Everything You Need to Know About Tax-Free Savings Accounts (Q&A With Warren Ingram)

Honest Money

English - May 03, 2021 02:00 - 10 minutes - 7.33 MB - ★★★★★ - 7 ratings
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Previous Episode: Understanding Feeder Funds, Leveraging Off the Exchange Rate and Investment Properties (Q&A With Warren Ingram)

Next Episode: From 170k in Debt to Being Debt Free: Charles Hsuan Shares His Personal Finance Story

On today’s Honest Money podcast, Warren Ingram answers your questions around Tax-Free Savings Accounts, from best practices, finding the right institute and whether or not an RA is still necessary.

Questions/ Topics:

As a young professional that’s starting their saving journey, should I have more than 1 tax free savings account? I am also a contractor and don’t have a retirement plan with my company, am I limited to an RA or will a tax free savings account suffice? I'm starting my investment journey and I want to invest in a tax free savings account, there’s conflicting advice with regards to opening up one with a bank or a unit trust company/ easy equities index provider. What is the best practice?

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