The RDSP is Rigged for Anyone Living With a Disability

 Money is a tricky thing, no one goes around town blurring out their networth or how much they have in their savings account. 

The reason for this is simply because money is a touchy subject. Most of the time, where we sit financially is from how well our parents did financially. This is a hard reality we always should strive to work for our success. 

The main reason why we don't talk about our finances is because we are all in different stages of the pyramid for lack of better term. For one, 5,000 dollars could be a lot of money but for another person 5,000 is pocket change. 

Despite the numbers being personal, we should always be allowed to share strategy of how to become secure with money. 

Before I get into that, let me explain how rigged the RDSP is to Canadians. 

I have one unfortunately and I'm not happy with the terms. I put $125 into the RDSP every month and the government doubles that to the account. It sounds great and all but there is a catch. I can't take any money out without penalty until I'm 60 and when I am 60, I have to divide the total of my RDSP by 23. From what I have read and understood, that means that I have to live until 83 to reach the rewards and all the benefits. 

This is a problem because the average Canadian male lives until 78. However, I have Cerebal Palsy and can't imagine living until 78. Therefore, I won't be getting all the money back I put into it. For instance, my RDSP has about 72,000 in it. Give or take but I haven't check in awhile and I'm only telling you this to put my example in perspective.     

I have been over 18 for 110 months now. So 110 * 125 is  13,750. I have put 13,750 in my RDSP. Looking at the penalties that are there if I take money out is three quarters goes back to the government. That means that 72,000 / 4 = 18,000. 

If my math is correct, that means I have gained 4,250 from starting one. Sounds amazing but I can't take that money out until I'm 60. News flash, not everyone gets to 60. 

What my suggestion would be is to put in 125 to a Qtrade account and buy stock. You can take the money out whenever you want. Find something that is a dividend stock like BNS and see your money grow without penalty. Your 13,750 on October 15th would be easily around 17,000 and maybe higher. 

You can take out the Qtrade money out without penalty. It's that simple. 

By the way, if I'm wrong. Please tell me how I'm wrong as I'm always wanting to learn. 

Skol Thoughts...

By Marty Sheetz 

In hindsight, its 2020. Why wouldn't the wheels fall off why wouldn't the game go exactly like it did? The 1st half the Vikings were exactly the team they want to be. 

They held a 4-0 team to 0 points and a Pro Bowl quarterback to just 40 yards. Dalvin and the offense imposed its will on the Seahawks D and although we all wish the lead could have been larger the half was all Vikings.

 A 13 point halftime lead is far from insurmountable, however. The Seahawks quickly turned that(and us) over(twice) and the lead was theirs. Most NFL games have momentum shifts but that was a huge one. 21 points in under seven minutes can take the wind out of any teams sails.

 Without Dalvin, the Vikings still fought back into the game using a closer mix of run and pass. They even managed to get Mattison over the 100 yard mark. Unfortunately late in the forth he would come up just a half yard short of a 1st down that would have sealed the game.

 This play has a ton to unpack. Everything from if Cook was in would he have made it, to why didn't Mattison go to the giant hole to the right, to why not kick the field goal making it a eight point game. At worst that would have made necessary a long grueling drive to at best force overtime.

 One thing I have yet to see be brought up is why would Zimmer against the Seahawks not be a little weary of kicking a short field goal? Surely a situation such as this has never hurt the Vikings/us fans before? It's a very difficult loss. Another in a long line of both primetime and Seahawks based woes, respectability. However the season is not loss and the uphill battle begins anew next week.

What Grade Would You give Jim Benning Yesterday?

The Vancouver Canucks made a big splash when they were able to sign goaltender Braeden Holtby with a two-year deal worth $8.6M which works out to be a 4.3 million dollar cap hit. This is a very good move for Vancouver as they are able to save 1.7 million as free agent goaltender, Jacob Markstrom, signed with Calgary for 6 years at $6M each year.

Going forward, the Vancouver Canucks are in a bit of a conundrum. They still hold on to Elias Pettersson and Quinn Hughes, two very friendly entry level contracts, but that will end next year as they are both due for a big payday. Which leads me to believe the next year will be a rebuilding year for Vancouver as their defense pairings are quite thin as of now. If our young prospects can perform well, the Canucks still might be able to sneak into the playoffs however the approach seems to be building for the future instead of going "all-in" to win the cup. This in my mind is the right thing to do as mortgaging the farm for a one-year cap-run is not a good recipe for success.

Things are at a crossroads and that's ok. What partially ruined our era from 2001 to 2015 was astronomically high Stanley Cup expectations that made our regular seasons somewhat meaningless. This isn't always the best approach as it should always be an accomplishment to make the playoffs.

The positives from yesterday:

We still have our 2021 1st which is huge incase Demko isn't ready for a starting goaltender role and more importantly we still hold a pretty healthy prospect pool despite none of them being a super star caliber.

We need to look at the positives during a pandemic when there are still no fans so why worry about a unorthodox season anyway??? Why can't people understand that????

I give Jim Benning a A- yesterday considering where we are in the process. Let things play out and lets see where we are next spring.