How Big Does Your TFSA Need to Be to Pay $1,000 a Month?
A $1,000 monthly Tax-Free Savings Account (TFSA) paycheque sounds like something reserved for investors who started investing immediately after the account launched in 2009. Well, it isn’t. The real question is yield. To produce $12,000 annually, a portfolio yielding 4% needs $300,000. At 5%, it needs $240,000. Push that to 6%, and the target falls
