Hi, New to index investing, I recently decided to review my finances and move all my assets from Sunlife to Questrade to rebuild a new portfolio. Below is my new asset allocation: edit 1 : (thx craftsman) risk profile: medium-high (agressive) Expected return: > 8% time frame: 15 years TFSA XFN.TO =>...
Jun 22nd, 2020 1:44 pm
I’m 3 months away from hitting 65 and I’ve been offered an early retirement package. It will consist of 1 year of benefits and some kind of financial compensation based on years of service. What are some of the things I should consider in this situation? ...
Jun 8th, 2020 9:15 pm
I'm in my mid-30s and haven't really thought much about retirement until recently. I have a little house that should be paid off by the time I'm 51, and believe I'm on track to have about $1M in the bank by the time I'm 55. I come from an extremely poor ...
Mar 15th, 2020 8:35 am
Hi I will be retiring soon and am wondering a couple of things. 1. Once retired and drawing upon my RRSP, how do people manage it? Lets say I want to withdraw $5k/month. So then I sell $5k worth of my All in One ETF. On that amount, I know there will be a withholding fee, trading fee and a partial t...
Feb 23rd, 2020 6:20 pm
My wife was sold this product as a new immigrant to Canada who arrived to work at Tim Hortons. When she arrived, she had no savings, no TFSA or RRSP and was making mimimum wage; she was only 27-years old and had no excessive income to spare. An unnamed financial agency/life insurance company was abl...
Feb 11th, 2020 4:59 pm
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Jan 22nd, 2020 8:40 pm
Higher Ground is having its closing / retirement sale in-store Everything is 40% to 60% off in store. Was there since opening. All Canada Goose beside gloves are gone except 3 parkas Arcteryx except some camosun, magnus, koda in various sizes. ...
Jan 9th, 2020 12:35 pm
If someone, 45 years gets laid off after 20 years of work and gets a severance package, will the severance package be considered retirement income? The severance package was Salary Continuance with all benefits such as Medical Dental etc intact . So salary was deposited in bank every payday ...
What do you all think of VCNS or VCIP for retirement? This is for my parents in their 60s, trying to get them away from high MER mutual funds or complex strategies that require "management". It's probably not the most tax efficient, ...
I know this is a broad question, but wondering what most people think they need in retirement. Most websites/planners will say that you need to budget for 70% of your gross income. Does that seem a bit high? Why does no one talk about it in dollar terms. I mean, ...
Nov 7th, 2019 1:26 pm
If my household income is currently north of $200k and we will probably work in Canada for 30 years, would it most likely makes sense to try to maximum RRSP contributions every year? I'm thinking given we have to make maximum contributions to CPP every year, my CPP income would probably be high when...
Oct 24th, 2019 11:58 pm
Recently paid off Mortgage and was thinking it may be a good idea to purchase second home now since real estate savings could be $$ more than investing ? Will be retiring in 4-5 years so if real estate prices increase even 3% per year that is 12-15% over 4-5 yrs. Purchase price for new home now 300-...
Oct 10th, 2019 12:23 pm
Hello! I just finished reading Millionaire Teacher and it got me thinking about my work investments. I am with Sunlife financial and I called and asked if the posted fees that I see in the account are the total fees paid for each fund. They confirmed and I just want to verify that these group invest...
Aug 30th, 2019 3:46 pm
My Parents (69,65) recently sold their house and moved in with my brother to help him out with the children. They also took possession of a Condo in Toronto this summer. This was supposed to be their residence for foreseeable future but circumstances changed. The Condo was 650K+ and is now worth 950...
Looking for some discussion based upon personal experience for winter retirement options: 1) 2-4 mths /yr 2) does not have to be hot...winter daytime lows of 10-15c is fine 3) safe and worry-free...I am a conservative traveler with some anxiety issues 4) does ...
... 71 years old Indian male client who lives in a downtown apartment alone (no family). With declined health and isolation, he is hoping to move to a retirement residence /assisted living facility. For him, it is important to move to a residence which has has a lot of south Asian residents and provides ...
Jun 5th, 2019 12:09 pm
... does anyone if a calculator online can provide the following functions? - RRSP contribution future value including rough taxes to be paid upon retirement - non-registered future value including options to incorporate rough taxes paid on eligible dividends and other tax efficient investments ...
Apr 11th, 2019 8:43 am
I have a financial planner and already have a sound retirement plan but I tried 4 retirement calculators (Sunlife, Scotia, TD and Government of Canada) just for the fun of it. According to all (except one which asked almost no questions) of them I"m ...
Mar 11th, 2019 3:17 pm
HI, I am looking for some advice on what type of investment product would be best for my Grandmother who is selling their house to move into a retirement home. The cost of the retirement home is around $4K a month and the profits from the home sale should be around 400k. I am obviously looking ...
... self directed investments so looking for something a bit on the easier side. Also not afraid to learn if it would help improve my returns. Target retirement age of 65 or earlier if possible. thank you,
Feb 18th, 2019 1:23 pm