Procrastination is acceptable when it comes to practicing the bagpipes, taking off your socks to let your feet breathe, or even airing out your hockey equipment. After watching Ernest save for retirement for a few years, he was finally convinced that he should start saving himself. Also, if you're going to save for retirement both inside and outside an RRSP (perhaps because you haven't got sufficient RRSP contribution room, or you want to have some assets outside a registered plan), be sure to hold any interest-bearing investments inside the RRSP to the extent possible.
Read more here: Procrastination will cost you retirement dollars – Virden Empire Advance
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Information on this site does not constitute legal, medical or technical advice and is not intended to substitute for professional advice. Please consult an appropriate qualified professional about the applicability of any opinions or recommendations with respect to individual concerns.; please read more here.Open article in new window