Leading off this Weekend Reading list, I was surprised to learn recently that 6% of Canadians have taken money out of their RRSPs to fund a trip. Really? Hard to believe some folks are using a retirement account to take a vacation but I suppose it’s much better to do that than to get into major debt because of the trip.
On the theme of money not well spent, Preet Banerjee posted podcast # 12 recently where Peter Hodson, Editor of Canadian Money Saver magazine and former Chairman of Sprott Asset Management left a million dollar job on Bay Street because he couldn’t take some of the financial industry shenanigans anymore. Take a few minutes to listen to this podcast. Peter was very candid with his answers thanks to Preet’s questions.
Enjoy these great articles and your weekend!
Retire Happy offered some ways to simplify your finances.
Boomer & Echo wrote about why we save.
The Blunt Bean Counter questioned whether folks are using their RRSP wisely.
Modest Money has a generous December giveaway underway.
Million Dollar Journey inched closer to his net worth goal.
Andrew Hallam thinks toddlers can predict the future better than most adult investors.
The Passive Income Earner shared why it pays to compare mortgage rates.
Simply Investing was kind enough to highlight yours truly in his best of the best.
Hi Mark, thanks for the mention!
Thanks for the kind mention.
Great reading list as usual.
Thanks for the mention. 🙂
I enjoy going through these weekend links.
Hope you enjoy them Avrex. Cheers.
Thanks for the link!
Thanks for the mention, end of year planning can get lost in all the fun of the holidays. Enjoy your weekend…
Agreed. Working on some year end planning myself.
Thanks for your kind words when you dropped by and thanks for promoting the giveaway!!
Have a super awesome weekend.
You’re welcome Eddie. Cheers!
That is quite a surprise about how many people take money out of their RRSPs. Now that we have the TFSA, I think it would make more sense to liquidate that before RRSPs, unless the person isn’t making income anymore. Thanks for the mention 😀 Enjoy the weekend.
I agree, liquidate TFSA before RRSP if you really have to since the money has already been taxed.
Thanks for the mention. I’m thinking of having the greatest year-long trip and funding it by draining all of my RRSPs 🙂
Ha…uh-huh, I bet you are. 🙂