Archive for September 2022
Weekend Reading: RRSP vs. RRIF Edition
One question retirees face when setting up their retirement income plan is whether to convert their RRSP to a RRIF or to make withdrawals directly from their RRSP. There are pros and cons to each approach, depending on your age, how much income you require, whether you have a spouse, and where your RRSP account…
Read MoreMoney Bag: Creating Retirement Income, Money Resources For Beginners, All Equity ETF Comparison, and More
Welcome to the Money Bag, where I answer questions and address comments from readers on a wide range of money topics, myths, and perceptions about money. No question is off limits, so hit me up in the comments section or send me an email about any money topic that’s on your mind. This edition of the Money Bag…
Read MoreWeekend Reading: Tax Loss Selling Edition
Many of my clients and blog readers are looking to change their investing strategy to a simple indexing approach using a single asset allocation ETF. This can make a lot of sense if you want to reduce fees, improve diversification, and simplify your portfolio. Indeed, investing complexity has been solved with all-in-one ETF products. Making…
Read MoreRRSP Loans: Why You Should (and Shouldn’t) Get One
February is RRSP season, which for many Canadians means an annual trip to the bank to make an RRSP contribution before the deadline (March 1, 2023). It might be tempting to take out a loan if you don’t have the cash available to make a contribution – the rationale being that in one shot you’ll…
Read MoreMy Own Investing Multiverse Of Madness
A counterfactual is when we create possible alternatives to events that have already occurred – something contrary to what actually happened. We do this all the time. “If only I had set my alarm, I wouldn’t have been late.” “If only I hadn’t been speeding, I wouldn’t have wrecked my car.” We also use counterfactual…
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