Оглавление
Trahair David. Enough Bull
About the Author
Acknowledgements
Introduction
Part ne. The Antidote – A Six Point Plan for Financial Freedom
Chapter 1. Avoid Personal Financial Disasters
The Ponzi Scheme
Bernie Madoff
Our Very Own Canadian Fraud
Extraordinary Popular Delusions
Other Potential Disasters
How to Prevent Personal Financial Disasters
Conclusion
Chapter 2. You Don’t Need the Stock Market or Mutual Funds
The Worldwide Economic Meltdown
The United States
The Recovery
What Caused the Meltdown
The Vicious Spiral
Who Wants to be Rich?
Why You Don’t Need Stocks
Why You Don’t Need Mutual Funds – Risk
Those Darn Mutual Fund Fees!
We Won’t Get Fooled Again
Chapter 3. Buy a Home and Pay off the Mortgage
Can I Afford a House?
Just How Much House Can You Afford?
Your Credit Report
Your Home as an Investment
Conclusion
Chapter 4. Reducing Expenses Doesn’t Have to Be Painful
Reducing the Interest You Pay
Debt and the Economy
Reducing Taxes
Pension Income Splitting
Self-Employment – King of the Income Splitters
Conclusion
Chapter 5. Forget RRSPs Until Your Debt is Paid Off (The Opportunity Zone)
Pretend the Stock Market Does Not Exist
The RRSP Fallacy
Compound This
The Tax Turbo-Charged RRSP
A Word about Your RRSP Limit
Do You Trust the Stock Market?
Conclusion
Chapter 6. You May Not Need an Investment Advisor
My Story
What to Look for in an Investment Advisor
For Those Who Have a Lousy Advisor
No Advisor is Better than a Bad One
Henry’s Story
Conclusion
Part Tw
Chapter 7. The Canada Pension Plan
What is the Canada Pension Plan?
How they Calculate CPP premiums
How they Calculate the CPP Pension
How the CPP adjusts for Inflation: The YMPE
CPP Pension
The New CPP Rules
Drop-out Provision
How to Apply for your CPP Pension
My Service Canada Account
How to Register for My Service Canada Account
How to Calculate your CPP Retirement Pension
Money Saving Tip – CPP Pension Sharing
CPP Pension Sharing Example
When Should I Elect to Receive CPP?
Warnings
Conclusion
Chapter 8. The Money Maximizer
Why Work Against the Taxman?
The Value of Time
The Time Value of Money
The Money Maximizer Spreadsheet
Meet Pat and Jane
Pat and Jane: The Assumptions
Pat and Jane: The Results
Pat and Jane Try Income Splitting
Putting the RRSP “Start Late” Theory to the Test
Pat’s Turbo-Charged RRSP
Conclusion
Chapter 9. Retiring Without the Stock Market
The Devastating Effect of the Crash
Are You Going to Throw Good Money after Bad?
You Can Still Retire Well
Other Ideas
Conclusion
Chapter 10. You May Not Need an RRSP
A Common Misconception
Alternatives to RRSPs
Investing Outside Versus Inside an RRSP
Investing in Real Estate
Investing in Your Own Business
Invest in a Tax-Free Savings Account
The TFSA as an Income Splitter
Opportunity for Retirees
Does Anyone Have $5,500 Outside a Registered Account?
Why the TFSA is Better than an RRSP for Home Buyers
The RRSP Home Buyers’ Plan
Keeping Profits in a Corporation
Conclusion
Chapter 11. The Antidote Summary
Отрывок из книги
DAVID TRAHAIR, CPA, CA, is a speaker, national bestselling author and financial columnist for CPA Magazine. His other books include Smoke and Mirrors: Financial Myths That Will Ruin Your Retirement Dreams, Crushing Debt: Why Canadians Should Drop Everything and Pay Off Debt and Cash Cows, Pigs and Jackpots: The Simplest Personal Finance Strategy Ever. He is known for his ability to explain the often-confusing world of personal finance in plain English. Canadians appreciate his no-nonsense style and the fact that his views are totally independent because he does not sell any financial products. He currently operates his own financial consulting firm and gives seminars on his books to accountants in B.C., Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia.
I’d like to dedicate it to two other significant people in my life. First, to my mom, Florence Trahair, who passed away in 2008 at age eighty-two. She was always my biggest supporter. I felt her presence as I wrote this book. And second, to my father-in-law, Jack Baxter, who passed away in 2006 at age sixty-eight. Jack was one of my best buddies. He taught me how to enjoy life. I know he enjoyed each and every day of his.
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The advisor goes on to describe the trip.
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