Chapter 19
Using ETFs to Fund Your Golden Years
In This Chapter
Differentiating various retirement account options
Knowing which ETFs to sock into which accounts
Calculating how much money you need to retire
Planning your cash flow needs after the paycheque stops
Imagine if someone made a movie about RRSP planning. No doubt, there’d be a scene that would go something like this:
Financial advisor: Our clients invest a lot of money with us, and we really don’t ever want to lose them.
Advisor’s boss: No problemo! We’ll suggest a retirement plan that’s so incredibly bad that our clients will never be able to retire and spend their money! Just take a look at this array of some of the most expensive and poorly performing mutual funds available on the market today. That’s what we offer!
Financial advisor: Good. And what about portfolio diversification?
Advisor’s boss: None. Four of the nine mutual funds under our umbrella are large Canadian equity funds. We offer no small caps. No international anything. Just large domestic stocks, a few ridiculously expensive and volatile bond funds, ...
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