cooper who has amassed a net worth of $500,000. Many would find his measures extreme, but even a small slice of Sean’s methods would help the finances of most young people.

Big Cajun Man thinks the government-supplied thermostats that allow the government to turn off your air conditioning during peak electricity usage times are a good thing. I think it’s a great idea for everyone other than me to get such a thermostat.

My Own Advisor updates his progress toward his financial goals. He achieved the goal of maxing out his and his wife’s TFSAs by moving assets from a non-registered account. While this may be a smart move, it sounds a little like a cheat because it’s not really new savings. I guess it comes down to whether the intent of the goal was to control spending enough to grow TFSA savings or if the goal was simply to fill the TFSAs.