McBride: Consolidating your RRSPs into one account
How many RRSP accounts do you have? How can you keep track of a bunch of small accounts squirreled away in different financial institutions?
Know asset mix
Simplify your life. Why not consolidate all your RRSPs into one self-directed RRSP? It’ll be easier to manage a diversified portfolio with a self-directed plan. You can readily see how much you hold in bonds versus equities, and the percentage of foreign securities you hold.
Having separate RRSP accounts with various banks is not a very
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