TFSA

When Should I Dump VEQT (or Should I)?

Robb Engen: Hey Justin, it’s Robb Engen from the Boomer and Echo blog. My question to you is about the cost savings of using U.S.-listed ETFs. Right now, 100% of my portfolio is in Vanguard’s all-equity fund, VEQT. There’s about $200,000 in my RRSP, and $50,000 in my TFSA. At what point would ...

Saying your vows? Here’s what every couple should know about managing their money

Wedding season is here and as couples across the country celebrate their love with friends and family, we wanted to offer Canada’s newlyweds a gift of our own: the financial advice you’ll need to build a lifetime of happiness.  Money is one of the most important elements of your shared life to ...

How moving to the U.S. affects your Couch Potato strategy

Q. I am 35 years old and have been using the Couch Potato strategy for all my investments. Two years ago, I met an American whom I plan to marry later this year. At that time, I will move to the U.S., likely to reside there permanently. How should this affect my asset allocation, since one-third of ...

Investing tips for expectant parents

Q. My wife Brianna, who’s 30, is a teacher. I’m 35, and work for the government. We have just completed building a new home and are expecting our first baby. While things will be tight with her going on maternity leave, we will have about $10,000 annually to invest for the next few years. What ...

How to tell if you’re over-using credit—and get it under control

According to the latest report from Statistics Canada, the average Canadian owes more than $23,000 of non-mortgage debt. Even our seniors (those 65-plus) are taking debt into retirement and owe on average $16,000 of non-mortgage debt. The reality is that we’ve become comfortable carrying debt and ...

Should you use TFSAs and savings to pay off your mortgage?

Q. Our mortgage is our only current debt, and between our TFSAs and other savings, my wife and I could pay off the full $230,000 remaining on our home on renewal later this year. What are the pros and cons of doing this? –Patrick A. At first blush this strategy may seem straightforward—and that ...

Should you opt in to a group RRSP?

Q.I’m 35 years old and have just started a new job with a large transportation company that offers a group RRSP. What is this and how does it work? And how do I determine whether I should sign up for the group plan, or just stick to my regular annual RRSP contribution at my bank?–Jonathan A. So ...

5 Reasons to Switch to a Robo-Adviser

If the term robo-adviser conjures up images of C-3PO controlling your money, relax: we’re not robots. So, why are Canadians making the switch to a robo-adviser? We leverage technology to create a modern online experience for the benefit of our clients. “Robo-adviser” is a recent term, used to ...

“Do I really need to rebalance my investment portfolio?”

Q. I have been investing the Couch Potato way for several years now, and I love it because it’s such a simple strategy. Still, I am very negligent when it comes to rebalancing. It’s now been six years since I’ve rebalanced my RRSP and TFSA, but my returns have still been very good. What retur ...

How safe is it to keep more than $100,000 in one savings account?

Q. My wife, Rina, and I are in our late 20s and are saving up for a downpayment for a home. We have $120,000 in our account and are trying to reach $200,000 so we can make at minimum a 20% downpayment on a $1 million detached home in Toronto. My question is, how safe is our money in one account? Ar ...