How to Maximize Your Savings Using an RA, TFSA, or Preservation Fund

Warren Ingram answers your questions, in today’s episode he touches on preservation funds when getting a payout and choosing between an RA or a TSFA to invest in. 

  1. I’m about to receive a divorce payout, I’m planning on moving it to a preservation fund and drawing out one amount. I have a child that needs education and I need to buy a small car. What would you suggest in terms of preservation funds, is there one you can recommend or is there another solution? 
  2. I only have a limited budget, between an RA and TFSA, which one should I prioritise my investments in? Which one gives a better tax benefit in the long run? 

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