Fellow thirty-somethings, how much are you contributing this year?
Tis’ the season everyone, the RRSP season. Over the next few weeks I expect to see more banking polls and a deluge of RRSP articles to entice you to contribute to your Registered Retirement Savings...
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I’ll maximize my TFSA first, thanks
A fews weeks ago I returned home from a golf vacation, a “boys vacation” in Myrtle Beach, South Carolina. The vacation was great; great friends, great accommodations, great fun even if the golf game...
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My new rock steady bond
For some time now, I’ve been thinking about bonds in my portfolio, making them stronger, meaning shorter. Strong like my buddy Daniel Craig here. For me, given the financial environment we seem to be...
View ArticleUnderstanding yield to maturity is important
Recently, I wrote about my purchase of the Claymore 1-5 Year Laddered Government Bond ETF (CLF). I choose CLF because it carries one of the lowest costs of any ETF in Canada, at a dirt-cheap fee of...
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Online RRSP calculators freak me out
Like seeing a woman with way too much makeup on, the results produced by many online RRSP calculators freak me out. Why? Have you ever seen the math these calculators tell you? It can be rather...
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If you spend that RRSP refund then TFSA makes more sense
Over the last week or so, a few articles discussing the merits of contributing to the Tax Free Savings Account (TFSA) over the Registered Retirement Savings Plan (RRSP) and other RRSP contribution...
View ArticleWhy we optimize, do not maximize our RRSPs
No doubt the RRSP deadline is approaching fast. If you don’t already know, the last day to contribute to your RRSP for the 2011 tax year is February 29, 2012. Here are some quick facts about RRSPs...
View ArticleThe RRSP deadline and some final considerations
Just like Cinderella needed to leave the ball, time is running out for the 2011 RRSP contribution. If you don’t already know, the last day to contribute to your RRSP for the 2011 tax year is...
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The RRSP season is here. Know your options.
Seen the commercials yet? Read the ads online or in the papers yet? I’m sure you have… The RRSP season is here and the financial institutions are making sure you don’t forget about it/them. If you...
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Managing the refund well is the linchpin in the RRSP vs. TFSA debate
There is no shortage of blogposts and media articles about which account is better for retirement purposes: the Registered Retirement Savings Plan (RRSP) or the Tax Free Savings Account (TFSA). I’ve...
View ArticleQuestions for financial experts and their RRSP game plans
A few weeks ago on a flight, I read an article in The Globe and Mail entitled Four experts offer their RRSP game plans. The premise of the article was to disclose the RRSPs of four certified...
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Top International Equity ETFs for your portfolio
Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve.” – Talmud, circa 1200 B.C.-500 A.D. Last month, I provided you...
View ArticleTax Deferred Investing – RRSPs 101
An RRSP is a Registered Retirement Savings Plan that you establish, the Canada Revenue Agency registers, and to which you or your spouse or common-law partner can contribute to. RRSP facts An RRSP is...
View ArticleCha-ching? When to cash out your RRSP
Largely because I’m working full time and these are my contribution years, I haven’t put too much thought into making any withdrawals from our Registered Retirement Savings Plans (RRSPs). Enter my...
View ArticleConverting your RRSP to a RRIF? Consider this…
In a recent post on my blog I covered my bias for winding down the Registered Retirement Savings Plan (RRSP) sooner than later, preferring to move assets from the RRSP to a non-registered account or...
View ArticleRRSPs make great “cents” if you manage the refund
I’ve been a big fan of the Tax Free Savings Account (TFSA) or what I’d like to rename the account as the Tax Free Retirement Account (TFRA) ever since the account was launched a few years ago. It’s...
View ArticleRRSP Fast Facts and Our Game Plan
Ok, I’m sure you already know the basics about the Registered Retirement Savings Plan (RRSP) – so let’s play a game of True or False. RRSPs are an investment product themselves so go out and buy some...
View ArticleThe RRSP is a powerful savings vehicle
Learn, save, invest and prosper by subscribing to My Own Advisor. With “RRSP season” in full swing I thought I would remind you why the RRSP is a powerful savings vehicle, why you might want to take...
View ArticleSeven tips to build a fat RRSP nest egg
Learn, save, invest and prosper by subscribing to My Own Advisor. We’ve all heard it before. The biggest enemy to your financial future is you. This of course is true. I’ve learned to appreciate this...
View ArticleRRSP facts and guidance for this season
Learn, save, invest and prosper with My Own Advisor. With “RRSP season” now in full swing I thought I would remind you about some RRSP facts, why the RRSP is a powerful savings vehicle, why you might...
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