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Pastimes : RRSP -- Ignore unavailable to you. Want to Upgrade?

To: HubTech who wrote (6)1/21/2000 4:56:00 PM
From: Pied Piper  Read Replies (2) | Respond to of 22
 
She is absolutely wrong on the tax deferral question. Just run the numbers through the two scenarios, if I contribute to an RRSP or if I don't. Then look at what one has (after tax) at retirement. I am way ahead (and I mean hugely) putting money in the RRSP.

Of course, this does not account for some of her other points, in particular that I am restricted in what I can invest in. Even then, many people invest more than 20% stateside inside there RRSPs and laugh at the "penalty" they are charged to do so.

Piper



To: HubTech who wrote (6)1/21/2000 8:27:00 PM
From: Wayne Rumball  Read Replies (1) | Respond to of 22
 
I got to #2 and decided it was jibberish.

Just my opinion based on experience


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