Not sure how to make a retirement plan? Read on…
Latest News
Stock news for investors: Dollarama, Transat and Roots release earnings Jun 13th
Here’s a round-up of news for Canadian investors this week.
Dollarama
Transat
Roots
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 2.00% interest, t.... More »
What’s my RRSP contribution limit? Nov 15th
Find out your current registered retirement savings plan (RRSP) contribution limit by using this calculator.
RRSP contribution rules highlights
Your RRSP contribution limit is based on the maximum annual RRSP contribution room set by the Canadian government, the earned income you had d.... More »
Making sense of the markets this week: December 24, 2023 Dec 28th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
It’s a tough job, but…
It’s really hard to predict what the investment world will do. It’s even harder to predic.... More »
Should you buy back pension service from your employer? Jun 22nd
While defined benefit (DB) pensions are the Cadillac of retirement plans, they also entail a unique set of decisions. Buybacks are one of them.
There are a few ways to build up the value of your DB pension: by working to accumulate years of “pensionable service,” of course; by transferring servi.... More »
Mulcair Vows Push To Expand CPP/QPP Within 6 Months + MORE Sep 3rd
TORONTO — A New Democrat government would work with the provinces to bolster Canadians' retirement security rather than charting a course alone and saddling future generations with massive debt, Tom Mulcair said Thursday.
The NDP leader promised that if he's elected, he would convene a first mini.... More »
Slow and steady wins the investment race
– moneysense.ca
Slow and steady portfolio performance wins the investment race (Illustration by Rachel Idzerda)You know the tale about how the slow-but-steady tortoise perseveres to beat the speedy-but-inconsistent hare. It turns out that lesson applies to investing in retirement, too.
It’s easy to be attracted to investments that surge ahead like the hare when the going is good. You might end up with considerable wealth if you’re fortunate—but you just might run out of money later in life if you’re not. If you’re trying to protect yourself from risk as you seek rewards, it’s better to follow the tortoise approach: you’re more likely to achieve a comfortable retirement with little chance of outliving your money.
In what follows, we’ll show you how a slow-and-steady investment approach can achieve what I believe is a superior combination of risk and reward. We’ll explain how to structure your portfolio to meet both short- and long-term needs, select conservative investments, and follow through with a long-term investment process…
