Mapping out a clear path for your investments at retirement May 11th

All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News

The best ETFs for retirement income + MORE Aug 24th

While exchange-traded funds (ETFs) are appropriate for investors of all ages and life stages, they make particular sense for retirees and those close to retiring. Things like quick and easy broad diversification of asset classes and geographic exposure at a reasonable price are especially relevant w.... More »
 retirement planning

When are tax-deferred and tax-free accounts actually taxable? + MORE Feb 9th

Q. I saw your blog online; thank you so much for the wonderful job that you are doing—it was very informative! That motivated me to start investing too, but now I have a couple of questions. I understand that there is tax on US dividends in TFSA, do we pay tax as well when we sell: U.S. stocks in.... More »
 retirement savings

The one thing influencers Steph & Den want you to know about retirement + MORE Apr 26th

Financial influencer couple Steph Gordon and Dennis Mathu (@Steph & Den) started making YouTube videos about personal finance for Canadians in 2019. Once they found their groove on social media, they left their corporate jobs—Steph was in human capital at PricewaterhouseCoopers and Den was a c.... More »
 canada pension plan

How to model retirement income in Canada Feb 15th

Ask MoneySense I am retired early at 58 years old. My wife is 56 years old. We live on a Christmas tree farm, which was paid for years ago.  I have a work pension, and my wife was bought out for her pension.  We have considerable RRSPs, farm income, and farm property. Where do w.... More »
 retirement savings

How to start saving for retirement at 45 + MORE Mar 14th

Saving for retirement at age 45 means you’ll have a 20-year runway toward a traditional age 65 retirement. But what’s your starting point? The National Bank of Canada suggests that by age 40 you should have 2.1 times your annual income saved for retirement, while the U.S.-based firm Fidelity rec.... More »
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…

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