In Canada, we pay some of the highest fees in the world for mutual funds. Management Expense Ratio (MER) fees are taken off your portfolio and can be 2% to 3% per year. To put this in perspective, for a portfolio of $100,000 with an MER of 2.5%, that's $2,500 per year in fees!
STOP! Only fools rush in... to RRSPs
3 Account Cash Flow System
The ETF: A giant box of assorted LEGO
Projecting Retirement: Choose Your Own Adventure
A retirement projection can be the basis for your own "Choose Your Own Adventure" book. Should I take some nice vacations with my kids now? Should I buy that sports car? Will I have enough when I am 65 to travel? The only way to really answer these questions is to take a look at your finances NOW and how they project out to the FUTURE.
Financial Priorities: What is most important to you?
Budgeting: Knowing is Half the Battle
TFSA: The Overlooked Sidekick
TFSAs are greatly overshadowed by the RRSP as a retirement account. The RRSP program has long been the default retirement program for most Canadians but is it the best retirement solution? Although it has been around since 2009, the TFSA program, with a 2017 limit of $52,000, is sizeable enough to be given serious thought as a retirement or long-term savings plan.