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.
Attached are the PP slides for the Investing For Retirees seminar to be held at the NAFR Ottawa Branch
Ignoring market headlines isn't putting your head in the sand; it's a key to a basic investing tenet.
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 ?
There are two broad approaches to investing: active and passive. Both aim to make money but how do they differ?
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