Posts by Ted Rechtshaffen
This alternative to stocks and bonds is gaining a following among wealthy investors
I hear a lot of the following these days: “The stock market is too volatile and there is a recession coming. I am nervous about stocks.” “With interest rates so low, I will lose money owning bonds after tax and inflation.” “Preferred shares have not performed very well over the past few years so I…
Read MoreTed Rechtshaffen: Why I made my daughter pay for her first year of university
Teaching financial responsibility and financial lessons should be an important part of a university education A few years back I wrote an article that was not very popular with high school students. I suggested that a great financial lesson to teach a child or grandchild is to have them pay for at least one year…
Read MoreWhy Canada should eliminate minimum RRIF withdrawals entirely
An industry colleague and I were talking the other day about registered retirement income funds (I know, we aren’t the most exciting people) and he suggested the government should just remove RRIF minimum withdrawals entirely. The comment was like a lightning bolt to me. It is such a straightforward thought and, in my mind, makes…
Read MoreThis borrow-to-invest strategy can build you wealth with someone else’s money
“Borrowing to invest” can be a scary phrase. There have been many inappropriate cases where it doesn’t end well. Yet for all of the naysayers, I am pretty sure that you are currently doing it or have done it before. If you have ever had a mortgage or debt on a home equity line of…
Read MoreFinancial Post columnist (Rechtshaffen) shows how many Canadians can afford Retirement Homes
A financial expert and Financial Post columnist compares the costs of senior housing options including home care, long-term care and a retirement home. A newspaper columnist recently contacted Amica to research an article on the cost of private retirement living. This wasn’t any reporter: it was Ted Rechtshaffen, a personal finance columnist for the Financial…
Read MoreFinancial Post/Rechtshaffen: How wealth advisors provide a significantly higher value service for core clients than roboadvisors
Advisors know which clients to put on which path to achieve the best big-picture result Several people have asked me lately about the Questrade TV ads that feature someone in their 30s going to what appears to be their parents’ financial advisor to tell them why they are leaving. My first thought was, “Why did…
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