Tag Archives: rrsp

Sad intros to investing: what I – and my adviser – did wrong

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It was an ad in the subway that inspired me to start contributing to an RRSP at the hot young age of 21; the ad featured a simple but colourful graph that showed how investing in your 20s would get you that much further ahead than starting in your 30s or 40s. MORE

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Financial concerns of younger versus older seniors

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Until relatively recently, most people who retired after decades of work had been employed at one or two jobs their entire lives, had little or no debt and had a pension income that was unlikely to change over time. MORE

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Pensions: transitioning from an employer with a DB plan to one with a DC plan

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Much of the debate over the proposed expansion of the Canada Pension Plan (CPP) into a “Big CPP” is based on the desire to give ordinary Canadians the equivalent of the solid defined benefit (DB)pensions that many employers are trying to eliminate. MORE

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Navigating your first tax refund

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So you’ve just left the office of your accountant or local tax filing joint, or logged off your online tax filing software. With a massive grin on your face, visions of cars, shoes, trips and trinkets start dancing through your head. MORE

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When to convert an RRSP to a RRIF – early, at the last possible moment, or not at all?

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Thoughts of converting a registered retirement savings plan (RRSP) to a registered retirement income fund (RRIF) can make one feel a tad old. Put a positive spin on things, and consider the switch to be a financial opportunity. MORE

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