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2 comments on “Analyzing The 2019 Proposal to Eliminate the Michigan Pension Tax”

Analyzing The 2019 Proposal to Eliminate the Michigan Pension Tax

Wait, Democrats and Republicans can actually agree on something? Well, every Democrat and Republican running for governor of Michigan at least. The Michigan “Pension Tax”, is so unpopular with Michigan retirees, that it actually brought together people on both sides…

4 comments on “MESP vs. MET: What’s the Best Michigan College Savings Plan? ”

MESP vs. MET: What’s the Best Michigan College Savings Plan? 

According to the University of Michigan website, it costs over $30,000 per year to attend UofM. Michigan State is not much cheaper with a year costing $25,000. Even scarier, if the trend continues it will cost nearly $270,000 for my…

0 comments on “Social Security Strategies When You Also Have a Canadian Pension”

Social Security Strategies When You Also Have a Canadian Pension

If you worked in both the U.S. and Canada, there is a good chance that you will have both U.S. social security and a Canadian pension. Unfortunately, this brings an added wrinkle regarding when you should turn on each benefit.…

1 comment on “Taxation of Your RRSP, RRIF, CPP, and OAS in the U.S.”

Taxation of Your RRSP, RRIF, CPP, and OAS in the U.S.

Many retirement accounts, different country pensions, exchange rates, and multiple tax rates. Working both in the U.S and Canada sure does make things complicated. However, if you are retiring here in the U.S., your tax situation is much more favorable…

1 comment on “How Your Canada Pension Plan (CPP) Impacts Your U.S. Social Security Benefit”

How Your Canada Pension Plan (CPP) Impacts Your U.S. Social Security Benefit

Retirement planning is hard enough if you have always lived and worked in the United States.  If you have worked in both Canada and the U.S., retirement planning may seem impossible.  You have to deal with a moving exchange rate,…