tag:blogger.com,1999:blog-5465015914589377788.post4243595892652884770..comments2024-02-17T11:07:06.232-05:00Comments on Michael James on Money: TFSA Limit Increase and Long-Term CutMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5465015914589377788.post-83705538078456058262015-05-06T08:30:48.617-04:002015-05-06T08:30:48.617-04:00@Ricardo: You're right that it's returns o...@Ricardo: You're right that it's returns over inflation that really count.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-71385630513321987532015-05-06T08:28:58.067-04:002015-05-06T08:28:58.067-04:00Hi Mike;
This is similar to when I converted my Ta...Hi Mike;<br />This is similar to when I converted my Target fund in to an RRSP. The secretary said "well at least you didn't lose any money" as it was basically the same value. I told her I had lost 2% per year because of inflation. She had not bothered to mention that little hiccup.<br />A 7% yield is only 5% and if it is a non-registered account then your 5% is more like 3.5%. Still better than anythign on th emarket but you need to be realistic on just how much you are putting in your pocket. Over time than 3.5% does add up and is well worth the while.<br /><br />RICARDOAnonymousnoreply@blogger.com