Objective Financial Partners Blog
Optimize Your Retirement Income
The article “Optimize Your Retirement Income” was originally published on MoneySense on February 17, 2015. Jackie is approaching retirement and her husband is retired. She’s looking to optimize her retirement income and minimize her income taxes. Q: My husband is 63 and I am 58 years-old. We have defined benefit pension…
How to Know When to Start Drawing on Your RRSP
The article “How to Know When to Start Drawing on Your RRSP” was originally published on The Financial Post on February 17, 2015. There is plenty of information out there about RRSP contributions, ranging from why it’s a good idea to contribute, to how much to put into your RRSP and even…
Juggling Personal and Workplace RRSPs
The article “Juggling Personal and Workplace RRSPs” was originally published on MoneySense on February 12, 2015. Make workplace RRSPs your primary focus Q: My husband and I participate in workplace RRSP top-up programs, and we have an RRSP loan to maximize my husband’s RRSP contribution. We’re not sure if this is…
Using More Than One Financial Adviser
The article “Using More Than One Financial Adviser” was originally published on MoneySense on February 10, 2015. At key times in your life, it makes sense to use more than one financial adviser. Does it make sense for Donna? Q: What are the benefits and/or drawbacks to using more than one…
How Spousal RRSP Withdrawals Work
The article “How Spousal RRSP Withdrawals Work” was originally published on MoneySense on February 9, 2015. Avoid unexpected tax consequences by knowing how attribution works Q: My wife and I are planning to retire within five years. I heard about a rule that requires you to stop contributing to your RRSP…
Timing RRSP Withdrawals
The article “Timing RRSP Withdrawals” was originally published on MoneySense on February 3, 2015. Kate has a home repair that she wants to fund with an RRSP withdrawal. Should she? And if she does, can she mitigate the tax? Q: I am retired and I am 68 years old. I have about…
Debt Repayment vs. RRSP Contribution
The article “Debt Repayment vs. RRSP Contribution” was originally published on MoneySense on February 2, 2015. There’s no rule of thumb when it comes to RRSP contributions versus mortgage repayment Q: My husband and I are close to paying off our mortgage early. Should we put the extra cash in our RRSPs…
How to Cut Through the Noise of Financial Promotions in RRSP Season
The article “How to Cut Through the Noise of Financial Promotions in RRSP Season” was originally published on The Financial Post on January 30, 2015. During the first three months of the year, the financial industry battles for your attention. Plenty of promotions pop up, as new TFSA room becomes available, RRSP…
Invest or Pay Off The Mortgage?
The article “Invest or Pay Off The Mortgage?” was originally published on MoneySense on January 27, 2015. Here’s what Martin should do with the money he is currently stuffing in his TFSA Q: I have an outstanding mortgage of $490,000 with a 3.34% fixed interest rate for another 4 years and I…
The Lowdown on Long-Term Bonds
The article “The Lowdown on Long-Term Bonds” was originally published on MoneySense on January 20th, 2015. AJ has three long-term bonds in his RRIF. The yields are good, but he’s worried that these investments were a bad idea for this account. Q: We have three Registered Retirement Income Funds (RRIFs). One…
How to Handle Your RRSP in a Second Marriage
The article “How to Handle Your RRSP in a Second Marriage” was originally published on The Financial Post on January 20th 2015. Second marriages make financial planning more complicated on several levels, including how to combine your existing finances and how to set mutual financial goals. Registered plans, including registered retirement savings plans,…
RRIF Management: Going it Alone
The article “RRIF Management: Going it Alone” was originally published on MoneySense Magazine on January 13th 2015. Keep your retirement portfolio simple and above all else, have a plan Q: My questions are about my two RRIF accounts. I have too much money in the money market and GICs. I am also worried about the ETFs…
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