Registered Retirement Savings Plans (RRSP)
AAA
  1. RRSPs: Introduction
  2. RRSPs: The Benefits
  3. RRSPs: Eligibility
  4. RRSPs: Contributing - Part 1
  5. RRSPs: Contributing - Part 2
  6. RRSPs: Investment Eligibility
  7. RRSPs: Growth
  8. RRSPs: Withdrawals
  9. RRSPs: RRIFs
  10. RRSPs: Registered Plan Strategies
  11. RRSPs: Conclusion

RRSPs: Introduction

This tutorial is your one-stop RRSP shop. Here we explore the ins and outs of RRSP planning and investing. Specifically, we look at what an RRSP is, what its advantages are, how you can set one up and how you can get the most out of your RRSP account.

RRSP is an acronym for Registered Retirement Savings Plan. RRSPs are the Canadian government's way of helping citizens save their money for retirement. Saving for 30 to 40 years of retirement may seem like a daunting task, but well-planned contributions and withdrawals from your RRSP can be a great way to get the best bang for your retirement buck.

In this tutorial, we cover the basics of saving, taxes, compounding and asset allocation strategies. We even help you to figure out how much you will need to retire comfortably. (If you need a refresher on retirement savings in general, check out our Retirement Planning Tutorial.)

We can't promise that planning for retirement using RRSPs is going to be an investment thrill-ride, but we can tell you that if you overlook the advantages of RRSPs, you will likely be the worse for it. So let's get into it!

RRSPs: The Benefits

  1. RRSPs: Introduction
  2. RRSPs: The Benefits
  3. RRSPs: Eligibility
  4. RRSPs: Contributing - Part 1
  5. RRSPs: Contributing - Part 2
  6. RRSPs: Investment Eligibility
  7. RRSPs: Growth
  8. RRSPs: Withdrawals
  9. RRSPs: RRIFs
  10. RRSPs: Registered Plan Strategies
  11. RRSPs: Conclusion
RELATED TERMS
  1. Senior Move Manager

    Senior move managers (SMMs) help seniors downsize and relocate ...
  2. Elder Care

    Elder care, sometimes called elderly care, refers to services ...
  3. Pension Risk Transfer

    When a defined benefit pension provider offloads some or all ...
  4. Death Master File (DMF)

    Also known as Social Security Death Index. A list of people whose ...
  5. Foreign remittance

  6. Marginal Propensity to Save

    The proportion of an aggregate raise in pay that a consumer spends ...
  1. What US banks offer free checking accounts?

    Quit wasting money on monthly fees associated with your checking account and get a free checking account from reputable national ...
  2. What's the difference between a balance transfer and a cash advance?

    Learn how balance transfers and cash advances differ, how these transactions can both benefit and hurt your finances, and ...
  3. What are the different types of annual percentage ratings (APR)?

    Learn the differences between annual percentage rate, annual percentage yield and effective annual rate to compare interest ...
  4. What's the difference between a financial advisor and a financial planner?

    Seeking professional advice from a financial advisor may involve asking for financial help from a certified financial planner, ...

You May Also Like

Related Tutorials
  1. Retirement

    Analyzing The Best Retirement Plans And Investment Options

  2. Budgeting

    The Complete Guide To Retirement Planning For 40-Somethings

  3. Retirement

    The Complete Guide To Retirement Planning For 50-Somethings

  4. Taxes

    The Complete Guide To Retirement Planning For 30-Somethings

  5. Retirement

    The Complete Guide To Retirement Planning For 20-Somethings

Trading Center