4/24/2014

My Money, My Choices - Level 3, Activity 4

Posted by with 4 comments | in ,
The fourth activity in level 3 is getting set up on a company pension plan if you're not already on one - thankfully I am but unfortunately, Jordan's company doesn't have one.

Mine is a defined contribution (not defined benefit), both I, and my employer contribute 5% of my gross salary including any overtime or bonus'.  About a year and a half ago (my four year anniversary), my pension vested which means that no matter where my career takes me - the money in that account is all mine and cannot be clawed back by my employer.

I'm not particularly good (read knowledgeable) at investing, but I thought I would share what my pension is invested in (I can make changes to this anytime, but try to only look at it once or twice a year) and what my rate of return is for the different funds.


This is through Sunlife and I can choose any plan/fund that they have.

What do you think of my asset mix? Would you do anything different?

Related Posts:

  • MMMC - Level 3 Done!My Money, My Choices - Level 3, Activity 11 & 12 Jordan and I don't have children so we can skip these activities - they are setting up and automating RESPs.  You can bet your bottom though, that once we do, it will… Read More
  • Do you have a TSFA?My Money, My Choices - Level 3, Activity 9 & 10 From the blog posts, and articles that you still see regularly around the merits of TSFA's versus RRSP - it's no wonder people are still confused about what they are for, a… Read More
  • My Money, My Choices - Level 3, Activity 7 & 8 A curveball account...now this is something that Jordan and I have never had...though perhaps it is and we've just been calling it our Emergency Fund.  Gail believes that everyone should have a curveball account to hel… Read More
  • My Money, My Choices - Level 4, Activity 1 & 2Level 4 is all about credit...which is a tool and important to learn how to use well.  When credit, turns to debt it becomes a tool that weighs us down and prevents us from achieving financial independence. Activity 1… Read More
  • My Money, My Choices - Level 4, Activity 3 and 4Activity 3 is one I can really sink my teeth into, in this one, we have to check our credit history reports.  Activity 4 is to correct any errors.  I requested them for both Jordan and I on April 14th from both Equi… Read More

4 comments:

  1. Nd.chic24 April 2014 at 05:29

    I would probably get rid of the money market and bond fund at your age. I'm not familiar with the specific other ones, only the asset classes.

    ReplyDelete
    Replies
    1. Jessie's Money24 April 2014 at 07:27

      Hey ND Chic - thanks for stopping by! Why would you suggest getting rid of the money market one?

      Delete
  2. Morgaine24 April 2014 at 07:57

    I agree with ND, you are still young and have lots of time to recover from market fluctuations, this portfolio is leaning too heavily on the income side and not enough on the equity side. Money market is just a fancier term for saving account but its even lower interest (0.6%!!!). I would suggest at least one dividend fund but I'm not familiar with Sunlife's offerings. Do you have a rep you can talk to about your investments?

    ReplyDelete
  3. banclothing25 April 2014 at 09:26

    I am in the same situation with my pension and it's super confusing picking... I have no idea how to divide it up. So I just roll with what it is now until I decide to do some research.

    ReplyDelete

Hi! Thank you for stopping by and leaving a message.

Subscribe to: Post Comments (Atom)

Links ♥

Followers