A road trip to financial freedom
Readers' questions answered
These are my personal opinions, thought processes and experiences. It doesn't constitute financial advice.
Tymebank has been onboarding new customers in droves with their competitive rates on short-term deposits. But how safe is your money in a digital-only bank account? Or with any new bank, in fact? These are the most important questions to ask before you take the leap.
Tia says, "I’m self-employed and enjoy my work. Even though I’m fit and healthy, I’m thinking I should get a back-up plan and make sure I no longer need to work by age 65." Tia is 50 and by most standards a late starter to financial freedom. She has zero retirement savings. Is it too late for her to reach financial freedom?
A reader asks, "I’ve chosen the Easy Equities platform for my TFSA. I’m also looking at the Vanguard S&P 500 (VOO) or something similar as my chosen ETF. Can I invest offshore with a TFSA?"
And, is it possible to make the S&P 500 70% of my investment and invest the rest more aggressively?