Tag Archives: Funds

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robcarrick February 26, 2013 - Masters of Money

Rob on Retirement Savings

Think you’re preparing for retirement? Hoping you will have enough? Rob Carrick responds to user submitted questions on retirement savings and planning. ► MORE
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robcarrick December 24, 2012 - Masters of Money

6 Costs to Consider When Investing

People invest all the time without considering the cost, but let’s cut them some slack. When investing, there can be as many as six different price tags to consider on the same account. Let’s go through them one by one. ► MORE
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Alison-Griffiths December 3, 2012 - Masters of Money

Beware of Too Good to Be True Investments

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
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Posted by Alison Griffiths / 2 Comments

Taub July 23, 2012 - Masters of Money

Registered Accounts: TFSAs

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
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Alison-Griffiths July 6, 2012 - Masters of Money

Asset Allocation

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
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Posted by Alison Griffiths / 1 Comment