TLDR Special Episode: Your Money Questions, Answered
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Jul 23, 2025 Join Dan Tersigni, Director of Digital Advice at Wealthsimple, as he tackles your pressing money questions with expert advice. Discover strategies for managing retirement portfolios amidst economic uncertainties. Learn about the importance of diversification in securing your investments. Dive into a listener's dilemma on whether to pay down a mortgage or invest. Plus, unpack the balance between enjoying life now and saving for tomorrow. Dan also sheds light on the challenges of stock-picking versus index investing, offering valuable insights for financial stability.
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Disaster-Proof Retirement Steps
- Deferring government pensions like CPP and OAS until age 70 can increase payouts by over 35%.
- Diversify across markets, geographies, and asset classes to manage risk and improve returns.
Smart Use of Windfall Cash
- Separate the decision to upsize your home from how you use your $200K windfall.
- Max out registered accounts first, then weigh mortgage payoff versus investing based on your mortgage rate and expected returns.
High-Dividend Stock Risks
- High-dividend monthly stocks often use covered call strategies to generate income but cap upside potential.
- Concentrating in dividend stocks reduces diversification and may increase tax inefficiency in taxable accounts.