Question. I’ve been fairly diligent about saving, and have contributed to my RRSP every year. I’m not ready to retire just yet, but I do plan to retire within the next few years. I guess after all these years of saving, I hadn’t really thought much about it, but now I’m wondering, what happens to my RRSP after I retire? […]
While December 2018 was the worst December in 25 years, January was the best January in 25 years.
Question. My investments are currently at one of the banks. I have been reviewing my portfolio and how it has performed over the last few years, and I am unhappy with the performance. I have done my homework and my due diligence, and I have decided that I am ready to transfer my investments over to ModernAdvisor and become a […]
Question. I have an RESP with another company. We signed up and opened the account when my daughter was born. Last week, I contacted the company to initiate a transfer, and I was told that I would be charged over $4,000 in fees! I feel like I’ve been totally misled and I’m furious. Why is this happening? Are all RESPs […]
Question. I’ve heard that the CPP is changing. Is it? To be honest, I don’t really understand the CPP, or the change. But I hear some people saying it’s good, and others saying it’s bad. Can you tell me more about the changes and how they might affect me? Answer. Yes, as of January 2019, the Canada Pension Plan (CPP) […]
Question. I’m nervous about investing in other countries – especially the US. Every time I turn on the news it feels like something crazy is going on with the stock markets in the US. Last year, I felt like my portfolio was on a roller coaster ride. I’m wondering if I should just keep my investments in Canada instead… Would […]
December 2018 was the worst December in 25 years. Stock markets were down around the world; Canadian and emerging market bonds were one of the few bright spots.
Question. Hi, I read recently that the TFSA limit has been increased this year, and I want to make sure I’m maximizing my contributions. I find it’s often quite stressful to come up with the money for contribution. This year, with the higher limit, I just know I’m going to have a hard time again, and I’d like to be […]