If you are trying to set aside some money for retirement, it’s a good idea to use RRSP’s but many don’t know what is an rrsp, and how it helps them save for retirement. Many people avoid planning for retirement not because they don’t want to, but because there is a myth out there that you need to be rich in order to set aside some money.
Many consumers also have no idea of some of the vehicles available to plan for retirement even on a shoe string budget. Your retirement will come whether you are ready for it or not, and good retirement planning is essential in your prime working years, so that when you retire and are in a lower tax bracket, you can enjoy the benefits of your investments.
Watch this episode with financial planner Jeff Gregory of Desjardins Financial where Jeff will explain what is an rrsp, and how to plan and save for your retirement.
For more information on financial planning, or if you need the help of a top financial planner contact Jeff Gregory
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