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The 4% rule, revisited: A more flexible approach to retirement income + MORE Nov 25th
In the last column, we looked at three recently published financial books, including one I had really looked forward to reading: William Bengen’s A Richer Retirement. It’s the American certified financial planner’s long-awaited follow-up to his ground-breaking book on the so-called 4% Rule.
.... More »
The only money book you need to be a great investor + MORE Jan 21st
SPEED READER
Book: The Little Book of Common Sense Investing: The Only Way to Guarantee your Fair Share of Stock Market Returns (10th-anniversary edition, updated and revised)
Author: John C. Bogle
Publisher: John Wiley & Sons, Inc. Hoboken, NJ
Price: $14.01 (Hardcover) $9.65 (Kindle)
Link: ht.... More »
6 simple ways to make your workplace equitable for women + MORE Mar 8th
A crowd gathers behind a statue titled “Fearless Girl” Wednesday, March 8, 2017, in New York. The statue was installed by an investment firm in honor of International Women’s Day. (AP Photo/Mark Lennihan)
On International Women’s Day, it’s easy to see why Canada—with.... More »
The Fall of the House of Sharpe: What Exactly Happened to Bridging Finance? Oct 10th
When they started out in the ’90s, David Sharpe and Natasha Hilfer were both both fiercely smart and exceedingly ambitious, with eyes on the finance sector. But both believed they had to overcome, as David once said, the implicit need-not-apply sign Bay Street hung to ward off anyone who was diffe.... More »
Ground rules for adult children returning home + MORE Feb 2nd
TORONTO — Certified financial planner Rona Birenbaum says it’s becoming common for her to walk clients through the emotionally fraught terrain of providing financial support to adult children returning home.
The Toronto-based founder of Caring for Clients attributes the growing phenomenon t.... More »
A strong earnings report from Canadian National Railway helped push the Toronto stock market to a fresh record high close Tuesday as traders put geopolitical concerns aside for the moment and concentrated on the health of corporate North America.
How much should I put in my RDSP?
– moneysense.ca
Q: I have $50,000 saved up and I’m adding to my savings every month. I want to buy a home in the next 5 years. I have lots of choices and I’m not sure what to do. My investment adviser doesn’t really know how an RDSP works.—Patricia, Vancouver
A: Patricia, I’m not surprised your investment adviser doesn’t know much about RDSPs. Even though they were introduced in 2008, they’re really not very prevalent. Only Canadians with disabilities, or their friends and family, can open an account. And among those who qualify, uptake has been limited.
RDSPs can be onerous accounts to open and they’re not very profitable for the investment industry as compared to other types of existing accounts either, so you’re limited in terms of where you can open an RDSP. Currently only 12 financial organizations offer them.
That said, they offer a lucrative investment opportunity. At your level of income (about $70,000) you can get government grants of $3,500 per year by contributing $1,500 to your RDSP…
A: Patricia, I’m not surprised your investment adviser doesn’t know much about RDSPs. Even though they were introduced in 2008, they’re really not very prevalent. Only Canadians with disabilities, or their friends and family, can open an account. And among those who qualify, uptake has been limited.
RDSPs can be onerous accounts to open and they’re not very profitable for the investment industry as compared to other types of existing accounts either, so you’re limited in terms of where you can open an RDSP. Currently only 12 financial organizations offer them.
That said, they offer a lucrative investment opportunity. At your level of income (about $70,000) you can get government grants of $3,500 per year by contributing $1,500 to your RDSP…
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
30 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
