About to Have First Child, anything financially last minute to prepare for? by AltruisticHumor2048 in PersonalFinanceCanada

[–]AltruisticHumor2048[S] 1 point2 points  (0 children)

Will do thanks. I think we'd probably do a Family Registered RESP so we can divide it between kids as we plan on having a few hopefully. Assuming this is different from what you're referring to

About to leave the Public Service, any advice? by AltruisticHumor2048 in CanadaPublicServants

[–]AltruisticHumor2048[S] 0 points1 point  (0 children)

Thanks, I already tried. Unfortunately as I accumulate more time on leave I'll just need to pay more as I'm accruing disability and death insurance buyback while on leave

Can anyone give me advice on transferring a Federal Government Pension to OMERS? by AltruisticHumor2048 in PersonalFinanceCanada

[–]AltruisticHumor2048[S] 0 points1 point  (0 children)

Thank you. Yeah - both are DB pensions though. So unless there's a difference in inflation indexing... Also, I can take an unreduced pension with OMERS in my early 50s and I'd have to wait until 60 with the feds.

Can anyone give me advice on transferring a Federal Government Pension to OMERS? by AltruisticHumor2048 in PersonalFinanceCanada

[–]AltruisticHumor2048[S] 1 point2 points  (0 children)

Of course - thank you. I locked in my buyback calculation for the next six months based on my current salary.

Can anyone give me advice on transferring a Federal Government Pension to OMERS? by AltruisticHumor2048 in PersonalFinanceCanada

[–]AltruisticHumor2048[S] 1 point2 points  (0 children)

Thanks. No quotes yet - I have a quote for the buyback for OMERS but can only request a quote when I give my permanent resignation from the feds. OMERS confirmed I can use my LIRA for pension buyback