TFSAs Have Doubled in Power: How to Capitalize in Your Own Portfolio
Submitted by Parkhouse Financial / Portfolio Strategies Corporation on April 23rd, 2015
TFSAs Have Doubled in Power: How to Capitalize in Your Own Portfolio
Once formally passed into law, the annual TFSA contribution limit will now increase to $10,000 per person.
What does this mean for you?
By 2016, a couple will have the ability to contribute a combined $100,000. Double that to $200,000 per family if you have 2 children age 18 or older whom are still relying on you financially…and frankly, which Millennials aren’t!?!
By 2021 that will be $200,000 and $400,000 respectively, plus investment growth.
TFSAs for Investment Growth
Take note on that last part: investment, not saving, growth.
This is completely contrary to what the banks have told you.
Think about it. Have you ever seen any bank’s ad touting anything other than the power of TFSAs for short-term, savings purposes?
TFSAs for Your Retirement
TFSAs are the future to growing and more importantly, withdrawing from your retirement nest egg, tax-free.
But, is there a way to further capitalize on the TFSAs doubling in power?
Yes, there is. And, even better yet, you’re going to use your RRSPs to do it!
If you require a refresher about why you want more in your TFSA and less in your RRSP, read The $1 Million RRSP Tax Problem.
TFSAMaximizer™
With TFSAMaximizer™, we’ve built a “bridge” that you can use to effectively “march” your RRSP monies over to your TFSAs. And by design, solve your $1 Million RRSP Tax Problem.
The bridge is narrow, as it can only accommodate a small percentage of your money marching across each month.
Consequently, the money march from your RRSPs to your TFSAs is a process that will take approximately 10-15 years.
March Your RRSPs Over to Your TFSAs
My investment advisory practice specializes in the implementation and ongoing management of TFSAMaximizer™ for clients whom want to march their RRSPs over to their TFSAs.
Call me directly at 416.838.3617 to build your TFSAMaximizer™ bridge today!
And, be sure to forward this email to your friends whom are looking to capitalize on TFSAs doubling in strength for their own portfolios.
Sincerely,
Nathan
