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What is the minimum age for early retirement
Personal Finance
What exactly is minimum allowed age for early retirement to draw a pension? In CRA website, it says that to get CPP, you need to be 65 (or is it 67) years of age. But some financial columns mention people retiring at 55 with pension. Does it mean that if a person stops working at 55, he will need to wait 10 yrs before he starts drawing the money from CPP?

Should I close unused credit cards before applying for another?
Personal Finance
My wife and I currently have a few credit cards that we don't use, but there's another that we'd like to get, but I'm not sure if I should close those first and wait a month or so before applying for the other, or just apply for it and close the others at the same time. I'm mostly concerned about limiting the credit limit we get on the new card...We have: Local bank credit card - $1000 limit - 1st

How to account for Unrealized Gains in a Trial Balance?
Personal Finance
Using GnuCash, When I run a Trial Balance on my accounts, my Debits exceed my Credits by 875.00 wich is the same amount of my Unrealized Gains on the Balance Sheet. How do I reconcile this in my Trial Balance?

What can a Target customer do to reduce damage from this data breach?
Personal Finance
Target admitted Thursday (December 19, 2013) that Hackers were able to steal credit and debit card data for about 40 million customers. Reports say that names, payment card numbers, expiration dates and security codes have been stolen.Since I am a Target customer, I am very concerned. And I am unhappy that Target has exposed 40 million customers to this risk. And I am angry with these criminals

How can a consumer avoid (reduce) damage from data breaches?
Personal Finance
Target admitted Thursday that Hackers were able to steal data for about 40 million customer, including names, credit and debit card numbers, expiration dates and security codes.There have been multiple data breaches including this one and the one last year which exposed another 45+ Million retail customers at T.J.Maxx, Marshalls, and others. There have been multiple huge data breaches, and the pr

Capitalize on a falling INR
Personal Finance
Recently the INR has taken a beating. As an Indian retail investor, is there a way to capitalize on this? Assuming that the person is not in the export business. He is a salaried person earning income in INR

How China gains from currency manipluation [on hold]
Personal Finance
I read about the motives behind Chinese currency ma manipulation and it seems that the motive is that china wants to flood us market with cheap Chinese goods. But how does that help China? Devaluing a currency is a sign of national weakness, is it not?

How China's rise will affect a common man
Personal Finance
I have heard the phrase 'by 2020 China will overcome US as the world's economic super power'? What does it mean for the average person? Will China be a better place to live than US? Better as in, more cost effective, lower crime, more jobs, less stress etc etc.

How a mortgage backed security fluctuates
Personal Finance
If I buy a mortgage backed security, what will happen to my investment if: The person that took out the mortgage defaults The person makes a prepayment The person refinancesThe bank that gave out the mortgage defaults

Is it common for student loan debt to be paid with another loan found at lower interest?
Personal Finance
I currently have 22k in student loans at 6.55% interest. I checked my credit score and it was 706 a couple of weeks ago. I am a recent college grad with a decent paying job right out of college. What do you think the likelihood is that I can get a loan to pay off my student debt at a lower interest rate?

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