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Avoiding the seven deadly RRSP sins

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  • Avoiding the seven deadly RRSP sins

    A Registered Retirement Savings Plan (RRSP) should be the cornerstone of your retirement nest egg, especially if you don't have a company pension. Unfortunately, many Canadians fail to grasp the importance of RRSPs and make mistakes when managing them. Here are seven RRSP sins and tips on avoiding them.

    http://ca.finance.yahoo.com/retirement/ ... -rrsp-sins
    Need it everyday and night

  • #2
    Re: Avoiding the seven deadly RRSP sins

    A 25-year old who socks away $5,000 a year in an RRSP earning a 6 percent return would have $773,810 at age 65. Only $200,000 of that would be actual contributions. The rest reflects investment earnings from those contributions.

    That would be me trick is to last till you are 65.

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    • #3
      Re: Avoiding the seven deadly RRSP sins

      Originally posted by mynameismo

      That would be me trick is to last till you are 65.

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      • #4
        Re: Avoiding the seven deadly RRSP sins

        Don't buy any better to invest in secure investment, % would be higher in the long run.

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