Comments on: RRSPs: Who Needs Them? http://balancejunkie.com/rrsps-who-needs-them/ In search of a better balance in money ... and in life Fri, 11 May 2012 13:42:04 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Putting Money In Its Place | Balance Junkie http://balancejunkie.com/rrsps-who-needs-them/comment-page-1/#comment-26927 Putting Money In Its Place | Balance Junkie Tue, 07 Jun 2011 09:46:52 +0000 http://balancejunkie.com/?p=1951#comment-26927 [...] started planning for your future already, now is the best time. If you’re Canadian, look into RRSPs, TFSAs and any pension plans your employer might [...] [...] started planning for your future already, now is the best time. If you’re Canadian, look into RRSPs, TFSAs and any pension plans your employer might [...]

]]> By: The Real January Effect | Balance Junkie http://balancejunkie.com/rrsps-who-needs-them/comment-page-1/#comment-21621 The Real January Effect | Balance Junkie Mon, 17 Jan 2011 10:47:47 +0000 http://balancejunkie.com/?p=1951#comment-21621 [...] away and people are starting to get a feel for whether or not it might be a good idea to make an RRSP contribution in order to get a tax break for the previous year. (The RRSP contribution deadline for 2011 is [...] [...] away and people are starting to get a feel for whether or not it might be a good idea to make an RRSP contribution in order to get a tax break for the previous year. (The RRSP contribution deadline for 2011 is [...]

]]> By: Should You Take Money Out of RRSPs to Pay Off Debt? | Balance Junkie http://balancejunkie.com/rrsps-who-needs-them/comment-page-1/#comment-6727 Should You Take Money Out of RRSPs to Pay Off Debt? | Balance Junkie Tue, 19 Oct 2010 23:43:22 +0000 http://balancejunkie.com/?p=1951#comment-6727 [...] few variables here, so there’s no one size fits all solution. If all else fails, remember the Cardinal Rule of RRSPs: they work best if your marginal tax rate is greater at the time you put the money in than when you [...] [...] few variables here, so there’s no one size fits all solution. If all else fails, remember the Cardinal Rule of RRSPs: they work best if your marginal tax rate is greater at the time you put the money in than when you [...]

]]> By: TFSA vs. RRSP Duel: Who Wins? | Balance Junkie http://balancejunkie.com/rrsps-who-needs-them/comment-page-1/#comment-200 TFSA vs. RRSP Duel: Who Wins? | Balance Junkie Tue, 02 Feb 2010 10:55:26 +0000 http://balancejunkie.com/?p=1951#comment-200 [...] Choice: Comparing the Marginal Effective Tax Burdens on RRSPs and TFSAs. As we noted in RRSPs: Who Needs Them?, the cardinal rule of RRSP investing is that they work best if your marginal tax rate when you put [...] [...] Choice: Comparing the Marginal Effective Tax Burdens on RRSPs and TFSAs. As we noted in RRSPs: Who Needs Them?, the cardinal rule of RRSP investing is that they work best if your marginal tax rate when you put [...]

]]> By: 2 Cents http://balancejunkie.com/rrsps-who-needs-them/comment-page-1/#comment-155 2 Cents Wed, 27 Jan 2010 14:55:09 +0000 http://balancejunkie.com/?p=1951#comment-155 Ditto for me Doctor Stock. We began investing in RRSPs (using an advisor at first) in our late 20s. The money went into Labour Funds! We sold out of them (finally) after 8 years of horrible (negative) returns. Never again. P.S. - Your Lessons from the Casino series is excellent! Ditto for me Doctor Stock. We began investing in RRSPs (using an advisor at first) in our late 20s. The money went into Labour Funds! We sold out of them (finally) after 8 years of horrible (negative) returns. Never again.

P.S. – Your Lessons from the Casino series is excellent!

]]> By: Doctor Stock http://balancejunkie.com/rrsps-who-needs-them/comment-page-1/#comment-152 Doctor Stock Tue, 26 Jan 2010 20:47:21 +0000 http://balancejunkie.com/?p=1951#comment-152 I wish someone had told me it may not be the best idea to put money into an RRSP when I was earning so little. See the #2 rule of cardinal RRSP investing above. So true!! Paying down debt early in life may be a much better option! .-= Doctor Stock´s last blog ..<a href="http://www.investinthemarkets.com/2010/01/lessons-from-casino-lesson-1-of-8.html" rel="nofollow">Lessons from the Casino - Lesson 1 of 8</a> =-. I wish someone had told me it may not be the best idea to put money into an RRSP when I was earning so little. See the #2 rule of cardinal RRSP investing above. So true!! Paying down debt early in life may be a much better option!
.-= Doctor Stock´s last blog ..Lessons from the Casino – Lesson 1 of 8 =-.

]]>