Putting money into an RRSP is giving money to your future self. Your future self doesn’t have an income (he/she is retired and trying to enjoy life) and so any money you can squirrel away now will be greatly appreciated by future you.
Retiring represents and huge change and for some loss in life. Here are some of the main concerns people have when entering retirement and how you can plan to make the transition easier.
Ever have a bad day at work and catch yourself daydreaming about what it’ll be like when you finally retire? Sure, everyone does.
One of the most common questions asked to financial advisors is something along the lines of “should I be paying off my mortgage, or putting money into my RRSP?” If that’s a question that keeps you up at night, then the answer is almost certainly, “Yes.”