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Renters are feeling the pinch nationwide. These 5 charts break it down - CBC.ca Aug 5th
Renters are feeling the pinch nationwide. These 5 charts break it down CBC.caMore Canadians See Real Estate Prices Falling As Market Psychology Shifts: BMO - Better Dwelling Better DwellingRBC forecasts historic real estate market correction, including cottages Cotta.... More »
Can I withdraw from RRSPs to pay bills? + MORE Apr 13th
What are the cons to withdrawing RRSP savings of $25,000 to pay off some unexpected bills I have incurred?—Anonymous
Withdrawing RRSPs when you’re not retired
Ahh, the unexpected bills.
Anonymous, I’ll give you my initial thoughts first, and then I’ll review the cons of withdrawing .... More »
How does a LIRA work after a pension transfer? + MORE Feb 20th
Q: I recently transferred my pension from Bombardier to Sun Life. I completed all the documentation and expected the fund to be transferred to an RRSP “Fidelity Clear Path 2035 Port Seg Fund” with around $70,000. Instead Sun Life has put the funds into a LIRA with the same account allocations .... More »
3 ways to recession-proof your RRIF Mar 1st
What should you do with your RRIF right now? With talk of a recession, investors who self-manage their registered retirement income fund (RRIF) accounts may be wondering how best to protect their investment portfolios while still meeting their annual spending needs.
In general, for investors who .... More »
Sales up, prices down in GTA housing market Oct 6th
Toronto-area home sales rose in September while prices continued to decline, as the city’s real estate board says the market could continue heating up amid ample choice and lower borrowing costs.
The Toronto Regional Real Estate Board said the 5,592 homes sold last month was up 8.5% from Se.... More »
Overlooked retirement income and planning considerations
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.
Overlooked retirement income and planning considerations I’ve mentioned this a few times on my site: there is a wealth of information about asset accumulation, how to save within your registered and non-registered accounts to plan for retirement. There is far less information about asset decumulation including approaches to earn income in retirement. Thankfully there are…
My Own Advisor is on his way to owning a million dollar portfolio. The article Overlooked retirement income and planning considerations is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
Overlooked retirement income and planning considerations I’ve mentioned this a few times on my site: there is a wealth of information about asset accumulation, how to save within your registered and non-registered accounts to plan for retirement. There is far less information about asset decumulation including approaches to earn income in retirement. Thankfully there are…
My Own Advisor is on his way to owning a million dollar portfolio. The article Overlooked retirement income and planning considerations is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
Why it’s time to raise the TFSA limit to $8,500
– moneysense.ca
If the government won’t increase RRSP contribution room for high earners, a reasonable alternative might be to modestly increase TFSA contribution room for everyone.
Canadians are notoriously nice consensus seekers. The old joke might be that they tend to never cross the road because they consistently prefer to be in the middle. If that’s the case, I’d like to propose a “Canadian” solution to the ongoing debate about how much should be allowed to contribute to their TFSAs annually.
You may recall that the limit is currently set at $5,500 and is likely to go up to $6,000 in a year or two (TFSA contributions are indexed to cumulative inflation and go up in $500 increments when thresholds are passed). You may also recall that for one brief year, the limit was set at $10,000 in keeping with a political promise made by a party that is no longer in power in Ottawa. The debate, it seems has mostly revolved around the benefit of incremental tax relief for those who might not need it…
