All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Year-end tax-saving tips for Canadians for 2024 + MORE Dec 6th
Hear me out. Year-end tax planning can be financially rewarding. It’s a shame so few people do it. There are three objectives: plan to reduce taxes for the current year with legitimate planning opportunities, go back and recover overpaid taxes in prior years and, finally, set yourself up to minimi.... More »
Making sense of the markets this week: July 12, 2021 Jul 13th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
How to be a millionaire
I’ve often said that becoming a millionaire should be achievable—if you have a decent wage, manage your debt, get cash-flow-positive and invest in .... More »
How to deal with your finances when the economy is stressing you out + MORE Mar 7th
Who would have thought that just a few month ago, all we had to “worry” about was the ongoing pandemic, high interest and inflation rates, and high grocery and housing costs. We’re three months into 2025 and so far we’ve had tariffs on Canadian goods threatened in February, then actual tarif.... More »
Why GICs might be a better investment than stocks and bonds Aug 17th
Financial markets have fallen quite dramatically in 2022, and that has made choosing investments even more difficult than usual. The turmoil has made many investors nervous about investing in stocks. The Toronto Stock Exchange (TSX) was down nearly 10% for the first half of 2022, and the S&P 500.... More »
Bear markets: What’s a long-term investor supposed to do right now? + MORE Jul 13th
My mutual funds are doing terribly, and I know they always say that it is better to stay the course and ride out this market crash and whatever. But I’ve been thinking about divorcing my big bank for awhile now. I have RRSP with mutual funds that have high management fees with RBC, slightly b.... More »
Mapping out a clear path for your investments at retirement
– moneysense.ca
Q. I retired last year at age 60 and am fortunate to have defined benefit pension, which I can live off comfortably.
I have accumulated some savings, which I am now looking to invest more productively. My risk tolerance is on the low end—a 2 out of 5 based on an online survey I completed. My goal is to grow my assets “safely” and occasionally use some of the money to travel, purchase a new car and to maintain a good emergency fund.
My current asset mix includes:
RRSP – $115,000
Stocks – $15,000
GIC – $105,000
TFSA – $60,000
Cash – $362,000
I have been reading a lot of material to better understand investment options available to me but, honestly, I feel overwhelmed. I am working with a financial advisor at my local bank, but he deals mainly with mutual funds, which I understand are expensive and have not performed well versus other options. I met with a private consulting firm but didn’t feel comfortable when the manger could not explain clearly what his fees were and how he would be paid…
I have accumulated some savings, which I am now looking to invest more productively. My risk tolerance is on the low end—a 2 out of 5 based on an online survey I completed. My goal is to grow my assets “safely” and occasionally use some of the money to travel, purchase a new car and to maintain a good emergency fund.
My current asset mix includes:
RRSP – $115,000
Stocks – $15,000
GIC – $105,000
TFSA – $60,000
Cash – $362,000
I have been reading a lot of material to better understand investment options available to me but, honestly, I feel overwhelmed. I am working with a financial advisor at my local bank, but he deals mainly with mutual funds, which I understand are expensive and have not performed well versus other options. I met with a private consulting firm but didn’t feel comfortable when the manger could not explain clearly what his fees were and how he would be paid…
