well it (was)* a pretty close race

maybe this is an opportunity to open up the question of "are all trump voters trump cultists" and thus should they be treated as such

for example, some rand dude up here in leaf country was waving a trump flag by the airport today. he was promptly arrested and the hatred on social media was (in my opinion) over the top

This post was edited by proccy on Nov 17 2020 06:40pm

Not all

Just most

See how selectively choosing what to reply to and what not to reply to everyone?

They don't want proof, they just wanna win.

You know I didn't really care who won the US election to be honest and didn't even watch it but these threads lately have been pretty persuasive.

I'm definitely more blue now.

biden’s potential admin is going to modify individual retirement plan contributions to make it easier for the govt to seize and provide “annuities” to those to have them. just like social security

that make you more blue?

I am not for government discresion over deciding what my defined contribution plan gets rolled into.

Is it typical for Americans to roll everything into annuities as is?

We in Canada just have required draw down rates that start at the age of 71. Ofcourse the asset allocation is at your sole discretion or you can of course have an advisor or use mutuals.

Our draw down rates are far below average growth rates, they go up as you get older but they're still pretty small.

This post was edited by SBD on Nov 17 2020 08:06pm

Man... I hope you know the shit show going on in this US is gonna roll over into Canada Land eventually. Where's Tredeua probably spelled wrong at right now?

I don't think we need to worry about Biden making Canada more left. The greatest concern is Alberta's oil fields which will will eventually have to be phased anyway and Alberta will need to find something else to contribute to Canada's gdp.

the individual no, but we are coerced under penalties of fines and prison to contribute to an annuity scheme. our social security is rolled into this. it is the 15.3% of every paycheck issued EVER since its inception which is called the “payroll tax” - half is paid by the employee half by the employer

if you are self-employed, you pay both ends of it

all the money went into a general fund since its inception. just cash sitting there earning no interest. our beloved govt didnt even put it into an index fund

This post was edited by excellence on Nov 17 2020 08:14pm

Oh. That's the same with our CPP, same rules as well. Our rate is 5.45% for both employer and employee. Same rules with self employed as yours.

We have no control and I won't even get it most likley since your payment after 65 (typically, you can pull early or delay it) is clawed back 15 cents for every dollar earned over approx 77k.

I'm quite certain our system is currently more punishing since I'll never even see all that money I contributed to my Canada pension plan.

It makes sense since I'll be earning much more than the average person in retierment but still hurts I'll never see that money.

Our system is also ancient, it was designed when life expectancys were far shorter so by the time I retire anyway its likley cpp will be depleted. Gov't never predicted having to pay people from 65 to 85. Used to be 65 to 70 when it was initially designed


This post was edited by SBD on Nov 17 2020 08:24pm