TFSA

Beyond financial planning: How to achieve the lifestyle you want

Q. I have just turned 40, am single, and earn $86,000 a year. I also have zero debt. I just finished paying off my house, worth $315,000, and I would like to continue to put away my mortgage payment of $1,000 every two weeks as savings. Because all money went to debt repayment, I’ve never really ...

Canada’s best credit cards for travel insurance

These days, nearly all credit cards include some kind of travel insurance. Like purchase protection, it’s an easy add-on to entice customers, but savvy Canadians know that not all insurance is created equal. Most travellers really only need to consider a few kinds of coverage: emergency medical, ...

My TFSA Update April 2019

Image Credit: Perfect Gui / Shutterstock.com   In this series, I (Jin Choi) talk about my journey of investing in my TFSA account. If you want to know what a TFSA is, I recommend you read my free book. In this update, I’ll give my thoughts on the current state of the Canadian oil and gas ind ...

Real estate has treated this investor well—but it’s time to diversify

ME AND MY TFSA Name: Peter Leung Age: 36 Location: Vancouver/Hong Kong Occupation: International real estate manager Strategy: Income-producing real estate investments, mainly REITs TFSA HOLDINGS WealthBar balanced fund: $6,075 Centurion Apartment Real Estate Investment Trust:  $22,500 Triumph Rea ...

What’s the best TFSA investing strategy for a young professional?

Q. I’m a 28-year-old speech-language pathologist making around $5,000 per month after tax. I have been aggressively saving for the past two years and was able to fully pay off my $32,000 student loan debt during that time as well. I currently have $10,000 in my TFSA and I am not sure what to do w ...

Create a More-profitable Secure Portfolio with TFSA Investment Options

Make better TFSA investment decisions and stop picking stocks that cost you more money than you earn. Your tax-free savings account, or TFSA, can generally hold the same investments as an RRSP. This includes TFSA investment options of cash, mutual funds, publicly traded stocks, GICs and bonds. Thes ...

Avoiding future interest is one way to look at your return on investment

Q. I’m 47 years old and, after suffering a personal injury, have just been awarded a medical pension of $400 per month. The money is indexed annually and payable for life. I can opt for a cash-out and receive $120,000 upfront, but I’m unsure which is the smarter option. My mortgage renews in 20 ...

A TFSA plan to help fund retirement—without losing any sleep

RANDALL BAKER Age: 65 Location: Winnipeg Occupation: Worked in manufacturing and safety deficiencies but now retired TFSA total: $29,632 RANDALL’S TFSA HOLDINGS iShares Canadian financial monthly ETF (FIE.TO)                  $29,632 TOTAL:                  $29,632 Randall Baker ...

TFSA is likely the best place for a university-bound teen’s money to grow

Q. I gave my 18-year-old granddaughter $1,000 as a Grade 12 graduation gift. She worked this past summer and the rest of this year’s university is already paid for, so I suggested she open a brokerage trading account and put the $1,000 toward two Canadian bank stocks. Is that a good idea? Or is t ...

When you should take a break from investing

Q. For the last three years, I have been investing with a Couch Potato portfolio using ETFs. I’m about to get married and hopefully start a family. Would the Couch Potato still be a good strategy during what I know will be high-expense years, with a mortgage, children and so on in the near future ...