News Blog

How to invest to get $35,000 annually in income

Q: I have recently been made redundant at age 60 and need to generate a net annual income of approximately $35,000 for the next three to five years until my other pensions kick in. Currently, my wife (who is 62) and I each have approximately $200,000 in our RRSPs and about $90,000 each in our TFSAs. All four accounts hold the following ETFs:

BMO Low Volatility Canadian Equity ETF (ZLB)— 25%

Vanguard S&P 500 Index ETF (VFV)—25%

First Asset Morningstar International Momentum Index ETF (ZXM)—25%

BMO Long Corporate Bond Index ETF (ZLC)—25%

Can you advise on the best way to generate the investment income we need and still preserve most of our capital?

– Jerry W

click here to Read the full article
AddThis Website Tools
admin001

Recent Posts

Learn Hacks to Help You Build Your Wealth!Learn Hacks to Help You Build Your Wealth!

Learn Hacks to Help You Build Your Wealth!

 Your browser does not support the video tag.

8 months ago
Video – Learn About Regulatory Compliance and Operations with Parthik Mehta!Video – Learn About Regulatory Compliance and Operations with Parthik Mehta!

Video – Learn About Regulatory Compliance and Operations with Parthik Mehta!

 Your browser does not support the video tag.

9 months ago
BTS with the Sales and Administrative Department at TJP!BTS with the Sales and Administrative Department at TJP!

BTS with the Sales and Administrative Department at TJP!

 Your browser does not support the video tag.

9 months ago

Video – Get to Know Jin Lee, one of TJP’s Financial Planners!

 Your browser does not support the video tag.

10 months ago

Video – What Does Financial Happiness Mean for Business Owners_

 Your browser does not support the video tag.

10 months ago

Video – How Do Retirees Define Financial Happiness & Habits to Maximize Their Finances

 Your browser does not support the video tag.

10 months ago