Today we’ll look at the core Canadian equity ETFs that you might use when you build a global ETF portfolio. The Canadian stock market is dominated by financials and energy. It is not a well-diversified index. It might be a case of pick your poison, a level of ‘undiversification’. That said, the weakness of the […]
Can you retire on one million dollars in Canada? Plus, the Sunday Reads.
Can you retire with one million dollars? Of course there are many questions to answer first. At what age? How much will you receive in government benefits? Are you single or with spouse? How much debt will your carry into retirement? What lifestyle do you want to live in retirement? Do you want to leave […]
The RRSP meltdown. A Canadian retiree’s greatest hack?
The retirement financial planning tricks of the trade is not a long list. There are a few things you can do to greatly boost your retirement income, while you manage risk. The RRSP / RRIF meltdown might be the most useful retirement ‘hack’. The strategy entails spending down your RRSP funds at an aggressive rate, […]
Checking in on Joan’s Canadian blue chip portfolio. Plus, the Sunday Reads.
In my wife’s personal RRSP account she held the Vanguard VDY-T ETF. It had outperformed the TSX Composite by about 1% annual. We can thank the financials overweight for that. The Canadian financials XFN-T and the Canadian banks ZEB-T have a long history of outperformance. In June of 2023 we moved to a Canadian blue […]
Retirement tip: use the spousal RRSP account on the Sunday Reads.
Income splitting is one of the most useful strategies in retirement. And here’s a retirement tip that is often missed – taking full advantage of the spousal RRSP account. The spousal RRSP account allows a higher income spouse to transfer funds into the hands of a lower income spouse. Those funds will grow tax free; […]
You can count on your CPP payments to be there, on the Sunday Reads.
There are three major pillars for your retirement income in Canada. There’s Government Benefits, Personal Savings and the Employer Pension. The Canada Pension Plan (CPP) and Old Age Security create the Government Benefits. We might consider that part of our pensionable earnings as the amounts are ‘guaranteed’ and indexed to inflation. At times we can […]