u/Fine-Gain-5371

Does defined benefit pension change your investing strategy?

I have approximately 20 years left of work until I will receive a defined benefit pension plan of around 8k/month. I have just switched my RRSP account from mutual funds to a self directed investment account And am wondering which ETF to invest in. since my pension would act as the bond portion, should I invest in all equities? Or something a bit safer like VGRO? I have all equities in my TFSA. Im also conscious of the tax implications when I take RRSP money out and wondering if I’m better off to cap my RRSP at a certain amount and focus solely on the TFSA? Although the tax break now from RRSP contributions is nice. Looking for any advice. Thankyou.

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u/Fine-Gain-5371 — 3 days ago