Rrsps:the Ultimate Wealth Builder

Download or read book Rrsps:the Ultimate Wealth Builder written by Gordon Pape and published by Portfolio Canada. This book was released on 2014-01-07 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most Canadians, an RRSP is the only personal pension plan they will ever have. As employer-sponsored plans become increasingly rare outside the public sector, we must rely on our own savings and money management skills to ensure a comfortable lifestyle after retirement. This comprehensive guide by bestselling financial author Gordon Pape provides the secrets to building a winning RRSP--everything from setting up the right kind of plan at the outset to proven strategies that will enable you to grow your RRSP over time to a value of several hundred thousand dollars. And all the while, you'll be collecting sizeable tax refunds for every contribution you make. This is a must-read book for everyone who cares about providing a comfortable future for themselves and their families. Inside you'll find information on * how to choose a plan that's right for your needs * tips for selecting the best RRSP investments * the most common RRSP mistakes and how to avoid them * little-known RRSP strategies * how to build successful portfolios * deciding between an RRSP and a TFSA * when to use the Home Buyers' Plan * transitioning to an RRIF