Hey everyone,
I just started a new job (Quebec) and currently going through the selections for my benefits. For the plan, the company has a pretty generous offer. Without going into details, with everything they give and match on top of what I put in, if I put in 9% of my money, I pretty much hit the 18% of salary allowable RRSP max. There is also a possibility of an extra match depending on company performance, and if it goes over 18%, the extra spills over into a non-registered account.
Now my question revolves around choosing the right funds for the registered plans. Everything is through Sunlife, I have no control over that, and we have a set number of funds we can chose from. Luckily, they have low-fee Index funds to chose from, just not the usual Vanguards everyone recommends in this sub. Also, my theoretical retirement year would be 2048.
Here is the list:
Any thoughts? Should I just go simple and go for the low fee Blackrock 2045 index fund?
Thanks!
I just started a new job (Quebec) and currently going through the selections for my benefits. For the plan, the company has a pretty generous offer. Without going into details, with everything they give and match on top of what I put in, if I put in 9% of my money, I pretty much hit the 18% of salary allowable RRSP max. There is also a possibility of an extra match depending on company performance, and if it goes over 18%, the extra spills over into a non-registered account.
Now my question revolves around choosing the right funds for the registered plans. Everything is through Sunlife, I have no control over that, and we have a set number of funds we can chose from. Luckily, they have low-fee Index funds to chose from, just not the usual Vanguards everyone recommends in this sub. Also, my theoretical retirement year would be 2048.
Here is the list:
- BLK LP Index Retirement (QNB)
- BLK LP Index 2025 Fund (QNS)
- BLK LP Index 2030 Fund (QNE)
- BLK LP Index 2035 Fund (QNT)
- BLK LP Index 2040 Fund (QNF)
- BLK LP Index 2045 Fund (QOP)
- BLK LP Index 2050 Fund (QSZ)
- BLK LP Index 2055 Fund (QYP)
- BLK LP Index 2060 Fund (QJO)
- SLA 1Yr Guaranteed Fund (012)
- SLF Money Market (X21)
- PH&N Bond Fund (U44)
- TDAM Cdn Bond Index Fund (X37)
- CI Port Series Balanced (U73)
- B.G. Canadian Equity (U05)
- BLK Active Canadian Eq (W75)
- CC&L Group Cdn Q Growth (QMW)
- BLK EAFE Equity Index (W45)
- BLK US Equity Index (W44)
- BLK US Equity Index Reg (X90)
- Fiera Global Equity (QWP)
- MFS Intl Equity Fund B (X68)
- TDAM Global Equity Index (W57)
Any thoughts? Should I just go simple and go for the low fee Blackrock 2045 index fund?
Thanks!