KeatsConnelly Cross-Border Weekly Best of the Web 2013-5-24

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

We begin with a couple articles discussing a new proposal included in immigration legislation that may offer Canadian’s the ability to spend more time in the United States, then highlight two articles looking at issues facing retirees.

U.S. bills propose longer stays for Canadian vacationers (www.theglobeandmail.com) – American lawmakers are considering further opening the border to Canadian snowbirds, by extending the amount of time vacationers can stay each year. Two U.S. bills propose to allow certain Canadians to visit for up to eight months, rather than six. Thousands of Canadians head south during winter each year, with some carefully counting each allotted day to avoid trouble with U.S. immigration officials and Canadian health-care programs. If passed, the new laws could give some of them breathing room, though much work remains…

Immigration Reform Voted Out of Committee, On to the Senate Floor (xbplanning.blogspot.com) – The Senate’s comprehensive immigration reform bill has been voted out of the Judiciary Committee. Expect debate on the floor of the Senate in the coming weeks. Provisions for a 240 day extended stay for Canadian Visitors and a Retiree Visa remain unchanged in the bill. Here is the press release from the American Immigration Lawyers Association (AILA)…

A couple weigh retirement, but weighed down by fees (www.theglobeandmail.com) – Alex is 61, Roxanne 58, so retirement is on their minds – but when? Like many people, they really don’t know how much income their savings and investments will generate. So their hearts were lifted when they read a newspaper article with the headline, “Retirement Is Cheaper Than You Think.”

Boomers In The Dark About Their Retirement Needs (www.advisor.ca) – Besides what TV program is on at noon, the big question for soon-to-be retirees is how much money they will need to survive in their golden years. In 2008, Sun Life Financial attempted to find out what Canadians think they need for retirement, and the results were surprising. About 9% of the 1,530 Canadians surveyed thought that they’d need to save just $25,000 for retirement, while an equal amount thought $1 million to $5 million would be sufficient to get them through their post-work years. Forty percent responded that they have no idea what they’ll need for retirement…

Come back next week for more interesting news and articles. Enjoy your weekend! 

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