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    Recommendations For Yolanda and Harold Smythe

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    somya sharma
    Yolanda and Harold Smythe's current asset allocation is heavily weighted towards Canadian cash equivalents at 89.23%, with the remainder in Canadian and US equities. The recommendations are to open new accounts including a TFSA, non-registered savings, RESP, and inheritance savings. All surplus cash flow should go towards retirement and education savings. They should maximize TFSA and RRSP contributions for tax benefits and plan to retire when Yolanda is 66, reducing monthly travel expenses to $6,000.

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    Recommendations For Yolanda and Harold Smythe

    Uploaded by

    somya sharma
    2 views2 pages
    Yolanda and Harold Smythe's current asset allocation is heavily weighted towards Canadian cash equivalents at 89.23%, with the remainder in Canadian and US equities. The recommendations are to open new accounts including a TFSA, non-registered savings, RESP, and inheritance savings. All surplus cash flow should go towards retirement and education savings. They should maximize TFSA and RRSP contributions for tax benefits and plan to retire when Yolanda is 66, reducing monthly travel expenses to $6,000.

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    Recommendations for Yolanda and Harold Smythe

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    Yolanda and Harold Smythe's current asset allocation is heavily weighted towards Canadian cash equivalents at 89.23%, with the remainder in Canadian and US equities. The recommendations are to open new accounts including a TFSA, non-registered savings, RESP, and inheritance savings. All surplus cash flow should go towards retirement and education savings. They should maximize TFSA and RRSP contributions for tax benefits and plan to retire when Yolanda is 66, reducing monthly travel expenses to $6,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    2 views2 pages

    Recommendations For Yolanda and Harold Smythe

    Uploaded by

    somya sharma
    Yolanda and Harold Smythe's current asset allocation is heavily weighted towards Canadian cash equivalents at 89.23%, with the remainder in Canadian and US equities. The recommendations are to open new accounts including a TFSA, non-registered savings, RESP, and inheritance savings. All surplus cash flow should go towards retirement and education savings. They should maximize TFSA and RRSP contributions for tax benefits and plan to retire when Yolanda is 66, reducing monthly travel expenses to $6,000.

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    © All Rights Reserved
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    Recommendations for Yolanda and Harold Smythe

    Asset Alloation

    Class Name (%) ($)


    Canadian Large Cap Equity 5.14%

    Canadian Small Cap Equity 0.00%

    US Equity 5.14%

    International Equity 0.00%

    Emerging Markets Equity 0.00%

    Canadian Bonds 0.00%

    Global Bonds 0.00%

    Canadian Cash Equivalents 89.23% $

    Unclassified 0.49%

    Total 100.00% $1,0

    Net Worth Recommendation

    the new accounts are as follows


    1. A TFSA to accumulate tax free retirement wealth
    2. An additional Non-Registered savings account
    3. An Resp to accumulate Austons Education fund
    4. An additional savings account for Harold’s heritance
    wealth
    Cash Flow Recommendation
    All the surplus cash flows are recommended to be utilised
    for retirement and Auston’s education savings.

    Tax Details Recommendations


    1. Open up Tax Free savings account (TFSA)
    2. Maximize your RRSP Contribution

    Retirement Goal
    1. Retire when Yolanda turns 66
    2. Cut down monthly travel expenses to 6000

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