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Farewell, EpiPens, Ombudsman Report and #MoneyTalk
Last week, we said goodbye to the Olympics and as well, to the Tragically Hip. I was never a rabid Hip fan, but I enjoy a great deal of their music (and if you listen closely to the lyrics, you might just learn something about Canada). Some might say, life goes on , but that doesn’’’t mean we can’’’t feel sadness about the passing of time. Also, the summer is also almost over.
How much are you willing to pay to save your life? The entire price of EpiPen silliness in the U.S. really does make me wonder if big drug companies assume they are like banks and can charge whatever they want, and there will be no repercussions. As a stockholder in Pfizer (still) I suppose I am a hypocrite for making that comment. However, Pfizer’s big money-maker is still Viagra, and if you want to gouge men who want to have a drug which has a possible side effect of “… an erection lasting more than 4 hours…”, then so be it.
I was disturbed to read the Ontario Ombudsman’s report “Nowhere to Turn”, where the Ombudsman called for systemic overhaul to help adults with developmental disabilities in crisis. The quote in the report that concerns me is:
There is still marked inconsistency in how limited funds are prioritized and distribute and families struggle with interminable waitlist delays, leaving some so desperate that they have abandoned their loved ones.
Ontario Ombudsman
My Writings for Week Ending August 26th
I started the week writing about inflation, and the arithmetic cogitations that make the numbers appear good, but the calculations that tell a different story, with Electricity Prices Continue to Sizzle in July. Electricity prices continue to go up (especially here in Ontario), while gas prices appear to be dropping which are nullifying the effects of the electricity price jump. Fun with Numbers.
I also had a lovely conversation with one of my favorite folks, Kerry from Squawkfox, and she was doing research for some work she is doing for the Globe and Mail. The topic of RESPs came up, and I remembered that I had started an article RESP Proof of Enrolment and its importance to the cashing out of the RESP funds, so I finished that one off. I typically get inspired when I chat with smart money folks, so thanks Kerry.
An Excellent Question
An interesting question from a follower:
RESP Proof of Enrolment
I have written before about Money to Get Money, complaining about how extricating your money from your child’s RESP is an overly complex process, but let me step back and explain the importance of the… Read More »RESP Proof of Enrolment
Electricity Prices Continue to Sizzle in July
Electricity prices continue to rise in Canada (especially in Ontario) in July 2016 but gasoline prices keep inflation down.
Obnoxious 30-Year-Old Retirees, Olympics and #MoneyTalk
This week a great deal of kerfuffle was kicked up when a couple of 30-year-olds claim they have retired, and were telling folks how they did it (some folks say boastfully). While I know folks who have retired in their 30’s (only to go back to work, because they were a little bored, and also decided they might need a little more money), the idea of “retiring” at 30 seems to be the new Nirvana for millennial folk. Given this generation is going to live longer than my generation, what will they do while “retired”?
Even Garth Turner kicked in his 10 cents worth on the topic, and Preet discussed this with the morning crew at Global too (see the week’s Tweet for that one). If you manage to retire young, on the back of your parents’ assets then pish-posh on you, but if you earn it, through the sweat of your own brow, then good on you! Most folks who will bash folks like this are mostly bitter, narrow-minded financial bloggers (no, wait, that is me); jealousy is never a good reason to mock other folks’ achievements.
I was sad to see the passing of Mauril Belanger (MP with ALS). ALS is a frightening disorder (not that any lethal disorder is better or worse), let us hope the work he did, gets us closer to a way to treat this destructive disorder.
My Writings for Week Ending August 19th
As I get older I keep forgetting about helpful technology, especially in the world of banking, and my article, Old Financial Technology Habits Die Hard outlines how I forgot about photo cheque cashing as a technology (shame on me, I am not a Luddite).
I am attempting to work on my article backlog, and I found one I started a while ago based on a BuzzFeed post that I saw. Little Known Secrets of Financial Planning, is no great epiphany, in fact I get downright sarcastic.
Preet on Early Retirement
Preet is on TV a lot these days, it seems. I have been told I have a face for Radio.
