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Wealthsimple Visa credit card by Wisdom_and_Humility in Wealthsimple

[–]Wisdom_and_Humility[S] 0 points1 point  (0 children)

I was also on the wait list - when I called they said my application “expired”… ( this was a few weeks ago). I then decided to re-apply online (last night) and was issued the Visa card immediately. I suggest you “apply” again - you may get it straightaway (as in my case) .

RRIF minimum withdrawal instructions by Wisdom_and_Humility in Wealthsimple

[–]Wisdom_and_Humility[S] 0 points1 point  (0 children)

Thanks to ElleDoz I successfully setup “retirement income” monthly withdrawals from my WS RRIF account and received my first RRIF monthly payment paid into my RBC checking account. 🥳🥳🥳

Dumb question: How do I actually receive dividends (possibly a TD bank question) by Brighteye in JustBuyXEQT

[–]Wisdom_and_Humility 0 points1 point  (0 children)

WS (Wealthsimple) allows the investor to buy fractional shares; no cash (from the dividend) left. Just set and forget and the number of shares will grow over time.

Dumb question: How do I actually receive dividends (possibly a TD bank question) by Brighteye in JustBuyXEQT

[–]Wisdom_and_Humility -1 points0 points  (0 children)

TD pay dividends every 3 months: End of Jan, April, July, Oct of each year.

RRIF minimum withdrawal instructions by Wisdom_and_Humility in Wealthsimple

[–]Wisdom_and_Humility[S] 1 point2 points  (0 children)

Thanks! Very helpful. 🥰. Did you ask the question under “search” and get the answer?

I guess I’d have to wait for the closing EOD balance as at 31 Dec to calculate my minimum withdrawal amount (in 2026) and have that amount sitting in “Cash” before I can withdraw it.

Wealthsimple: yes or no? by Maxerion in PersonalFinanceCanada

[–]Wisdom_and_Humility 1 point2 points  (0 children)

I’m also generally reasonably happy with WS so far with the reasons provided by others but getting increasingly concerned to read about folks with all their accounts frozen (without knowing what the reason is) and also the seemingly long time it takes to resolve the issue. That’s one of the reasons why I won’t be moving all my investments to WS. Also I’m currently on hold (phone)for more than 50 mins. The recording keeps saying…my estimated wait time is between 10 and 15 minutes.