I'm sometimes asked by the media to comment on how much money Canadians should put into Registered Retirement Savings Plans (RRSPs). There isn't an easy answer -- but there is a better question: How much money do you need to retire comfortably?
President, Investor Education Fund
Tom Hamza is the President of Investor Education Fund (GetSmarterAboutMoney.ca), a non-profit founded and supported by the Ontario Securities Commission that is dedicated to providing Canadians with unbiased tools and information to make better financial decisions.
Because saving for retirement is the responsible thing to do and paying less tax always sounds great, you wouldn't be blamed for thinking that topping up your RRSP is a no-brainer. But is it? And is getting an investment loan a "good debt" to acquire in order to get it done? Here are some things to consider and speak about with your financial adviser.
02/21/2014 05:48 EST
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