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I’ve now got my retirement requirement down to 2k.

And if you wanted to stop there, I wouldn’t blame you.

You sign up for an RRSP or TFSA account with TD Canada Trust, select the “e-series” fund called “TD Canadian Index – e” and boom, you have a stock index tracking fund that only charges 0.33% MER.

There’s also “Canadian Bond Index – e” at 0.55% Great.

This new knowledge will allow him to retire earlier and wealthier.

In his own words, “), we discussed the two major investment vehicles that are available for private individuals who do not have company or government pensions available to them. The key difference between those two vehicles is the way they are taxed.

So we immediately set our pension contributions to 10% of our paycheques, and happily took the 5% bonus. We get that from the fact that the stock market tends to return at least 7% per year when averaged over long periods of time (like my planned 60 year retirement). I could have made this chart larger by including every fund every bank had, but we’re principally concerned with low-cost funds that track Stock Indices and Bond Indices, so that’s what you’ll see here.

And in other countries, fees are often even higher and awareness of their importance even lower. Toque to write this post for you, his research revealed that even his own retirement savings were in an overly costly fund.

But enough of the rehash, the real question is: What To Buy Once You Have the Account That’s not too hard a question, right?

We all know that stock or bond index funds are the way to go unless you think you’re smarter than the stock market () Novice Investment When I started the investment game, I had no idea what I was doing. My father, a wise man who taught me to fear debt and spend only money that I had, instructed me to max out whatever pension contributions my company would give. Money Mustache and I worked for a Canadian company that kicked in 50 cents on the dollar up to 5% of our salaries. Intermediate Investment So I did you some research and here’s what I came up with from the national banks in Canada.

This is the blog where we tell you to turn off your car’s A/C and to save a dollar per driving hour on gasoline. You can purchase ETFs on the open market, in which case you have to be careful with things like “turnover rates” which determine how often you need to pay capital gains tax on the increasing value of your funds.

If, however, you purchase ETFs inside a TFSA or RRSP account, you obviously don’t have to worry about that.

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