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To pull the accounts now and spend the money on guns and ammo, or to leave it where it is and hope to God that maybe, just maybe we won't be completely boned in a few months. Im thinking liquidation would be best, even if the fees may suck

To pull the accounts now and spend the money on guns and ammo, or to leave it where it is and hope to God that maybe, just maybe we won't be completely boned in a few months. Im thinking liquidation would be best, even if the fees may suck

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[–] • 0 pt (edited )

Here's a tip the banks don't want you to know; you can legally back your own mortgage using your RRSP or 401K.

Instead of investing in tanking stocks via mutual funds while you struggle to pay your mortgage due to rising rates, you can be the lender to your own mortgage and guarantee yourself the highest going rate on a mortgage (currently around 6%/yr). It's takes a bit of legal finesse, but during times of high inflation it is definitely the right course of action.

https://www.whichmortgage.ca/mortgage-guide/rrsp-mortgages/118724