Retirement

Drawing down retirement savings as a single senior

Q: As I approach the early days of my retirement, I am considering various drawdown scenarios. I am single and will soon turn 61. As additional background I have a DB pension. I have approximately $170,000 in RRSPs and am considering withdrawing from these before my TFSA and non-registered investm ...

How to estimate dividend growth and total returns using Josh Peters’ Dividend Drill Return Model [Example & Spreadsheet]

Disclosure: Some of the links below are affiliate links (AL), meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase. See disclaimer. “Dividend Yield + Dividend Growth = Prospective Return” Josh Peters, The Ultimate Dividend Playbook (AL), Ch ...

Can earnings season stop the market’s decline?

Markets are crashing! Sell your stocks! The world is coming to an end! There’s a good chance you’ve heard at least something like this over the last week, whether from cable TV, a business news website or your panicked friend who wants to pull everything out of the market. Stocks have taken a t ...

How to invest a $240,000 inheritance

Q: I am 63 years old, and stayed home to raise my family for a number of years, so do not have a lot of employment years or high income. I am currently working, but my health is slowly diminishing due to rheumatoid arthritis and not sure how much longer I can work full time. I may only receive $50 ...

Should you put all your retirement savings in a low-fee balanced fund?

Q: My plan is to retire in less than a year. All my assets are in RRSPs: about $200,000 in a fully managed account with a major brokerage and $100,000 at a different brokerage where I pay transaction fees only. With the managed portfolio, I have stocks, bond funds, balanced funds, and ETFs. I find ...

The Pension Dashboard?

Maria Espadinha of the FT Adviser reports, Pension dashboard could be 'foundation' for innovation:The pension dashboard could help drive innovation in the same way open banking has, fintech provider Origo argued.The company, which has been developing and testing a dashboard prototype, published a ...

October 10, 2018

Carnage and ruin today: Wall Street suffered its worst day in eight months on Wednesday, and the TSX didn’t do much better, suggesting that the new North American trade agreement and the parade of upbeat U.S. economic reports have taken a back seat to what investors fear is coming next: Rising bo ...

How to decide when to convert RRSPs to RIFFs

Q: I have several (three) RRSPs, partially resulting from multiple employers over the years, partially due to a desire to use at least two institutions, plus the Saskatchewan Pension Fund that I discovered too late. I am planning to build up the SPP as much as I can by transferring money, which I ...

TFSA penalties for holding foreign investments

Q: I have a TFSA and have read a lot about investing within a TFSA, but one area is still a question mark in my mind— investing in equities or funds that are on an exchange from outside of Canada or equities that are listed on the TSX or Venture exchanges but have out-of-country holdings. So my ...

Here are some Retirement Investment Options—both good and bad

Bonds and annuities are two of the retirement investment options to avoid. Here’s why. One of the things that investors of all ages fear is that they won’t have a good financial plan in place so that they have enough retirement income to live on once they’ve stopped working. Addressing this c ...