I've been playing with your platform for 8 months now. I literally tell everyone that they need this. It gets more awesome with every upgrade and all the support. Thanks so much for access to this software. I was so stressed with a forced early retirement before the peace of mind it brought 😊
I agree,in 2009 i told my wife it should be called a TFIA not savings right after we maxed it out the first year.I told my banker the same thing,she actually said-some people may want it as a savings account.People this is why you do not have your investments at a bank.I also agree most people should leave it till the end for a variety of reasons.
Having a large TFSA can be huge when u are older and in need of long term care,since a lot of things in Canada are income tested when we are older. I dont think people talk about this aspect of it to much.
XEQT all the way! Seriously though, I am retired and we are drawing down my RRSP and using the extra to contribute to my TFSA. The plan is to use the TFSA for larger purchases down the road and, hopefully, not need to take it out for cost of living expenses. My regret is not getting serious enough with my TFSA when it started in 2009, I didn't really get going with it until 2014. I've made sure my kids don't make the same mistake!
great content. thx. subscribing 👍 one question though: if my husband name me as successor in his TFSA, but should he die before me, what would happen to his TFSA?. We have no kids, but we give everything to my sister who is not a Canadian citizen in our wills thank u
@ thx so much for yr very quick reply. sorry i meant to ask : if i die before my husband, what will happen to his TFSA ? . Will he have to name somebody else as successor? or just leave it like that and after he die, everything will go to whoever named in his will? Thank u so much. Appreciate it
Assigning a “successor holder” on the TFSA is excellent advice. I did not realize the importance of this. Thank you for this important information!
So important but many don’t know or realize, thanks for the comment!
I've been playing with your platform for 8 months now. I literally tell everyone that they need this. It gets more awesome with every upgrade and all the support. Thanks so much for access to this software. I was so stressed with a forced early retirement before the peace of mind it brought 😊
So glad to hear that! We want everyone in Canada to have their own retirement plan, but it’s a big problem to tackle, thanks for sharing!
so total 72$ has gone?
Not sure I understand?
@@adviice_ca your software is 9 per month he used 8 months so total 8*9=72$.
Ah yes, $9/month, that’s correct.
I agree,in 2009 i told my wife it should be called a TFIA not savings right after we maxed it out the first year.I told my banker the same thing,she actually said-some people may want it as a savings account.People this is why you do not have your investments at a bank.I also agree most people should leave it till the end for a variety of reasons.
Agreed! TFIA would be much better!
Having a large TFSA can be huge when u are older and in need of long term care,since a lot of things in Canada are income tested when we are older. I dont think people talk about this aspect of it to much.
Great comment!
Yep, thats the idea of my spouse and I. If we don't need it, kids get a nice nest egg about the time they'll be retiring.
XEQT all the way! Seriously though, I am retired and we are drawing down my RRSP and using the extra to contribute to my TFSA. The plan is to use the TFSA for larger purchases down the road and, hopefully, not need to take it out for cost of living expenses. My regret is not getting serious enough with my TFSA when it started in 2009, I didn't really get going with it until 2014. I've made sure my kids don't make the same mistake!
Great plan!
Sorry,i wrote these comments 2 min. in, you touched on some of this.
great content. thx. subscribing 👍
one question though: if my husband name me as successor in his TFSA, but should he die before me, what would happen to his TFSA?. We have no kids, but we give everything to my sister who is not a Canadian citizen in our wills thank u
Thanks! If your husband passes away, and you are the successor holder, then his TFSA rolls over to you.
@ thx so much for yr very quick reply. sorry i meant to ask : if i die before my husband, what will happen to his TFSA ? . Will he have to name somebody else as successor? or just leave it like that and after he die, everything will go to whoever named in his will?
Thank u so much. Appreciate it
Usually there will be additional designations but we recommend discussing your goals/intentions with an estate lawyer.
@ thank you so much. 👍