RESP

Best High Interest Savings Accounts 2020

Best High Interest Savings Accounts 2020

By FT / July 12, 2020 /

Way back in 2007 when this blog was in its first year of existence, I first wrote about Canada’s best high-interest savings accounts.  In the early days, I had a large portion of my savings sitting in cash and the interest rates in savings accounts were decent. After the financial crisis in 2008, interest rates…

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Indexed Family Education Fund (RESP) Portfolio Update – 2020 Edition

By FT / May 17, 2020 /

During this time of uncertainty, many readers have contacted me for continued portfolio updates.  One group in particular –  parents –  are asking me what I’m doing with my RESPs. What is an RESP?  At a high level, an RESP is an investment account for future post-secondary students and stands for Registered Education Savings Plan. …

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How Do I Maximize RESP Withdrawals?

By FT / October 28, 2019 /

With my oldest child turning 11 this year, my mindset and strategy for our family RESP is starting to shift from accumulation and growth to a more balanced portfolio. This has many similarities to retirement planning but on a smaller scale. In your younger years, there is a focus on growth, but as retirement approaches,…

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Late Starting your RESP? Here’s how to Catch UP!

By FT / September 9, 2019 /

A friend of mine, Gary, recently asked me about registered education savings plans (RESPs) and if it’s too late to get started. Gary’s kids are 14 and 12, and while a bit late in the game, there is still time to take advantage of free government money. What is an RESP? An RESP stands for…

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Indexed Family Education Fund (RESP) Portfolio Update – 2019 Edition

By FT / January 21, 2019 /

It has been about a year since my last RESP portfolio update which is probably an appropriate time span since it’s a fairly steady portfolio that is 100% indexed.  2018 was certainly a test for equity portfolios and although stocks were pounded, these indexed RESP accounts performed a little better than I expected. The RESP portfolios for…

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Will We Have Enough for Our Children’s University Tuition?

By FT / May 28, 2018 /

A reader left a comment asking if our financial freedom income goal would be enough to cover post-secondary education costs for our children.  The simple answer is yes, but not through excess passive income, but through some planning and investing when the kids were born. While I believe that there is merit in having children…

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Indexed Family RESP Portfolio Update – 2018 Edition

By FT / January 22, 2018 /

It has been about a year since my last RESP portfolio update which is probably an appropriate time span since it’s a fairly steady portfolio that is 100% indexed. The RESP portfolios for our children are set up with TD e-Series mutual funds which provide a low-cost way to index the market (some other ways to index your portfolio). …

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RESP Portfolio Update – February 2016

By FT / February 22, 2016 /

It’s been a little over two years since my last RESP portfolio update which is probably an appropriate time span since it’s a fairly steady portfolio that is 100% indexed. The RESP portfolios for our children are setup with TD e-Series mutual funds which provide a low cost way to index the market.  We contribute $2,500/account/year to get…

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