mofozero

I`m just going to leave this here...

http://www.forhumanpeoples.com/collections/frontpage/products/meg-turney

I don't think that it's the Globe per se, but the Boomer generation which composes the vast majority of their readership. To the boomers, we're all a bunch of entitled, lazy kids. The Globe is just pandering to their base.

What's the interest rate on your mortgage? That would essentially be your rate of return on paying down your mortgage. Most balanced stock portfolios can expect at least 6% return, so if your interest rate is less than that, I'd stick with stocks in your RRSP.

Consider that the tax advantages of an RRSP are not always guaranteed. It's tax deferred, not tax exempt. When you withdraw you will be taxed, and many factors can end up hurting you.

If it were me, my favorite answer is always diversify! Have you maxed out your TFSA? My favorite account! Also, a plain "cash" (i.e. non-registered) account can be good for Canadian stocks as they are taxed quite favorably (at the moment). Having a your money spread out in all the pots lowers the risk that you will get completely screwed.

Hi Rob,

How do you see the demographics of the baby boomer retirement wave playing out in the economy over the next decade (in Canada in particular)? Will it help or hinder GenY? I've heard conflicting stories of doom and prosperity, just wondering what your take is.

Hi Dr. Ernst and thanks for doing the AMA. What do you think will be the biggest impact of the retirement of the baby boomers and the resulting demographic shift in the workforce?