Personal Savings getting you down? There are always smart ways to increase your savings.
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How to open an RDSP Dec 19th
Jason Heath gets a lot of calls from clients about registered disability savings plans (RDSPs). Many are interested in setting up the plan, a tax-deferred savings vehicle for people with disabilities, because they’ve heard about the generous grants they can qualify for. The Canadian government wil.... More »
4 Low Risk Alternatives to Chequing Accounts + MORE Feb 1st
Investments like stocks, mutual funds, or cryptocurrencies carry some level of risk which you might shy away from for a variety of reasons. Whether you’re saving for college, getting ready to buy a house, or nearing retirement, if you’re looking for safer investment options, here are some o.... More »
Stock news for investors: Iamgold expands, Teck advances merger talks, and Wealthsimple hits $100B milestone + MORE Oct 29th
Here’s a round-up of news for Canadian investors this week.
Iamgold
Teck Resources
Mullen Group
Wealthsimple
West Fraser Timber
Featured RRSP Accounts
featured
EQ Bank
Bu.... More »
What to do when you have insufficient or unused RESP funds Aug 14th
Registered education savings plans (RESPs) are the best way to save for a child’s post-secondary education. Contributions attract government grants, and the accounts grow tax-deferred. Withdrawals can be used for trade school, college or university funding in Canada and abroad.
According to Sta.... More »
Life insurance for kids: Do you really need it? Jul 24th
Buying life insurance for kids is probably the last thing on your mind when you’re in the throes of diaper changes and round-the-clock feedings. But the early stages of parenthood don’t last forever—and it’s never too early to start planning for your little one’s (or ones’) future.
W.... More »
A TFSA plan to help fund retirement—without losing any sleep
– moneysense.ca
RANDALL BAKER
Age: 65
Location: Winnipeg
Occupation: Worked in manufacturing and safety deficiencies but now retired
TFSA total: $29,632
RANDALL’S TFSA HOLDINGS
iShares Canadian financial monthly ETF (FIE.TO) $29,632
TOTAL: $29,632
Randall Baker recently turned 65 and celebrated with much-deserved retirement party with family and friends. For years, he worked as a specialist in manufacturing and safety delinquencies in Winnipeg while steadily growing an investment portfolio that could give him the comfortable retirement he desired. “I spent years building up my TFSA piecemeal, putting in work bonuses and income tax refunds as they arrived because that was the only way I could find the cash,” says Randall. “I didn’t use systematic investing or dollar cost averaging because with my modest bi-weekly pay I just couldn’t afford it.”
After a few negative investment experiences with a mutual fund company, Randall decided to open a self-directed account…
Age: 65
Location: Winnipeg
Occupation: Worked in manufacturing and safety deficiencies but now retired
TFSA total: $29,632
RANDALL’S TFSA HOLDINGS
iShares Canadian financial monthly ETF (FIE.TO) $29,632
TOTAL: $29,632
Randall Baker recently turned 65 and celebrated with much-deserved retirement party with family and friends. For years, he worked as a specialist in manufacturing and safety delinquencies in Winnipeg while steadily growing an investment portfolio that could give him the comfortable retirement he desired. “I spent years building up my TFSA piecemeal, putting in work bonuses and income tax refunds as they arrived because that was the only way I could find the cash,” says Randall. “I didn’t use systematic investing or dollar cost averaging because with my modest bi-weekly pay I just couldn’t afford it.”
After a few negative investment experiences with a mutual fund company, Randall decided to open a self-directed account…
