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  1. Investing
    So for several years I have been giving money to my parents to help pay off their mortgage. They have recently paid it off and I still give money as it is part of our culture and I feel it is my duty to give back for all they have done throughout my life. Since they have paid it off, they are...
  2. General Personal Finance Talk
    I was relieved of my job of 11 years and received an OMERS package in the mail with the pension options available to me. I am struggling with the decision and looking for feedback. I am 52, married and have a child. Due to COVID I have no idea when I will be able to return to work, what I will...
  3. Retirement
    My husband and I are considering retiring in the middle of next year. I've been doing a lot of reading on this forum and elsewhere about calculating an appropriate withdrawal rate. I like the VPW approach but given our age and pension situation, I think that an appropriate withdrawal rate will...
  4. General Personal Finance Talk
    Assume a 70 year-old at the cusp of retirement with a 1m portfolio, half of which is in an RRSP (soon to graduate into an RRIF) and half in non-registered accounts with no taxes due. The old sport would like to annuitize half of his portfolio using a single premium immediate annuity with a 10...
  5. Retirement
    So I've joined this forum with the primary purpose of obtaining advice on what has become my enjoyable but complex responsibility of managing my mom's wealth. I hope that this will be an enjoyable exercise that may be of great benefit to my mom who deserves the best as she has and continues to...
  6. Retirement
    Hi all, I've got a RRSP question that I'm not sure how it works. So here is an example... I have a few dividend stocks in an RRSP account. Let's say I turn 65 and need to withdraw these. I don't want to sell them. Can I do a transfer in kind to a non-registered account and pay the government out...
  7. Investing
    Hello I have a bit of an issue and need to know how to investment my grandmother's money. The amount is 700,000 1. Max out her TFSA and invest in GICs 2. Make and "Lock In" funeral arrangements. What I'd like to know is what other types of accounts I could open for her while she's still alive...
  8. Retirement
    Hi Folks, Newcomer to the Forum (and loving what I am seeing so far). I am 50, looking to retire in 5 years. Wife is 48 and looking to retire in 10 years. Combined income of 325k (25/75) I have been debating on whether or not to put the following into action: • Deplete TFSAs (combined...
  9. Retirement
    I'm 51 years old, senior executive of a global company. and my DW is 44 and work as part-time dental hygienist . We have two kids, 18 and 11. We are all Canadian citizens living in Florida. for various reasons especially my stressful job, we are think seriously going back somewhere in Ontario...
  10. Vendor Deals
    WealthBar is Canada's only robo-advisor specializing in retirement income planning. Low cost investing. Advice you can trust. Open an account and get: Access to higher quality investments previously only available to the ultra-wealthy. These higher return, lower volatility portfolios have...
  11. Retirement
    One question that often comes up about CPP benefits is whether to take it earlier or later. If you Google this, you’ll get different answers: some say take it early, others say take it later. It seems the experts don’t quite agree, so I wanted to do a thorough analysis myself. Now, before I...
  12. General Personal Finance Talk
    New to the forum, just looking for some financial planning advice. I'm pretty financially illiterate and am reaching out here in hopes of some guidance! I am a 23 student working two jobs and on OSAP. I have some goals I'd like to achieve, but am at a loss as to how to see them to fruition. I...
  13. Taxation
    I have just retired and have investments in RRSP/RRIF, TFSA and Non-registered accounts. What would be the most efficient way to withdraw funds during retirement? Thanks.
  14. Retirement
    I am aware that Rule #1 of a large inheritance is do NOTHING right away to avoid stupid decisions etc.. Obviously sitting down with a financial planner is also of the utmost importance, especially due to our unsophisticated investment knowledge, but I wanted to start getting a feel for things...
  15. Retirement
    I'm 58, married, 11 yeras old autistic son, 23 y.o. daughter. I am employed with almost an empty ( 5K) RRSP. I have unused contribution of about 50K. My wife, 50 years old, software developer has RRSP of about 100K and unused contribution of about 80K. No TFSA. We have a house of about 800K with...
  16. Retirement
    Intel Corporation Omega Healthcare Investors Inc Procter & Gamble Co Procter & Gamble Co These are stocks I will focus on in my retirement portfolio. Any inputs anyone?
  17. Investing
    What are the most tax efficient retirement investment methods for people filing taxes in both Canada and the USA? This is new to me, but my wife is a US citizen and I'm looking at becoming a "US resident for tax purposes" to take advantage of several significant rebates relating to having 4...
  18. Retirement
    There seems to be some confusion on the governing jurisdiction for our LRSP and I am not sure how to determine it ( and so is our financial institution) I assumed that they could "look it up" but that doesn't seem to be the case. The funds were withdrew from a pension upon termination of...
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