Commute Historically High Pension To Buy Stocks?
"Unique opportunities sometimes come in extreme times.
The one detailed below on commuting the value of your pension won’t be an option for many, but for those with the ability to take advantage, it could meaningfully improve their retirement finances for years to come.
This opportunity is based on three fundamental facts.
First, the current or commuted value of your pension is much higher when interest rates on 5 Year Canadian Bonds are low. The five-year bond is trading near historic lows, at 0.57 per cent at the time of writing.
Secondly, you can use the paid-out pension money to buy some very solid long-term Canadian investments with dividend yields of six per cent or more."
https://business.financialpost.com/pers ... -a-pension
There are still some opportunities to switch in my industry? maybe a buyout soon for some people if it stays bleak enough? (250k plus, late 80's millennial)
The one detailed below on commuting the value of your pension won’t be an option for many, but for those with the ability to take advantage, it could meaningfully improve their retirement finances for years to come.
This opportunity is based on three fundamental facts.
First, the current or commuted value of your pension is much higher when interest rates on 5 Year Canadian Bonds are low. The five-year bond is trading near historic lows, at 0.57 per cent at the time of writing.
Secondly, you can use the paid-out pension money to buy some very solid long-term Canadian investments with dividend yields of six per cent or more."
https://business.financialpost.com/pers ... -a-pension
There are still some opportunities to switch in my industry? maybe a buyout soon for some people if it stays bleak enough? (250k plus, late 80's millennial)
