tag:blogger.com,1999:blog-3444404740488246147.post6461210079952163993..comments2024-03-18T04:15:35.980-04:00Comments on Dividend Income Stocks: When can I be Financially Independent?Dividend Income Stockshttp://www.blogger.com/profile/03253982281007130513noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3444404740488246147.post-66061211909851773072019-07-17T08:57:47.307-04:002019-07-17T08:57:47.307-04:00I don’t have RRSP, but my wife has. She gets emplo...I don’t have RRSP, but my wife has. She gets employer match up to 3% of salary. I don’t have this option, but I have a separate pension plan that I’m contributing into. So for me it will not be tax efficient to have RRSP. Also, I don’t like RRSP because the money is locked until you’re 60. I rather have this money invested in taxable account, pay little tax on income and have access to money anytime I need it. Because down the road you never know the opportunities that can arise. Cheers!Dividend Income Stockshttps://www.blogger.com/profile/03253982281007130513noreply@blogger.comtag:blogger.com,1999:blog-3444404740488246147.post-16946630069420584322019-07-15T23:13:26.330-04:002019-07-15T23:13:26.330-04:00nice German. Everyone needs a plan. Why not go wit...nice German. Everyone needs a plan. Why not go with a rrsp account for you and the wife? Its another great way to invest and diversify. You don't want all your investments in Canadian companies, plus come tax time you will enjoy it =)<br /><br />always love hearing about your youtube experience. You are doing great there, keep it up and maybe you will surprise yourself with all the income.<br /><br />Your expenses seem really low, congrats man! City living has its perks too, our gas from country living really adds up each month..... womp womp. lol<br /><br />cheers German!Canadianpassiveincomehttps://www.blogger.com/profile/09564313288332801049noreply@blogger.com