Video: The librarian who wants to book returns of 5%
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The Globe and Mail
Rob Carrick, the Globe's personal finance columnist, and Kathryn Del Greco, vice-president at TD Waterhouse, offer advice to a 68-year-old retired librarian who is looking after investments worth $400,000.
Her question: How can I grow my portfolio by 5 per cent a year, and tax-effectively invest money I withdraw from my retirement plan?
Their diagnosis: Five per cent returns look possible; for RRIF withdrawals, consider putting the money in a tax-free savings account to shield it from taxes