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Sears pension ‘slap’ shows need to diversify savings + MORE Sep 23rd
Employer-sponsored pension plans force people to save for retirement. But what happens when a company isn't healthy enough to fund them?.... More »
Chicago Has Another Bond for You Aug 19th
The city may try to paper over its pension woes with new debt..... More »
Stock news for investors: Mixed Q4 results with big profit gains for Enbridge, Nutrien, and Cenovus + MORE Feb 21st
Here’s a round-up of news for Canadian investors this week.
Enbridge
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Featured RRSP Accounts
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EQ Bank
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Chicago Pension Nightmare + MORE Mar 25th
A court nixes reform. Maybe the mayor should try bankruptcy..... More »
What’s the right retirement asset mix if you have a DB pension? + MORE Mar 10th
(Shutterstock)
Q: When calculating your asset mix can you include a pension as part of your bond/cash holdings in a portfolio with a 60% equity, 20% bond and 20% cash mix? If you had a pension that was paying $50,000 a year this would be equal to a million dollar GIC at 5%.
—B. McLeod
A: Hi B. Mc.... More »
The real cost of segregated funds
– moneysense.ca
Sarah Tarraf, Calgary(Photograph by Ania & Tyler Stalman)Acting on a friend’s advice, Sarah Tarraf, 32, recently switched the holdings of her $43,000 RRSP to an all-Canadian portfolio of equity and fixed-income segregated funds. So-called “seg funds” are an insurance product that guarantees a portion of your investment against loss—in this case, Tarraf can’t lose more than 25% of her principal. The trade-off is an exorbitant management expense ratio (MER) of 3.5%, as well as steep fees for accessing capital early—something Sarah didn’t appreciate until later. If she wants out, she can wait until 2020 to sell with no penalty. Or, she can take out 10% a year from each fund at no cost.
Certified financial planner Vickie Campbell of Ryan Lamontagne Inc. in Ottawa doesn’t like that Sarah’s portfolio is now 100% invested in Canadian funds, and she says the 3.5% MER is too high a price to pay for peace of mind. “It’s not the right choice for someone this young,” says Campbell…
MoneySense magazine: February/March 2015
– moneysense.ca
February/March 2015Volume 16, Number 9
Download the MoneySense app to read this issue on your tablet or smartphone now.
The RRSP advantage
Canada’s best mutual funds
The Best ETFs to buy right now!
Editor’s Letter
By: Duncan Hood
Intelligence
Ask MoneySense
By: Bruce Sellery
Am I On Track
By: Julie Cazzin
Instant Expert
Portfolio Makeover
By: Julie Cazzin
Index Investor
By: Dan Bortolotti
Financial Independence
By: Jonathan Chevreau
Jacks On Tax
By: Evelyn Jacks
Family Profile
By: Julie Cazzin
Retirement
By: David Aston
Smart Spender
How I Did It
The post MoneySense magazine: February/March 2015 appeared first on MoneySense.
