Welcome to your Weekend Reading list. I hope you enjoy these articles from the world of personal finance and investing. Before we get to those, in case you missed it, this week I shared my January 2014 Dividend Income Update and I also wrote about some considerations when moving your RRSP to a RRIF. Many of these RRSP and RRIF elements will be top of mind for me later this year when I sit down with my parents to provide them with a tax-friendly roadmap for their accounts.
See you next week and Go Canada Go! #Sochi2014
Thanks to Jeremy over at Modest Money for including me in his list of Top Canadian Finance Blogs for 2014. Vote for me when you can – thanks for your readership.
This article shared the ugly truth about high-priced mutual funds. “An annual fee can look small in percentage terms, but when applied to a growing portfolio over many years the impact on returns can be enormous.”
Michael James on Money shared his approach for a cushy retirement.
Articles often share how to manage your RRSP for modest- to high-income earners. BrighterLife shared how to plan for retirement in a lower income bracket, namely to avoid RRSPs.
A Wealth of Common Sense wrote about the mutual fund graveyard.
Preet Banerjee had Kyle Prevost on his podcast this week.
Chantal Marr wrote about a number of ways to save money on critical illness insurance.
Big Cajun Man shared how much debt we’re in.
Here are some stocks Dividend Growth Investor recently bought.
Passive Income Earner made some recent trades.
Simply Investing listed some popular stocks that have paid dividends for over 100 years.
Mark Goodfield continued his series about your enough number to retire. I agree with him about avoiding focus on any withdrawal rates, they’ve never consumed my planning to date.
Barry Choi wrote an RRSP primer here for Blend Magazine.
Here are ten habits of debt-free people. Not sure how “Debt-free people live on less than they make” was not # 1 and that was the end of the article. A good reminder for me to kill my mortgage.
Mark
My name is Mark Seed - the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I'm looking to start semi-retirement soon, sooner than most. Find out how, what I did, and what you can learn to tailor your own financial independence path. Join the newsletter read by thousands each day, always FREE.
Thanks for including us Mark!
All good Paul! I look forward to diving into the report you sent me more over the next week.
I voted for your blog in Jeremy’s poll. I have been using your site a lot as I am starting up investing. It’s very helpful. Thanks for the reading material.
Thanks Daisy, great to hear!
I liked the 10 habits of debt free people too. Good one. Thanks for the link.
I like the sound of that, a “cushy retirement”. Thanks for the mention.
I like the approach Michael, cash/liquid investments for short-term spending in retirement, and investments to churn out the income in retirement, as longer-term investments.
I just hope I can get to my $30k dividend income mark in another 10 years or so, for early retirement.
Now much debt we ALL are in, wow. Thanks for the inclusion this week.
Yeah, collectively, it’s a bundle isn’t it?