What the heck should I do with my RRSP this year? - The Globe and Mail
The choices investors face: stocks, options, bonds, futures, forex, cash. ()
The choices investors face: stocks, options, bonds, futures, forex, cash.()
The Globe and Mail
This is the Globe’s Carrick on Money personal finance newsletter.
to get it by e-mail on Wednesday and Friday.A basic rule of investing success is to make regular, automatic contributions to your retirement account every time you get paid. What, you didn’t get that memo? Then let’s hear some thoughts on what to do with a last-minute contribution to your registered retirement savings plan before this year’s Feb. 29th deadline. What we want to avoid is you reacting to the current stock market nastiness by doing nothing.
CBC addresses the nervous RRSP investor in a report headlined: “.”Now for a look at some
- they combine stocks and bonds and thus offer the kind of diversification that takes the edge off stock market declines.Here are
for U.S. dividend stocks for RRSPs.For Globe Unlimited subscribers, here’s equities analyst Jennifer Dowty on
with your money in this violent market sell-off.Need some basic info on RRSPs? Here’s a
from an educational website run by a division of the Ontario Securities Commission.This
will also help answer any questions you have.
written specifically for the millennial crowd.Rob’s top web links& A trend I’d like to see end is the car loan lasting longer than five years - they make expensive cars more affordable, but they keep you in debt for excessively long periods. Here’s
against long-term car loans.& A blog called Retired at 48
the appeal of holding shares of Canadian National Railway, a company with a strong dividend growth record. I have some CNR shares myself and consider them among my best long-term holdings.& As a personal finance guy, one of my all-time least-favourite commercials is the one telling people that a good guideline for spending on a diamond engagement ring is three months’ salary. That’s why I love the results of this , which show one in three people think you should spend less than $1,000 on a ring. The right cost is what you can afford without debt, keeping in mind there will be upcoming wedding costs.& One of the biggest gaps in personal finance writing is the financial strain on new parents. That’s why I’m highlighting this financial
for fledging Moms and Dads.& There’s been some talk in the restaurant industry about eliminating tipping and instead building the cost into food prices. Whether or not you agree with this, you should know about the
of tipping, at least in the Unites States.& Bill Thomas is an expert on aging who has pioneered The Eden Alternative, a system of humanizing nursing homes by introducing live animals and plants. Here’s an
with Thomas in which he elaborates on his ideas about how your senior years can be a great time of life.Today’s featured investment toolDownsizing the family home to a condo is mainly a lifestyle choice - you effectively end your career as a landscaper and snow shoveller. But there’s also a common view that you’re cutting costs and potentially putting less strain on your retirement savings in a condo. I designed the
to test that theory.Ask RobThe question: “Tax season is around the corner. I have been doing my own tax returns for years, but am not sure I am getting all the tax benefits that I am eligible to receive. I would like to find a tax accountant in Toronto. Could you give me some direction on how I could find a good one?”My reply: I have a few thoughts for you. One, think of friends, family members, colleague and contacts who have a similar financial situation as you and ask if they have an account they like. Two, try this
offered by the Certified General Accountants people. Finally, try a google search for accountants in your part of the city. Check out the websites you come across to find a fit.Do you have a question for me?
Questions and answers are edited for length.Featured Video It’s tough for new parents to find money for registered education savings plans (RESPs), but they’re a great way to help save for college and university because of the federal
available. In , I look at how much parents should invest in an RESP.More Carrick and money coverage For more money stories, follow
and join the discussion on . The Globe’s . to let us know what you think of my newsletter.Want to subscribe?
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