Find out everything you need to know about Tax-Free Savings Accounts (Q&A with Warren Ingram)

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: 

  1. 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? 
  2. 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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