Not sure how to make a retirement plan? Read on…
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The best RRSPs in Canada for 2024 May 23rd
RRSPs
The best RRSPs in Canada
We’ve rounded up the best RRSP rates on savings accounts and GICs, as well as the best RRSP investment accounts.
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How will a pension buyback impact your income tax return? + MORE Apr 7th
Q. I plan to do a pension buyback for my service with the Government of Canada. Can I deduct the lump sum payment from my total income if I fully pay the amount at once? And will the total income reported on my T4 be reduced if I choose to deduct a certain amount from each pay stub? Looking forward .... More »
Why repaying student debt early is the best investment you can make + MORE Feb 17th
Q. I’m a 23-year-old who just graduated with a Masters degree and I have $30,000 in student debt ($20,000 provincial, $10,000 federal). I also just got a job with an annual salary of roughly $60,000. My question is what is the best way to invest my money (index mutual fund, stocks, online Rob.... More »
Is now the time for retirees to sell stocks and buy GICs? + MORE Aug 2nd
Ask MoneySense
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
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Should RRIF withdrawals be based on the younger spouse’s age? Nov 9th
I am wondering about the minimum RRIF withdrawal calculation. We are wondering if it would be beneficial to use the younger spouse’s age to result in a lower annual combined income. Can you explain the reasoning behind this?—Bernie
When can you convert an RRSP to a RRIF?
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Is the Couch Potato a good choice for larger portfolios?
– moneysense.ca
Q: I have a portfolio of just over $400,000 with an advisor in active mutual funds with fees between 1.75% and 2.80%. My investment firm is now recommending a pooled fund that is 0.50% cheaper. I also have a self-directed TFSA, where I use the TD e-Series index funds. Is the Couch Potato appropriate for larger portfolios, or would I get a better return by staying with an advisor?
—Don
A: There are two distinct issues to address here. The first is whether the Couch Potato strategy is effective with portfolios of several hundred thousand dollars or more. The second is whether investors with large portfolios should use an advisor or manage their money on their own.
The first answer is easy: the Couch Potato works no matter how large your portfolio is. Active money managers often try to paint indexing as an unsophisticated strategy that’s only appropriate for beginners and small accounts. This is nonsense: many of the largest institutional investors (think pension funds and endowments) use indexing to manage billions of dollars, and this isn’t because they lack the time and resources to find a better solution…
Ford’s former CEO Mark Fields is leaving the company with an estimated $51.1 million in cash, stock awards and pension benefits.
