RRSP Loan Strategy and RRSP Secrets

The average lifespan in Canada is 82, and most people retire at the age of 65. That’s at least 17 years of life that we have to think about affording. 

That’s what the Registered Retirement Savings Plan or RRSP exists for. A lot of people don’t know that although it’s called a Retirement Savings Plan, it’s actually best used for investing, (not saving), and can be used for so much more than just retiring. 

This episode starts with the basics, and then goes more in depth to look at 2 ways of non-traditionally using an RRSP.

Here’s what I get into:

2:36 - What is an RRSP?

4:10 - Relying on a Canadian Pension

7:17 - Benefits of Contributing to an RRSP

10:25 - Contribution Limits

11:04 - What you Can Hold in your RRSP
11:42 - What Can’t You Hold?

13:10 - RRSP Loan Strategy

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