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Tax-Free Savings Accounts (TFSAs): The Gift to Seniors that Keeps On Giving
Categories: Masters of MoneyTags: Retirement Income, Retirement Savings, RRIF, tfsaAs of January 1, 2013, the annual contribution amount for TFSAs has risen to $5,500. ► MORE(Read more...)
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Your RRSP: why you must select the right beneficiary
Categories: Masters of MoneyTags: beneficiary, RRIF, rrsp, TaxesBenjamin Franklin once wrote, “In this world nothing can be said to be certain, except death and taxes.” While you can avoid neither,...
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Investing in your senior years: What’s the same? What’s different?
Categories: Masters of MoneyTags: Investing, retirement, RRIF, rrspAs a senior, my father took the investing path less travelled. He eagerly flung his RRSP and then his RRIF money into one trendy idea...
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When to convert an RRSP to a RRIF – early, at the last possible moment, or...
Categories: Masters of MoneyTags: retirement, RRIF, rrsp, savingsThoughts of converting a registered retirement savings plan (RRSP) to a registered retirement income fund (RRIF) can make one feel a tad...
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Financial concerns of younger versus older seniors
Categories: Masters of MoneyTags: CPP, Financial Planning, OAS, retirement, retirement planning, RRIF, rrsp, SeniorsUntil relatively recently, most people who retired after decades of work had been...
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Highlights from the 2015 Federal Budget
Categories: Masters of MoneyTags: EI, Entrepreneur, Federal Budget, RDSP, RRIF, Tax Credits, tfsaHere's a rundown of the highlights from the 2015 budget, which provides tax relief to families, seniors...
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RRIFs and what every senior needs to know
Categories: Masters of MoneyTags: Federal Budget, Government, retirement, RRIF, Seniors, TaxesYou can’t avoid death or taxes but with a bit of planning, a RRIF can be structured to minimize investment...
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