Q: I have converted a RRSP into a RRIF this year and subsequently my mandated withdrawal and consequent income will be much more than is required for me. My portfolio is chock full of banks, utilities, reits and other solid dividend stocks ( think EIF, SPB ) , essentially matching the present required withdrawal amount. My non registered account has essentially the same composition.
I am considering taking the RRIF withdrawal money and incrementally buying more solid growth stocks such as BAM , TFII , WCN , FSV , etc. instead of higher yielding dividend stocks.
Your thoughts on this portfolio transition is appreciated. Derek
I am considering taking the RRIF withdrawal money and incrementally buying more solid growth stocks such as BAM , TFII , WCN , FSV , etc. instead of higher yielding dividend stocks.
Your thoughts on this portfolio transition is appreciated. Derek