Retirement

Tangerine Bank Review 2020

By Kornel / June 7, 2020 /

It shouldn’t come as a shock that more and more Canadians from all generations are taking the time to look into online banking and high interest savings accounts these days.  We’ve gotten over two-dozen emails in the last few weeks asking about our recommendations, as people look for an attractive place to park cash during…

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eq bank review 2020

EQ Bank Review 2020 – Canada’s Best Online Savings Account?

By Kornel / June 4, 2020 /

After becoming a client when they first launched over three years ago, I thought it was about time to pen the authoritative EQ Bank Review for Canadians to compare to their traditional branch banking services. I was even part of their early-access group before their popular EQ high interest EQ Bank Savings Plus Account was available…

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Low-Cost Countries for Canadians to Retire Early In

Low-Cost Countries for Canadians to Retire Early In

By Kyle Prevost / March 29, 2020 /

**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…

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Withdrawing from your RRSP, TFSA, and Non-Registered Accounts for Retired Canadians

By Kyle Prevost / March 1, 2020 /

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…

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The Ultimate Guide to Safe Withdrawal Rates in Canada

The Ultimate Guide to Safe Withdrawal Rates in Canada (For Any Retirement Age)

By Kyle Prevost / November 3, 2019 /

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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Reader Mail: I’m a Low Income Senior – RRSP or TFSA?

By FT / September 30, 2019 /

A reader emailed me recently about being a low-income senior, but with some savings ability and was wondering if it makes sense to start an RRSP or a TFSA. The email did not include a lot of details, but for the most part, my answer would be the same – TFSA. The next question is…

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Can You Have Too Much RRSP?

By FT / August 5, 2019 /

Since I’ve written about how much you need to save to reach $1M in your RRSP starting in your 30’s, 40’s, and 50’s, I’ve been getting questions from readers who have significant RRSP contributions.  More specifically, can you have too much in an RRSP? I haven’t been able to find any good articles online that…

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Building a $1,000,000 RRSP Starting in your 30’s, 40’s, and 50’s.

By FT / July 8, 2019 /

I recently wrote about how you can build a comfortable retirement lifestyle even if you start a little late.  The article included a couple of examples of an investor who starts in his/her 40’s and 50’s and still result in a comfortable middle-class retirement.  But what if you want a little more during retirement?  What…

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