When it comes to investing for your retirement, registered retirement savings plans (RRSP's) are the best place to start. The combined benefits of reducing taxable income in the present and the expectation of tax-sheltered compound investment returns over the long term provide a compelling reason for investors to make the most of these savings.
There are a number of tactics you can use that will help you realize the full wealth-building potential that these plans can provide. What follows are a few tips on how to make the most of every dollar you invest.
B. Kirk McNamee, CFP