SPOTLIGHT: RRSP Special Report 2005
Every year The Globe and Mail carries a series of
special RRSP reports aimed at the retail investor. Here is the first report for
The Future: A Juggling Act
The numbers are mind-boggling. While the number of Canadians creating
registered retirement savings plans (RRSPs) and contributing to them has risen
exponentially since the program's inception in 1957, the actual amount
sheltered, by comparison, has been paltry. Almost $300-billion of contribution
room is going begging, leaving Canadians with hard choices, writes Richard
Early or Spend Your RRSPs?
Canada Pension Plan payments can begin as young as 60, at a cost, or as old as
70, with a reward. But in general, when it comes to CPP, fless is more and, when
it comes to RRSPs, the longer you keep them, the better. Dianne Rinehart talks to experts about planning for
Saving for the Other Half
It can be a little late - and a lot disappointing - to find out after you and
your partner retire that you've missed out on one of the most effective tools to
reduce your tax burden. Spousal RRSPs can make a big difference in how much
money goes to the taxman and how much stays with you and your partner as
disposable income. But by retirement, it's too late. Dianne Rinehart adds it up.
Planning Ahead: A Three-step Strategy
Not even a year into her engineering career, 24-year-old Julie Adshade is
thinking about retiring. Indeed, she feels a bit behind on her planning - she's
been in the work force for seven months and is considering her first RRSP. But as life and career progress,
RRSP tactics need to adapt, Theresa Ebden
How to Avoid the Big Mistakes of RRSP Season
Use it, don't lose it. Know when to buy. Know the tax benefit. Have a plan.
Don't chase performance. Understand risk. Use spousal RRSPs. Stop
procrastinating! Words of wisdom from Jim Yih.
Fewer Canadians Look to RRSPs, Poll Finds
Nearly two thirds of Canadians now have a registered retirement savings plan,
according to a recent RBC Financial Group/Ipsos-Reid poll. Mutual funds are the
most popular investment, and nearly 73 per cent of those surveyed seek
investment advice from a financial adviser, up from 67 per cent in 2002 and
2003. Richard Bloom has more.