I searched but couldn't find exactly what I was looking for... Now that my and my wife's money has been moved to TDW, it's time to setup everything. RESP was hassle free, I went with the e-series and a slightly higher focus on the bonds.
I opted to treat the following as a single portfolio:
RRSP (wife + I)
RRSP + DPSP from my workplace
Wife's Pension plan (govt employee)
My current thought is to keep our TFSAs separate for now as an emergency fund (HISA) while we're in the process of building another emergency fund. Unless there's something better? ie: consider the TFSA as part of my fixed income so it's "safer" ?
What I'm having problems with is the RRSP, Spousal RRSP, TFSAs, LIRA and pension plan. According to my forum search during lunch, the pension plan can be considered fixed income at 180 x the monthly allocation you'll get so this one is taken care of. What I am unsure of is with if I should keep to a minimum the number of ETFs or funds held in each account:
- the "small accounts", ie where there is ~10% of the portfolio. Is it wise to have them only hold one fund or ETF ? I don't intend to contribute to the spousal RRSP anymore and can't contribute to the LIRA. It makes it cheaper from a fees point of view (less ETFs to buy) but I'm concerned about rebalancing or withdrawing issues in the future
- what about US equity and international equity: should I, for example, have all US Equity in my RRSP and all Intl equity in my wife's RRSP?