Writer won’t bank on RRSPs

Re: Urban society slides into helplessness, BC Views, Sept. 10.

To the Editor,

Re: Urban society slides into helplessness, BC Views, Sept. 10.

Tom Fletcher’s latest confusing rant challenges your readers to be “competent” enough to plan for retirement using RRSP savings accounts without government assistance, tenuously suggests nationally subsidized child care is a form of incompetency and then rather ominously asks us if we are “ready for the day when the machine stops.”

One can only assume Mr. Fletcher somehow intends “the machine” metaphor to be a thinly-veiled reference to the federal government collapsing.

If so, I urge caution: RRSP savings accounts are registered with the federal government. Should that particular “machine” fail, your registered retirement savings plan would be rendered worthless, as it would be “registered” with no one in particular.

That spot under the mattress is beginning to look even more attractive as a place to plan for our retirements. Thanks for the advice, Mr. Fletcher.

Max Rundle Wilkie,

Kelowna

Just Posted

Striking Western Forest Products workers could lose benefits in September

Union, forest company at odds over Vancouver Island benefit payments as strike enters third month

Port Alberni bands ‘out of the basement’ and onto an album

Two bands, products of the Alberni Valley’s school of rock, celebrate their CD debut

Stephen Novik takes the mic at Words on Fire in Port Alberni

Event takes place Aug. 29 at Char’s Landing

Port Alberni pickleball winners announced

Men and women competed in annual Nick Hoekstra tourney

B.C. sockeye returns drop as official calls 2019 ‘extremely challenging’

Federal government says officials are seeing the same thing off Alaska and Washington state

Expanded support to help B.C. youth from care attend university still falling short

Inadequate support, limited awareness and eligibility restrictions some of the existing challenges

Ethnic media aim to help maintain boost in voting by new Canadians

Statistics Canada says new Canadians made up about one-fifth of the voting population in 2016

Cross-examination begins for B.C. dad accused of killing young daughters

Andrew Berry is charged in the deaths of six-year-old Chloe and four-year-old Aubrey in 2017

Dog attacked by river otters, Penticton owner says

Marie Fletcher says her dog was pulled underwater by four river otters in the Penticton Channel

BC SPCA overwhelmed with cats, kittens needing homes

Large number of cruelty investigations, plus normal ‘kitten season’ to blame

Wife charged in husband’s death in Sechelt

Karin Fischer has been charged with second-degree murder in the death of her husband, Max

B.C. Hydro applies for rare cut in electricity rates next year

Province wrote off $1.1 billion debt to help reverse rate increase

Most Read