Motley Fool Canada Chief Investment Officer Iain Butler is calling SmartCentres REIT (TSX: SRU.UN) a ‘perfect’ stock to buy and hold in a TFSA for years to come. Hear him explain why in less than five minutes. Would you rather read? Below you will find a transcript. Nick Sciple: I’m Motley Fool Canada Senior Analyst […]
When my family and I moved to Canada seven years ago, we spent months driving around neighborhoods deciding where we wanted to build our lives. Every time I got excited about a quiet street, a peaceful cluster of homes, or a beautifully maintained community, my wife would gently remind me that I admired retirement communities. […]
As your financial needs change from early career to mid-life and from early retirement to retirement itself, the way you approach your investments must also change. Laying a foundation and driving growth Even though you’re likely decades away from retirement, starting investing in your 20s or early 30s is one of the best money moves […]
1. Reexamine your budget Budgets are a great tool to help you stay on track with your spending and savings goals, but they need regular updates to maximize their effectiveness. Hopefully you’ve recorded any changes to your income, expenses or financial goals during the year. If not, now is the time to do an in-depth […]
Let’s dig deeper into this by first understanding what will happen if your dad keeps doing what he’s doing and he doesn’t add money to his TFSA. If he lives to be 90, earns 5% on his investments, your house increases in value by 3%, and we assume an overall inflation rate of 2%, he […]
You could roll his money in your TFSA because of actions that you have taken, that I will explain further, or because your husband called you as a successor. The most important designation options for TFSAs are beneficiary, successor or estate. Beneficiaries receive the value of the TFSA at the time of the owner’s death, […]