Weekend Reading – Smarter saving and investing, taking CPP early, dividend increases 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.
These were my articles from the past week:
I interviewed blogger Dale Roberts that suggests you cut the crap – just get saving and investing. Dale offered some advice based on his own life lessons, which included his blunt take for most Canadians:
- Pay off your debts.
- Invest regularly in low fee funds or dependable companies.
Keep it simple.
Some dependable Canadian companies increased their dividends this week:
CN Rail boosted their dividend by 18% this week. I wish I owned more shares of CNR but there is only so much money I can invest. Like Dale told me above, I’m killing debt while investing.
Metro increased their dividend this week as well. People gotta eat. 🙂
Congratulations to Jean-Yves who won a copy of this book in my recent giveaway here – mind your behaviour for long-term investing success. Your book is literally in the mail!
Enjoy the rest of these articles as part of your Weekend Reading edition.
I’ll be back soon with more content including an update on a stock I’ve owned for a few years now.
A reminder these are great reasons why you should consider pensionizing part of your nest egg at some point. Read the article and enter to win a FREE copy of Pensionize Your Nest Egg from the author!
Bryan Borzykowski reminded us that TFSAs are not just for short-term savings. I couldn’t agree more. Since Day 1 I’ve viewed this account as a dream TFRA – Tax Free Retirement Account.
You can see other name changes to Canadian investing accounts I’ve proposed here. I suggested those name changes because I believe tax considerations should be part of your investing decision – renaming the accounts would help investors understand this. Thoughts?
“Toronto-based Rempel, who is also a tax accountant, points out that once retired, taking CPP early means you don’t have to withdraw as much from your investments, allowing them to grow (assuming you’re in equities that grow). His “breakeven” age calculation compares the higher future income, from letting investments grow, to the higher income available from delaying CPP and/or Old Age Security.”
Fair point, but ultimately I think the biggest factor in taking CPP early is – you need the money to live from. I mean, how rare is it to get inflation-protected, pension-like benefits? If you can defer that AND have more income security in your senior years that is better.
Here are my articles about CPP and OAS payments – to help you decide about these benefits:
A big thanks to Tawcan for this interview on his site about my boring approach to financial independence. Let me know what you think of my answers in that interview in a comment below – good, bad or other!
See you next week!