The Plan


Paying as little as 1% in investing fees can easily add up to hundreds of thousands of dollars in lost wealth for you.  Learn how to avoid investing fees.

A Simple Plan:

1.  If you employer has a retirement plan where they contribute to your retirement, sign up for it – Free money is always good.

2.  Pay off all your high interest debts (credit card, school, car).

3. Set up a self directed trading account with your bank or an independent like Wealthsimple or Questrade.

4. Real Simple plan:  Every year until you’re 65 years old, save 10-15% of your income in your TFSA and/or RRSP.  If you save money with your employer, reduce the amount of your savings. 


Most sophisticated plan:  Read “The Rule of 30” by Fred Vettese.   Fred argues that saving for retirement while you are paying for daycare and your mortgage may be too difficult and you should only spend 30% of your gross income on retirement savings, daycare, and home costs (mortgage, property tax or rent).   If you have to skip retirement savings for a while in your 30’s and 40’s that’s okay as long as you catch up in you 50’s once the kids are done with daycare and the mortgage is paid off.  

5.  Invest that money in a low cost ETF like Vanguard’s VGRO, or VEQT or VBAL.


Some of what you will learn by reading the blog, or by sending me your questions.   

  • RRSPs vs. TFSAs
  • benefits of investing when you are young
  • the value of low cost investing
  • What a broad index ETF is and what’s so good about them
  • what the experts say about how much of your income you should save
  • how CPP (Canada Pension Plan) and OAS (Old Age Security) fit into your savings plan
  • how do RESPs work
  • how company pension plans change your investing 
  • what can change the amount of saving required (married, own home, kids)
  • how and where to set up a self directed investing accounts