Are GICs enough to keep Silvia’s nest egg going?

2026-03-13 - 10:13

Q. I am a single 61-year-old and my concern for my nest egg is simply maintaining the capital. I’m not optimistic about the world economies and wonder if Treasury bills or guaranteed investment certificates (GICs) are enough of an investment to simply keep my principal intact over the next few years. I make about $60,000 annually and have about $200,000 in savings split equally between my tax-free savings account (TFSA) and registered retirement savings plan (RRSP). I have no employer pension and plan to take my Canada Pension Plan (CPP) and Old Age Security (OAS) at age 65, which I will be able to live on since the mortgage on my condo will be paid off by then. Is this a good strategy or am I overlooking something? I am a very conservative investor holding 80 per cent fixed income in my investments. —Silvia Read More