When it comes to choosing an investment, sometimes your choice will depend on what stage of investing you are at. In this article I explore investing as a progression or evolution of how much money you have in your portfolio. Experience and timing can play a role in how your money is invested. If you… Continue Reading
Category Archives: RRSP/RRIF
The Improper use of RRSPs
The whole point of RRSPs is to encourage Canadians to save for their retirement. At a time when government benefits will be under pressure as the baby boomers head into their retirement years, Canadians will need to self-fund their own retirement. Related article: How to save for retirement Traditionally people with pensions fared well in… Continue Reading
RRSP Deadline is fast approaching
Every year, Canadians go through a financial ritual – the RRSP season. In the first 60 days of the year, Canadians can make contributions to their RRSPs and use these contributions as tax deductions for their previous years tax return which has to be filed by April 30th. In most years the RRSP deadline falls… Continue Reading
2013 Online RRSP Guide: Helping your with RRSPs
The 2013 RRSP season is here and here’s a list of my articles to help you make good decisions and plan for retirement. I’ve been writing about this topic for a long time so I warn you, there is a lot of content here so you might want to bookmark and come back. I’ve broken… Continue Reading
TFSA or RRSP: A case study
I’ve written about choosing between a TFSA or RRSP in the past but I thought I would share a real case study on someone I recently met. Richard is 32 years of age. He is married with one four-year-old son. He is putting away $300 per pay into 3 different accounts at the bank. $100 per… Continue Reading
The proper use of RRSPs: the one formula approach
No matter what time of the year it is, one of the most popular questions I get is whether it makes sense to buy a RRSP? I remember coming out of University and my father telling me I should invest in RRSPs for retirement. When I asked him why, he simply said “It’s a good… Continue Reading