How to make sure you have enough money to fund your RRIF withdrawals + MORE Apr 18th
Should I draw down my RRIF to avoid estate taxes? + MORE Apr 25th
Markets have taken a nosedive after U.S. President Donald Trump’s announcement of sweeping global tariffs last Wednesday (April 2).
While it can be worrisome to see markets drop around 10% in a matter of days, experts emphasize the importance of not making any rash moves.
“First and foremost, absolutely avoid panic selling,” said Tony Maiorino, head of RBC’s Family Office Services team.
Retirees might think they don’t have the time horizon to recover from steep losses, but for many, the timeline is still relatively long so it’s important not to miss out on recovery days, he said. “If you miss the best days, it dramatically impacts that rate of return.”
Consider the tax implications before selling assets
Portfolio rebalancing is important for everyone, but especially for retirees who might no longer be contributing to their investments and are relying especially on capital gains…
Stock market news for investors: Cineplex, Roots, Delta and more
– moneysense.ca
Here’s a round-up of news for Canadian investors this week.
Cineplex
Roots
Corus Entertainment
Cogeco
Delta Air Lines
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 2.00% interest, tax-deferred contributions and zero fees.
go to site
featured
Registered GIC rate
Earn a guaranteed 3.45% in your RRSP when you lock in for 1 year.
go to site
Best RRSP rates
See our ranking of the best RRSP accounts and rates available in Canada.
read now
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada…
