Comments on: RRSP vs. Paying Down Debt

By: Jessica07

Jessica07 — Fri, 31 Dec 2010 18:49:10 +0000

I like how you listed the factors to consider. While being debt free is only the beginning, it does not necessarily mean that it’s the only goal to start with. You did an excellent job of listing the considerations that should come to play in each individual’s situation.
Jessica07´s latest post ..Sweat Equity

By: Financial Priorities: Focus vs. Diffusion | Balance Junkie

Financial Priorities: Focus vs. Diffusion | Balance Junkie — Sat, 20 Nov 2010 20:03:21 +0000

[...] a lot of “vs.” posts comparing various financial priorities like RRSPs vs. TFSAs and RRSPs vs. Paying Down Debt. I still understandably get a lot of questions about which of these to do first and how to put [...]

By: Should You Take Money Out of RRSPs to Pay Off Debt? | Balance Junkie

Should You Take Money Out of RRSPs to Pay Off Debt? | Balance Junkie — Tue, 09 Mar 2010 10:47:30 +0000

[...] about this lately, so I thought I would address it today. I’ve written about RRSP Basics and RRSPs vs. Paying Down Debt, but these articles dealt mainly with general issues and new contribution money. I haven’t [...]

By: 2 Cents

2 Cents — Tue, 16 Feb 2010 20:43:27 +0000

You said it Dr. Stock. I think the fact that a lot of this stuff has actually been recommended by financial “professionals” has lulled people into thinking that it’s actually a good decision to carry a certain amount of debt. I hope the pendulum is going to swing the other way soon and if it takes out some of the less scrupulous people involved on the way back, I’m OK with that.

By: Doctor Stock

Doctor Stock — Tue, 16 Feb 2010 20:29:05 +0000

Exactly… I read your comments at CC and agree… debt is the major hinderance for RRSPs. Oh, and if you’re not convinced of that, consider an RRSP loan… so you can have more monthly payments. Geez… what a system!
.-= Doctor Stock´s last blog ..Stock Screen for SHEN (Shenandoah Telecommunications) =-.