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Another thing I like about VRIF as an ETF, is that it's very liquid and can be sold quickly. This is more of a psychological advantage as the point is hold it forever but it doesn't feel locked in. Of course, liquidity is an aspect of other ETFs and you can sell mutual fund units pretty quickly too. However, it has the payout like an annuity without any aspect of being locked in.
Thanks, great video! I'm wondering how VRIF compares to HPYT? It offers monthly income as well but much higher at 15% currently, which its able to do through through Covered Calls. It is a portfolio of ETFs, which hold longer dated US Treasury bonds that are secured by the full faith and credit of the US government, employing up to 100% covered call writing to generate a higher yield and maximize monthly cash flow. Would love to hear your thoughts and what you see as the worst case scenario or risk?
Another sensible and well reasoned explainer video from JB👍I'm retired and drawing my my dividend payments as income from cash and 2 RIF accounts. I bought $90K so far of VRIF in my RIF accounts because I liked the make-up and approach of the fund. In addtion, I have 2 or more high dividend ETF's in my accounts to which boosts my distribution yield to 5.2% which is more than enough for me to live off of and not worry about minimum withdrawals in my accounts.
I watch several RU-vid videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
Hi, I am wondering is there any reason this is better than combination of vas and vgs. From historical records. Vas and vgs returning 10% + each year compare to this 4%. So for retirement, I dont see any point of buying this etf.
@kevin welsh -The distributions are not indexed for inflation, but like you mentioned, if the fund experienced capital growth, there is the potential for distribution increases.
I have tried comparing the graphs between 3 retirement income etf's ( VRIF, XTR & ZMI) but I know there is more to it than that, and hoping at some point you might discuss & rate these based on your expertise
@HamiltonRb - I might tackle this in a future blog or video. Personally, I prefer VRIF's strategy, as it is extremely diversified and relatively tax-efficient.
@@JustinBenderCPM Thanks, look forward to it, as I am sure others would be. Regardless of which one is your preference, what percentage of a retiree's portfolio would you allocate to that etf, or what / if anything else would you suggest to compliment it?
@HamiltonRb - Every investor would be different, so there's no specific percentage weight allocation to VRIF that would be appropriate for every retiree.
I'm with Justin on VRIF being the best choice because XTR and ZMI have higher MERS, aren't as well diversified, XTR has a lot of ROC and ZMI has more volatile holdings and has attracted very little investment ($110M) in it's existence. Personally, I plan to have 20 to 50% of VRIF in my 2 RIF accounts.
Is this a good time to start a vrif to receive income from a qualified account given the Stock market is high and the bond market stinks. I need a safe place to get income.
@Mission Bear - I would estimate the unrecoverable foreign withholding tax for VRIF in a non-registered account at 0.01% (so basically a nothing burger).
Isn't 50% stocks a high amount for someone who is retired and drawing down? Does it not present risks highly than ideal for elderly investors? I am thinking about this product for a parent. Great video...
@R R - The choice of asset mix during retirement is different for everyone. Retirement may last 30 or more years, so taking some equity risk likely makes sense in most situations. Feel free to check out Shannon's video on choosing a suitable asset allocation, if you haven't already: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-JyOqqtq12jQ.html
Would you recommend a 50/50 split of VRIF and XEI for a retiree looking to boost their yield in a TFSA account? It would be nice to see your analysis of products like ZWC, or some REITs
@Daniel Tojcic - There's no perfect product for retirees. Once you retire, you're going to need to put some additional effort into managing your portfolio for your personalized cash flow requirements (you can't expect an ETF company to create a perfect solution for you). An asset allocation ETF, combined with a 1-5 year ladder of GICs and and an investment savings account would likely do the trick for most investors though. I don't have any plans to create a video for ZWC. I may create a video on REITs in the future though.
Thank you Justin and Shannon, your videos have been an immense help!! One thing I would like to touch on; it seems to me that VRIF would be great for income in a TFSA since there would be be no tax implications after it's converted to cash and then withdrawn?
Some of us want to pass on an inheritance to our kids but draw an income while alive, and stocks and etf’s do that. With an annuity, you get an income while alive, but upon your death your money goes to the insurance company. I’ll pass
@@HamiltonRb wouldn’t be smart to go 100% in either direction. The period certain gives guaranteed income for X amount of years even if the annuitant dies. Putting a portion like 10-25% in an annuity that’s giving you a 10% payout rate, allows you to be more aggressive in the rest of the portfolio as you’re less reliant on that income. There’s also tax advantages in the annuity. If you want to pass down Wealth, life insurance hands down the best option. I like real estate next, not that i won’t be passing down equities too.
