Should you collect CPP and OAS while working in your 60s? Dec 7th
2022 Income Tax: New tax credits for Canadians Nov 30th
Should RRIF withdrawals be based on the younger spouse’s age? Nov 9th
We’re living longer—here are two ways to boost retirement savings and income + MORE Jan 18th
How do the RRSP contribution carry forward rules work? Nov 2nd
The 60/40 portfolio: A phoenix or a dud for retirees?
– moneysense.ca
But these are not normal times.
Case in point: a fund I own in various accounts, VBAL or Vanguard Balanced ETF Portfolio. When I last checked, it was down 15% year to date, as of early October. (I’ll provide Vanguard’s perspective on this below.)
I’m not picking on Vanguard here—you could say the same of its direct rival equivalents, BMO’s ZBAL and iShares’ XBAL, and so on.
Questioning the 60/40 portfolio for retirees
Recently Andrew Hallam, author of Millionaire Teacher, wrote a piece for the Globe and Mail about how young ETF investors should be dancing in the streets because of the chance to buy equity ETFs at lower prices…
Can I withdraw my pension early?
– moneysense.ca
I am wondering what the process is to gain access to my pension. I am currently on hold with Pension Canada and thinking I should hang up, as I am not sure what to say. I am concerned that they can refuse my request based on what I say. Do they reserve the right to deny me my pension if they do not like my reasons for withdrawing it so early? Or is it none of their business? It is not for medical reasons, only financial/personal ones.
I also heard the pension needs to go through a third party, like RRSPs with my bank, before it can be released to me and that it is a good idea to initiate this process two to three months ahead of when I want the lump sum, as that is the approximate processing time…