Interest Rates and the Economy

How safe are my retirement savings if the bank fails

(Flickr) I am considering retiring early (at 55) and based on advice from my financial planner, I can rather easily do so, primarily based on our assets, lack of any debt, and my wife’s existing defined benefit pension plan.  He suggests converting my pension and RRSP holdings into a RRIF. My ...

How safe are my retirement savings if the bank fails?

(Flickr) Q: I am considering retiring early (at 55) and based on advice from my financial planner, I can rather easily do so, primarily based on our assets, lack of any debt, and my wife’s existing defined benefit pension plan. He suggests converting my pension and RRSP holdings into a RRIF. ...

Should Chris top up his RRSP or his TFSA now that he’s retiring at 60?

(Flickr) Q. I’m a 60-year-old retired school teacher as of this past July 2017. I have $44,000 in unused RRSP contribution room. Should I max out my contribution room on my 2017 taxes? Or just stick to topping up my TFSA? Thanks, Chris Hi Chris. Thanks for the question. Please note that RRSP o ...

My TFSA Update January 2018 - Why I Plan On Shorting More of Telsa

Image Credit: Jonathan Weiss / Shutterstock.com   In this series, I (Jin Choi) talk about my goal of reaching $1 million in my TFSA account by 2033. If you want to know what a TFSA is, I recommend you read my free book. In this article, I’ll also explain why I plan on increasing my bet again ...

A guide to having retirement income for life

With 1,100 Canadians reaching the official retirement age of 65 every day, there’s a sea of change occurring in the investment world. The move from wealth accumulation is rapidly moving to its opposite, de-accumulation or “decumulation.” Decumulation is actuary Fred Vettese’s preferred term ...

What’s Driving Canadian Homebuyers?

Mortgage rule changes and increasing interest rates—surprisingly—weren’t the top motivators for prospective homebuyers in 2017, according to a new survey from the Canada Mortgage and Housing Corporation (CMHC). Instead, the 2018 Prospective Home Buyers Survey found that improved accessibility ...

CalPERS Hits a Milestone?

Adam Ashton of The Sacramento Bee reports, Pension fund hits milestone: It’s earning more money than it’s paying out:For the first time in years, CalPERS is stable enough that it no longer expects to run deficits into the middle of the century. Read more here: http://www.sacbee.com/news/politic ...

Good news is bad news: Deconstructing the market sell-off

Stocks globally have experienced more than a week of tumultuous trading, with the U.S. stock market officially in correction territory. And after being relatively sedate for years, the VIX Index has risen dramatically in recent days, indicating rising volatility. Stocks have moved so far so fast th ...

What is Ebitda and Why is it Rarely An Issue for Conservative Investors

What is Ebitda? Ebitda stands for “earnings before interest, taxes, depreciation and amortization” and it looks at the cash an underlying business can make Ebitda, or “earnings before interest, taxes, depreciation and amortization.” came into common use in the 1980s. At the time, high inter ...

Above-trend growth could cause U.S. inflation later in 2018

Employment growth has been strong enough that the Bank of Canada (BOC) hiked its overnight target rate to 1.25% in January.1 The BOC statement attempted to balance the view that growth was near capacity with concerns that raising rates too quickly could cause the economic expansion to stall. The 10 ...