Market Update for May 2021
May was another good month for the equity markets, while fixed income recovered a little of the losses from the first quarter.
All posts for Investing
Pension Buyback – Is it Right for You?
A client recently contacted us with the following concern: “I took some time off work for maternity leave when I had my child. Now I have returned to work, and I have been notified that I have the option to buy back my pension. What does this mean, and should I do it?” A pension buyback, also referred to as […]
Q1 2021 Performance Update
Q1 2021 Performance Update The first quarter of 2021 was a good one for ModernAdvisor’s portfolios; with the exception of risk level 1, all portfolios were positive for the quarter. With equity market performance being strong, you’d expect performance to be strong from portfolios that use index ETFs, so with bond markets having their worst quarter in decades that was […]
Compound Growth – Time on Your Side
Albert Einstein reportedly said, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” When it comes to investing, there are two very important keys to success: harnessing the power of compound growth, and starting early. Let’s take a look at each of these concepts, beginning with compound growth. (Note […]
Should You Have a Spousal RRSP?
A spousal RRSP is not just for retirement planning – it can also be a great tax planning tool. Given the high level of taxation in Canada, tax savings should always be a priority for Canadian investors. Proper tax planning involves making the most of any potential tax savings strategies available to you. First and foremost, although the official terminology […]
Market Update for April 2021
April was another strong month for equity markets, while fixed income had a flat month.
Market Update for March 2021
March was another strong month for equity markets, while fixed income continued to struggle.
What Happens to Your RRSP at Age 71?
In the past, most Canadians relied heavily on employer pension plans and government pension plans to provide a source of income in retirement. These days, many employers no longer offer pension plans, and individuals frequently change careers and employers. As such, the Registered Retirement Savings Plan, or RRSP, has become one of the most common retirement savings plans in Canada. […]
