Should retirees speculate? + MORE Nov 16th

How to go about securing the best Retirement Plan in Canada.
Latest News

Women, here’s how to save more for retirement — or you’ll live to regret it + MORE Mar 2nd

The right adviser and the right habits can impose discipline, writes Lesley-Anne Scorgie..... More »
 freedom 55

How much has the pandemic hurt your retirement plans? We delve into the retirement portfolios of two couples hit hard by COVID-19 to see what damage was done + MORE Feb 16th

We start with Deborah and Daryl Burton, a Toronto twosome in their early 70s who both contracted COVID-19 early in the pandemic..... 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 plan

Here’s what’s changed — and what hasn’t — in a pandemic RRSP season + MORE Jan 19th

If you’ve been earning a good salary from a secure job, investing your savings in a tax-advantaged RRSP is a good idea. But if your income has suffered or your job security is uncertain, keeping what money you have saved in a TFSA is a better bet..... More »

Should retirees speculate?


All investors need to know the difference between investing and speculation—often summed up as what you do with “serious money” versus “fun money”—and that’s doubly true for those at or near retirement. While investing is about building wealth you can count on, speculating typically means risking money you can afford to lose, which may be in short supply for retirees on a fixed income.
No one wants to lose money, of course, but that risk is the inevitable trade-off for those in pursuit of higher returns. Take, for example, the trades happening over at the Robinhood platform where young millennials congregate. Post-COVID, many have turned to what might strike retirees as unabashed speculations—depressed airline, hotel and cruise line stocks—betting they’ll soar once a vaccine is available. (Some of these stocks did, indeed, rebound following Joe Biden’s U.S. presidential win and good news about a possible vaccine from Pfizer.) The operative word with this cohort seems to be FOMO: Fear Of Missing Out…

Continue Reading On »

He flipped a property in London, Ont. and profited. Now at 27, he wants to buy a house in the GTA but his girlfriend wants to stay in the city. What next?With no debt, his goal now is to buy a home and put the rest of his savings into stocks for retirement. But with his girlfriend’s work in Toronto, where should he buy and what can he achieve?

Continue Reading On »


Compare insurance quotes through - save time and money!