The 4% Draw Down Theory (again)
The 4% draw down theory for withdrawing money from your RIF (your RRSP once you have changed it) has some interesting issues if you live too long.
The 4% draw down theory for withdrawing money from your RIF (your RRSP once you have changed it) has some interesting issues if you live too long.
The 4% draw down theory is that when you retire you withdraw at least 4% of your retirement savings each year (normally), but is that normal?
Should seniors hold high equity stakes in their retirement savings? Explore the concept and its potential risks in this thought-provoking article.
Sometimes service fees can add up, so trying to find a way to save them is a good way to keep your money in your pocket (or your bank account).
What you need is a balanced fund, is what most of us hear from our Mutual Fund sales rep, or from our Bank, since that is what they want us to buy.