Short Takes: Mutual Fund Investor Confusion, Long-Term Care Insurance, and more

Here are my posts for the past two weeks:

“Household Savings Rate” is Highly Misleading

Test Your Debt Savvy

Tax-Free Contributions to a Group RRSP are not a Special Tax Break

Crappy Retirement

Here are some short takes and some weekend reading:

Kerry Taylor explains mutual fund fees for investors who think they don’t pay any fees. The challenges she describes in helping people understand the fees they pay is something I’ve encountered myself.

Can I Retire Yet? has some clear thinking on long-term care insurance. He analyzes the important parts of policies and shows how he made his decision of whether to buy or not.

Preet Banerjee explains why you should calculate your net worth annually in his latest Drawing Conclusions video.

Canadian Couch Potato explains the recent changes to Vanguard’s All-World ex Canada (VXC) ETF to include mid and small cap stocks.

The Blunt Bean Counter takes on the questions of whether rich people will leave Canada or cut back on how hard they work if income tax rates go over the psychological 50% barrier. His 25 years of working with high net worth people gives him useful insights on these questions.

Boomer and Echo say that having multiple income streams is better than having an emergency fund. This is true, but until you have those multiple income streams in place, you should have an emergency fund.

Big Cajun Man has a very different take on how to indulge yourself by splurging.

My Own Advisor offers advice to millennials on saving and investing.