Weekend Reading – Financial stress index edition
Welcome to my latest Weekend Reading edition, where I list some of my favourite finds from the personal finance and investing blogosphere.
In case you missed the last edition, the Worried About Inflation edition (and what you can do about it) you can make a simple click here.
Enjoy the articles, stay well, and have a great weekend!
Interesting thoughts by a financial planner on MoneySense recently, when tax-deferred and tax-free accounts might be taxable.
From the article:
“The tax treatment of RRSP and TFSA withdrawals should motivate investors to choose their asset allocation wisely between not only types of stocks, but also stocks and bonds. It may be beneficial to hold more fixed income in an RRSP and more stocks in a TFSA. That way, growth should occur primarily in a tax-free TFSA, instead of a tax-deferred RRSP that will someday be taxable.”
Personally, I think more fixed income in an RRSP is a big mistake and I wouldn’t follow this advice myself.
You can read in general terms what I own where, and why, from these dedicated pages below including the U.S. withholding tax considerations. I wouldn’t let taxation get in the way of equity growth.
As a follow-up to the first interview “Reader B” is back, on Tawcan’s site. This reader is earning an incredible $360,000 per year in taxable, dividend income. “Reader B” was back to tout the advantages of taxable investing over investing inside the RRSP. Interesting stuff, but the RRSP is still one heckuva tax-deferred account…
As part of the Weekend Reading headliner, I grabbed this infographic below from FP Canada as part of their recent 2021 Financial Stress Index.
I had little doubt money and personal health are at the top of this stressful list…
Financial Independence – Retirement
As part of my ongoing commitment to share some financial independence, early retirement or retirement articles from the blogosphere, here are some links!
On Cashflows & Portfolios, we profiled the Longevity Pension Fund and offered our take on why this may or may not be the retirement income fund for you.
Love or hate the 4% safe withdrawal rate? This early retiree has no preference and clearly ignored the 4% rule as part of his plan for retirement. Read on: the proven path to early retirement ignoring the 4% rule.
This Canadian investor retired at 32! Find out how here!!
There are also dozens of Retirement stories and essays you can learn from here.
Well done Cheesy Finance. Gotta love this chart.
Maple Money answered the question: what is value investing?
What is the Smith Manoeuvre and how does it work? Stocktrades.ca has some answers.
Liquid Independence shared some tips on how to sell a used vehicle.
Are bonds back (in favour)? Not in my portfolio. Dale Roberts has a take.
Robb Engen wrote about misguided dividend investing. That post is sure to get some investors riled up!
Save, Invest, Prosper!
As always, check out my Deals page.
My very own personal BMO promo code remains available! Use that BMO code to get hundreds in cash back when you open investment accounts with BMO like your RRSP, TFSA, taxable account and more!
I’ve got a new partnership with EQ Bank – just look at the banner in the margin!
With LegalWills.ca use my personal My Own Advisor promo code for 15% off any services – that never expires.
I earn $600 in cash back every single year. Scroll down my Deals page to get the same credit card I use in your wallet.
Enjoy your weekend!