Posts by Kyle Prevost
Low-Cost Countries for Canadians to Retire Early In
**Editor’s Note: With everyone obsessed over the tragedy enveloping our world and/or the stock market gyrations that it is causing, we decided to give readers a bit of a sunny break this week. If you want to read our personal finance/investing thoughts on the unprecedented current events, please see our thoughts about investing in the…
Read MoreA Serious Look at Canadian Finance and Investing AC (After Covid)
Nearly 500 people died in Spain yesterday. Humour and money are not the most important topics at the moment. People using war analogies to describe the fight against this nasty bug don’t seem to be exaggerating when you see numbers like that. My attempt to distract people with gallows humour in our Covid-19 article last…
Read MoreCoronavirus (Covid-19): Sell It All
Just Do It. You know you’ll feel better after you scratch that itch… SELL IT ALL! Who knows where this will end? Your brother-in-law who took a biology class twenty years ago said that we might all go to the great tax haven in the sky – so it must be true! We could wake…
Read MoreWithdrawing from your RRSP, TFSA, and Non-Registered Accounts for Retired Canadians
After writing a deep dive article on whether the 4% safe withdrawal rate still works for retirement at various ages, I received a lot of questions basically asking: “Ok, so 4% is a good rule of thumb, but when I actually go to withdraw money from my various investment accounts, to put into my chequing…
Read MoreMotusbank Canada Review 2020: High Interest Savings Accounts, Online Personal Loans, and Mortgages
With more and more Canadians moving to online banks to take care of their daily financial needs, it wasn’t a surprise to us when a new competitor popped up to challenge EQ Bank and Tangerine. Motusbank enters 2020 with its eye on competing for Canadians’ dollars when it comes to their Motusbank mortgages, GICs, and…
Read MoreQuestrade vs Wealthsimple:
The Showdown: Questrade & Questwealth vs Wealthsimple Invest & Wealthsimple Trade Up until last year, investors looking to cut their investment fees to a minimum could choose to go with Questrade if they wanted an online discount brokerage and Wealthsimple if they wanted the ultimate in cheap, hands-off automated investing via a robo advisor. Recently…
Read MoreQuestwealth Portfolios: A Robo Advisor by Questrade
The short answer is yes, Questrade having a robo advisor is nothing new. However, the old robo, Questrade’s Portfolio IQ, has been replaced by their new product: Questwealth Portfolios. So, what does Questwealth Portfolios have to offer and how does it stack up to other robo advisors in Canada? Keep reading to find…
Read MoreThe Ultimate Guide to Safe Withdrawal Rates in Canada (For Any Retirement Age)
You’ve been reading MDJ for years, have used your Questrade DIY discount brokerage portfolio to accumulate a solid nest egg that includes your TFSA, RRSP, and perhaps even a non-registered account. Now comes the time to start your retirement drawdown or withdrawal strategy. Surprisingly, when it comes to discussing Canadian safe retirement withdrawal rates, and…
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