Do RRSP’s still have a place in my plan?
By Jason A. DeJean
FCSI®, PFP®, CFP®, CPCA®, EPC®
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“I wish I never invested money in my RRSP; the government is taxing me anyway.”
-Curmudgeonly
Investor
often come across investors who say they wished they never put money into their RRSP. To me this is because it was never fully explained to them and they are not making it part of their long-term plan.
Do RRSP’s still have a place in my plan? The answer is maybe, but only with a thorough understanding of your situation and a well defined financial plan can you evaluate if they fit.
The deadline for RRSP’s this year is March 1st, 2019. With that in mind, you do have time review it. I'm going to go over some frequently asked questions as well as a call to action for investors.
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