Weekend reading: RRSP withdrawal strategies, how to file a claim for life insurance, and more

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Happy Valentine’s Day to everybody. Hope you are spending the day with that special someone. Here are some of the best posts this week that you can read while digesting your Valentine’s Day chocolate:

Personal Finance

Jim Yih gives reasons why developing RRSP withdrawal strategies makes sense. Putting money away in a RRSP is important, but equally as important is when you eventually decide to take it out, and having a plan for that to minimize taxes.

If you’re stuck on whether to make a deposit into a TFSA or RRSP, the Globe and Mail can help you decide.


The Reformed Broker tells you that in the short and medium term, investment flows don’t follow value; they follow performance. The idea is that over the long term, money is allocated efficiently. But the journey to get there is where the volatility comes in. Therefore, it’s prudent to ignore the short-term volatility and focus on the long-term.

The Financial Post warns of chasing mutual fund returns. Mutual fund advertising double digit returns for their funds may seem enticing, but don’t abandon your long-term asset allocation to chase these returns.


Here at AAFS Insurance, we looked at 5 life insurance underwriting decisions that you should be aware of. For anybody applying or thinking about applying for life insurance, it’s important you know how the underwriting decision can affect your policy. The best news you can get is a standard or preferred rating approval. But don’t despair if you were approved at a substandard rate or declined, because there are options for you to consider, such as no medical life insurance.

In their ask the expert series, LSM Insurance asks Jack Larmond what type of insurance he owns. It’s good to know that Jack has protected himself with life, critical illness, disability and long-term care insurance. He won’t have trouble sleeping at night knowing he and his family is looked after in case something happens to him.

Life-Quotes has an in-depth article on how to file a claim for life insurance if you are the beneficiary.

Enjoy your Valentine’s Day and come back next Monday for a new post.