Financial Planner Explains FHSA. Best account to save for first home? Interview @TD Inside Investing

Which is the best account to save for your first home? Is the new FHSA first home savings account the right one that you should be prioritizing?
Here are 5 tips and strategies on using the FHSA and things to watch out for BEFORE saving into it.

⏱️TIMESTAMP
00:00 Start Here
01:13 First step when trying to save/ invest
02:44 What is the First Home Savings Account (FHSA)?
05:54 Difference between FHSA and RRSP HBP
07:59 How to take out money from FHSA?
09:25 Drawbacks of the FHSA
10:25 How much down payment to put down?
11:22 FHSA Tip #1
14:05 FHSA Tip #2
16:23 What if I want to buy a pre-sale home?
17:40 Should I take out TFSA to save into FHSA?
19:00 Is TFSA always better if I earn less than $55k a year?
21:25 FHSA Tip #3
22:53 FHSA Tip #4
25:08 FHSA Tip #5
26:55 Investing into market during a crash
29:48 Diversification in an investment portfolio
32:05 Investor Q&A

💡RESOURCES:
TD Inside Investing Webinars:
www.td.com/ca/en/investing/direct-investing/webina…

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👉🏻👈🏻 KEEP IN TOUCH:
🌍 Website - www.twainfinancial.ca/
📸 Instagram - instagram.com/twain.ryan.lee


DISCLAIMERS & DISCLOSURES
This content is for educational and informational purposes only. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and should not be taken as financial advice.
Please consult with a financial planner before making any financial decision to make sure it's suitable for your specific situation and aligning with you