Weekend Reading – More millennial bashing, dividend increases, GTA condos, free stuff and more #moneystuff
Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.
This was my article from this past week:
There are many portfolio draw down approaches out there – all of them have pros and cons – but this approach (VPW) might be best of them if you want to ensure you have enough money to last through retirement and you have no plans to leave an estate.
Enjoy the rest of these articles and see you here next week!
Interesting opinion column in the Globe about bashing (or rather to stop bashing) 30-year-olds that live at home. Some fair comments but also some unreasonable assumptions. For one, not every millennial needs to live in Vancouver or Toronto. Secondly, I often wonder what kids are taking in school – are they taking education or acquiring skills training in demand? STEM? Three, I get life is expensive. I wrote about millennial bashing here. Life is getting expensive for everyone not just millennials. The silver lining? Even with Trump protectionism our growing, sharing economy is providing a world of choice and options that never existed when I was young. Not even close. I believe this is a huge opportunity for you (millennials). I have no doubt you can seize it.
National Bank increased their dividend as well this week. Awesome. Another $20 to the yearly income derived from our portfolio (that I hopefully never have to work for again).
Half-Banked wondered if saving for retirement was even possible.
This 60-something wishes to retire soon and wonders if she has enough to earn “…$35,000 per year after taxes.” She also wonders if she should contribute to her RRSP or open a TFSA. Do you support the author’s conclusion?
Interesting infographic here – the largest condo developers in the GTA. I had no idea there were so many.
Although I do have some posts from partners and sponsors on this site from time to time, I do it with brands I know, and trust. Not this spam:
Deals and reminders…
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A reminder millennials can get rich slowly if they follow the advice here – or anyone can for that matter. This post includes a link to a free ebook from the author. I wish I knew this stuff when I was 25.