what do you guys think of RRSPs?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • buddyjuf
    • Nov 2026

    #1

    what do you guys think of RRSPs?

    good investment? bad? depends?

    plz post your thoughts
  • chowda
    Confirmed User
    • Jun 2003
    • 9527

    #2
    it helps to defer taxes until u retire. better to start young.
    Someone finds you...
    2007

    PS: Nationalnet is the best host I've ever had. And i tried alot of them.

    Comment

    • SleazyDream
      I'm here for SPORT
      • Jul 2001
      • 41470

      #3
      max them out. give your spouse enough income so she can max them out. then buy other investments.
      This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!

      Now read without the word dog.

      Comment

      • buddyjuf

        #4
        thanx for the advice you two! looking for more as well

        Comment

        • Monk
          Confirmed User
          • Jan 2003
          • 631

          #5
          An RRSP is not a specific type of investment.... you can own any variety of investments in an RRSP......you can own mutual funds, GIC's, mortgages, etc. inside your RRSP.

          there is a Canadian content requirement however... I think you are only allowed 15% foreign investments inside your RRSP (% may have changed)

          So basically, if you are going to have investments... WHY NOT have them in an RRSP? You get the benefit of the tax deduction plus the income on the investments inside the RRSP are not taxed until you take it out (at retirement presumably)
          Last edited by Monk; 02-04-2004, 02:55 PM.

          Comment

          Working...