Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




RRSP transfer from TD Future Builder to Direct investing

Reply to topic
Money Talk > Personal Finance

Author Thread
adamjohnson
Member


Cash: $ 4.45

Posts: 18
Joined: 18 Aug 2016

RRSP transfer from TD Future Builder to Direct investing  Reply with quote  

I have around $45k in TD FutureBuilder with market value$ 47K all in mutual funds. Recently I opened a TD direct investing account with RESP/ RRSP and TFSA. Since my employer has tieup with TD FutureBuilder and they match my contribution up to 3%, I cannot/ don't want to close TD FutureBuilder account. But I wanted to basically move the funds collected upto now to TD Direct investing, so that I can buy my own mutual funds/ E-serirs/ ETFs or even stocks.

Is it possible to transfer the funds in-kind without closing the TDFuturebuilder, so that my contributions( and with what employer matches) still go to TD FB. My plan is next time when my contribution hit 20- 30K, do another move to Direct Investing. Please tell me if this makes sense and please advise pros and cons.

Like I mentioned, I have also an RESP and TFSA. I am fairly new to trading, for a small portion of the money ( This year RESP contribution of $2500 and may be another $2500 or a $5000(in TFSA), I would like to purchase Canadian stocks, like BBRY or some thing. I have been following BB and I think they are doing things right. It is going to go up. What is your opinion on this. I know it is going to be my decision, but would love to hear any advices, if anyone willing to provide.

Thanks

Tags: tonos de llamadas para celular, funny ringtones free for mobile, tonos divertidos, iphone ringtones free for moible


Last edited by adamjohnson on Thu Jan 12, 2017 8:03 am; edited 1 time in total
Post Mon Nov 14, 2016 8:01 am
 View user's profile Send private message Visit poster's website
oldguy
Senior Member


Cash: $ 736.65

Posts: 3582
Joined: 21 May 2006
Location: arizona
 Reply with quote  

quote:
Recently I opened a TD direct investing account with RESP/ RRSP and TFSA. Since my employer has tieup with TD FutureBuilder and they match my contribution up to 3%, I cannot/ don't want to close TD FutureBuilder account. But I wanted to basically move the funds collected upto now to TD Direct investing, so that I can buy my own mutual funds/ E-serirs/ ETFs or even stocks.

Like I mentioned, I have also an RESP and TFSA. I am fairly new to trading, for a small portion of the money ( This year RESP contribution of $2500 and may be another $2500 or a $5000(in TFSA), I would like to purchase Canadian stocks, like BBRY or some thing. I have been following BB and I think they are doing things right. It is going to go up. What is your opinion on this. I know it is going to be my decision, but would love to hear any advices, if anyone willing to provide.


Before you make any moves, I strongly recommend that you spend $15 on "The Little Book of Common Sense Investing" by John Bogel. He does a great job of reducing all of the Market Theory into Practice - a straight forward summary of what you need to know and do. The reason that book struck a chord with me is that I did almost exactly what he says - only I did it about 30 years before the book was written. So I know first-hand that it works.

Eg, you are age 37 - if you follow Bogel's method with your $47,000 and with an added $7500/yr, you'll have about $1,200,000 at age 60 - $2,100,000 at age 65 - About $3,500,000 at age 70, and so on.

(Note: Every time I see your posts, I think of the famous AlbertJohnson of the Yukon, lol).
Post Sat Dec 03, 2016 3:23 pm
 View user's profile Send private message

Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      





Money Talk © 2003-2016