TFSA Withdrawal Rules

The best things in life are nearest: Breath in your nostrils, light in your eyes, flowers at your feet, duties at your hand, the path of right just before you. Then do not grasp at the stars, but do life’s plain, common work as it comes, certain that daily duties and daily bread are the sweetest things in life.

~ Robert Louis Stevenson

Update: This article is [...] Continue reading TFSA Withdrawal Rules





Financial Priorities: Focus vs. Diffusion

I try to take one day at a time, but sometimes several days attack me at once.

~ Jennifer Yane

Update: This article is featured in the Money Hackers Blog Carnival #109 posted at Maximizing Money. Thank you!

I’ve written a lot of “vs.” posts comparing various financial priorities like RRSPs vs. TFSAs and RRSPs vs. Paying Down Debt. I still understandably get a lot of questions about [...] Continue reading Financial Priorities: Focus vs. Diffusion





What Is the Safest Investment?

Know safety, no injury. No safety, know injury.

~ Author Unknown

This is another question that’s come up quite a bit lately and it’s pretty easy to answer. The safest place for your money is in a government guaranteed account. If you are Canadian, this means an insured account at a CDIC member institution.

OK, so it’s not quite that simple. There’s quite a bit that you should [...] Continue reading What Is the Safest Investment?





TFSA vs. RRSP Duel: Who Wins?

The inability to make a decision has often been passed off as patience.

~ Author Unknown

At this time of year, many Canadians are trying to figure out where to put their savings in order to reap the greatest tax and long term investment advantage. With the introduction of TFSAs last year, that decision has been complicated a bit. There has been great debate over which are [...] Continue reading TFSA vs. RRSP Duel: Who Wins?





Book Review: Enough Bull

People on commission cannot be trusted.

~ David Trahair, Enough Bull, p. 121

This book came out in August of 2009. By that time, the market tailspin had finally subsided and many investors have since felt comfortable diving back into the investment pool. David Trahair would probably advise against that.

This book was billed as “the one book your bank really does not want you to read”. When [...] Continue reading Book Review: Enough Bull





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