Search results for: RRSP TFSA

When is your RRSP too large? (as seen in National Post)

I’m excited to be quoted in both the National Post and in Jonathan Chevreau’s “Findepence Hub” blog! “When is your RRSP too large?” Here are the links: National Post Findependence HUB My view is that a RRSPs over $750K-$1 million may not be the most beneficial. If your tax rate on withdrawal is higher than…

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Tax Refund is NOT a Benefit of RRSPs

Getting a tax refund is one of the main motivators for contributing to RRSPs. However, there are two main benefits of RRSPs and the tax refund is not one of them. The benefits of RRSPs are: Tax-free growth (same as the TFSA). Tax gain or loss depending on your post-retirement tax bracket when you withdraw…

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The Optimal RRSP Contribution

In RRSP season, you may wonder “How much should I contribute to my RRSP?” The proper way to figure this out is to identify your “optimal RRSP/TFSA contribution”. Understanding how to figure out the very best RRSP contribution to make is a vital concept. It is a key factor in every retirement plan. This article was…

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Tax-Free Savings Account (TFSA) – How should we use it?

The only reason I need these gloves is ’cause of my hands. – Yogi Berra 2009 brings one exciting new development – TFSAs. You may have seen a bunch of news coverage about them. We consider them to be the best new retirement savings vehicle since RRSPs. For many, perhaps most Canadians, they will be…

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Rempel Maximum – 5 Steps to Becoming a Multi-Millionaire

Remember the show “Who wants to be a millionaire?” Are you the kind of person that wants to build some serious wealth? Live an exceptional life? Be financially free? I don’t mean just a comfortable amount. I mean a lot – like being a multi-millionaire. The truth is, average people can become very wealthy just…

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2 Things You Must Focus on to Be Financially Secure

Do you feel financially secure? What would it take for you to build a huge nest egg to become financially secure? Conventional wisdom says it’s mostly about investing better. It suggests you should focus on getting a higher return or lower fees. Prefer an overview? Like videos? Listening to podcasts? Check out our whiteboard video,…

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