Q – I would like to increase the income component of my investment portfolio. Which mix of funds would you recommend and why? I have a moderate risk tolerance and do not need to withdraw the income for five years. – Doug B., Winnipeg, Manitoba A – With a moderate...
Q – I am 76 years old and earn the maximum amount of money allowed through my retirement pension before the Old Age Security clawback. I would like to withdraw money from my investments to travel with my wife and do not want to face any clawbacks or tax...
Q – My investment advisor has recommended a “strategic asset allocation” fund for my mutual fund portfolio. In doing my own research on the subject, I have been reading about something called “tactical asset allocation.” In your opinion, which strategy is better...
Q – I am interested in adding exchange-traded funds to my investment portfolio. Currently, I hold 100% in mutual funds. I am not clear on the difference between the two, except I understand the cost is lower. I am a self-directed investor and do not rely on the...
Q – My assets are held in segregated funds at a large insurance company. Looking at my holdings, they seem to be similar to mutual funds. What is the difference between segregated funds and mutual funds? What is the cost difference between the two? – Mary M.,...
Q – I am looking at buying my first house. Some of my friends have used money from their RRSPs to access the federal government’s Home Buyers’ Plan. How do I know if I qualify? – Sam R., Burlington, Ontario A – The Home Buyers’ Plan (HBP) was introduced by the...
Q – I am 36 years old, and I hold a mix of mutual funds and stocks in my investment portfolio. In 2012 I am going to start aggressively planning for my future. I am concerned about the impact of inflation on my investment returns. How do I factor this into my...
Q – I will turn 65 this year, and I am set to retire. Can you offer any advice on how to go about determining my income from government pensions? Thanks. – Jan B., Perth, Ontario A – Retirement can be an exciting and scary time. You are not alone, and as the...