I look forward to seeing all new attendees at this, the eighth edition of the seminar, designed especially for retirees who seek impartial strategies to reduce fees and increase income.
The Bucket Plan, an excellent how to book by Jason L. Smith describes a simple and effective system to allay the fears of retiree investors, by ensuring that they will have enough cash for their needs, and avoiding the need to sell investments when markets tank.
An annuity is a combination of life insurance and investment. Basically, the insurance company which sells you the annuity is betting that you will die before they have to pay you back all of the money that you invested.
Regularly, the investment environment goes a little nuts and offers up some particularly interesting investing opportunities. That is the case with preferred shares today.
Someday in the foreseeable future, the “fit will hit the shan” and these valuations will come back down to earth. With Trumpski as President, who knows what might trigger a major correction or worse? Iran, China, outrageous deficits, higher interest rates ?
Three simple strategies can have an enormous impact on your investment returns. I call them FTD - Fees, Taxes and Diversification.
Frankly, the only reason for retirees to own Canadian stocks is the tax advantaged nature of the dividend tax cred