Short Takes: Mortgage Rules, Fiduciary Rule Rollback, and more

Here are my posts for the past two weeks:

Sharing Vacation Costs

Money Skills and Spouses

Here are some short takes and some weekend reading:

Canadian Mortgage Trends reports that “Mortgage Professionals Canada has asked the Department of Finance for a moratorium on mortgage rule changes until the effects of the current changes are known.” They have 5 specific recommendations. My recommendations are different. I call on the Department of Finance to do what is necessary to protect taxpayers from the possibility of having to backstop losses if we have a significant real estate downturn. Further, I call on them to pay little heed to any organization whose primary concern is transaction volume and has minimal skin-in-the-game.

John Bogle comments on the likely rollback of the fiduciary rule in the U.S.

Tom Bradley at Steadyhand offers some interesting questions to ask your financial advisor about fees and services.

Financial Advisor Tim Paziuk says CRM2 did not go far enough in mandating clear disclosure of all mutual fund fees.

Canadian Couch Potato interviews Andrew Hallam in his latest podcast. Hallam thinks investors’ biggest mistake is paying attention to market forecasts in the media.

Boomer and Echo explain why an RRSP loan isn’t always a good idea.

Big Cajun Man reports that the Canadian economy keeps creating more part-time jobs.

Million Dollar Journey reviews retirement calculators. Each one seems to have fairly serious limitations.