Family RESP advice
Hello All,
I need some help with RESP account. Currently my wife have RESP account (not DI account) for both our kids with RBC and advisor asked to invest in mutual funds (RBC Target 2030 Education Fund; MER 1.98%).
Currently I am looking for other options like moving them to RBC DI or Questrade account.
Is it best move to RBC DI or Questrade (ETF) or TD DI (TD e-Series) ?
currently I am using couch potato portfolio as reference (https://canadiancouchpotato.com/model-portfolios/). We have 2 kids and oldest is 6 years. We live in Ontario province.
The reason I included
1. RBC DI is easy to move. currently RESP mutual fund account is with my wife banking account. I am not 100% sure if we can buy TD e-Series funds with zero commission fee using RBC DI.
2. Questrade due to zero fee commission buying an ETF.
3. TD DI is due to access to TD e-Series with no commission fee.
I would appreciate If anyone has different portfolio recommendation/portfolio suggestion. Please advice.
Thank you.
I need some help with RESP account. Currently my wife have RESP account (not DI account) for both our kids with RBC and advisor asked to invest in mutual funds (RBC Target 2030 Education Fund; MER 1.98%).
Currently I am looking for other options like moving them to RBC DI or Questrade account.
Is it best move to RBC DI or Questrade (ETF) or TD DI (TD e-Series) ?
currently I am using couch potato portfolio as reference (https://canadiancouchpotato.com/model-portfolios/). We have 2 kids and oldest is 6 years. We live in Ontario province.
The reason I included
1. RBC DI is easy to move. currently RESP mutual fund account is with my wife banking account. I am not 100% sure if we can buy TD e-Series funds with zero commission fee using RBC DI.
2. Questrade due to zero fee commission buying an ETF.
3. TD DI is due to access to TD e-Series with no commission fee.
I would appreciate If anyone has different portfolio recommendation/portfolio suggestion. Please advice.
Thank you.