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  5. SPY: My husband and I are in our early 60s. [S&P 500 ETF TRUST ETF]
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Q: My husband and I are in our early 60s. We do not have a company income. The bulk of our assets are in my RRSP and LIRA accounts.
We are converting his RRSP to a RRIF and my LIRA to a LIF this year and waiting until I am 65 to convert my RRSP so we can take advantage of pension splitting.
We are conservative investors and just want to keep up with inflation.
Would you please suggest a few ETFs for diversification and a few income ETFs for our LIF, RRIF and my RRSP accounts. If there are stocks you would would like to include that would be appreciated. Thank you.

Asked by Donna on August 10, 2021
5i Research Answer:

Some ETF suggestions: VBAL, XBB, XSB, CBO, XHY, VGRO, CDZ; these would work for income. SPY, XIC, VIG can also be suggested. 

Some conservative stocks: SLF, ENB, BEPC, TRI, QSR

 

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in SPY.