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?
My brother sent me an interesting link from the NY Times An Adage Adjustment for Investors at Retirement (remember it has a pay wall), about whether today’s new concept of Seniors holding high equity stakes in their… Read More »What Will be the Equity Percentage when I retire?
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.