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Tag Archives: Funds
Your best defense against getting drawn into too-good-to-be-true investments lies in understanding a bit about psychology. The marketplace is masterful at using greed to entice you into buying something. Back in the late 1990s one of the most common emails I received from readers was about commuting a pension – i.e., taking it in a cash lump sum rather than as regular pension payments. MORE
Canadians 18 or older with a valid Social Insurance Number can save up to $5,000 each year in a Tax-Free Savings Account (TFSA). A TFSA is a very flexible savings vehicle. Unlike a Registered Retirement Savings Plan (RRSP), contributions to a TFSA are not tax deductible. The money you put into a TFSA has already been taxed. As a result, you can withdraw your TFSA savings whenever you want for any reason, without any tax consequences. MORE
Asset allocation is a fancy phrase that simply means a plan, recipe or blueprint for your investments. For example, if you’re a conservative investor, you likely will want a good percentage of your investments in safe stuff, such as guaranteed investment certificates and bonds. MORE