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What’s the best long-term strategy for investing in a pension plan versus a TFSA?

Featured writing by Allan Norman · M.Sc. · CFP · CIM

The Short Version

Gina splits her TFSA evenly between equities and income investments, and she's wondering whether the money in her defined-contribution pension plan should be invested the same way or differently. This column digs into that question and, more broadly, how to think about asset mix across accounts that serve different purposes. The key idea is that your various pots don't each need to mirror the same balance; what matters is the overall picture and the role each account plays, including its time horizon and how and when you'll draw on it. A DC pension you won't touch for decades may warrant a different tilt than money you might reach for sooner. It's a useful read for anyone juggling a workplace pension alongside a TFSA who's trying to set a coherent long-term strategy rather than treating each account in isolation.

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